Long Term Care Certification Practice Test

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Prepare for the Long Term Care Certification Exam with interactive quizzes and detailed explanations. Master essential topics in long-term care with multiple-choice questions designed for your success. Start your journey towards certification today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which of the following is NOT considered a person's asset in the context of long-term care planning?

Real estate
Investments
Cash savings
Taxes

The correct answer is: Taxes

In the context of long-term care planning, a person's assets typically include tangible or liquid resources that can be used to fund care services. Real estate, investments, and cash savings all represent forms of wealth that can be utilized to cover the costs associated with long-term care needs. On the other hand, taxes do not fall into the category of assets. They represent a liability or obligation that a person is required to pay to the government. Unlike the other options, taxes cannot be converted into cash or other resources that could be used for long-term care planning. Therefore, recognizing taxes as a non-asset is crucial for individuals preparing for their long-term care needs, as it helps clarify their actual financial position and the resources available for leveraging care services.