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en Question #1 of 45 What exists between two states when a person with a partnership policy can move to another state after buying the policy, and the insurance will still be in effect? OA) Treaty B) Alliance C) Interstate trade Question ID: 541182 OD) Reciprocity te N OC
n Question #5 of 45 All of the following would decrease the premium for an LTC policy EXCEPT A) adding the inflation option B) increasing the elimination period OC) decreasing the daily benefit D) decreasing the benefit period Question ID: 562530 tec No 00
01:29:14 en Question #2 of 45 Which of the following is NOT considered by an insurance company when determining the premium for an LTC policy? OA) The prospect's annual income OB) The LTC product design OC) The prospect's health status OD) The prospect's age Test Id: 214925037 2632052 Question ID: 574304 te No 00
Question #26 of 45 The daily benefit amount on Mrs. Costello's per diem contract A) is determined by the insurer OB) reflects actual charges OC) is paid regardless of actual charges OD) must be coordinated with Medicare to be considered a tax qualified plan
Re Qu Re Re Ina Atten 1 Question #9 of 45 Which of the following criteria identifies a tax-qualified LTC insurance policy? 2632052 A) The contract meets certain consumer protection standards. OB) The physical impairment requirement can be met with one ADL impairment. Question ID: 541204 OC) The insured can qualify for benefits because of a medical necessity. D) The physical impairment does not need to be expected to last at least 90 days.
Re Qu Re Re Ina Question #3 of 45 Which of the following should Mr. Jones add to his long-term care insurance policy if he wants the policy to keep pace with increases in long-term care costs? Atten 2632052 Question ID: 541188 OA) Waiting period option O B) Waiver of premium provision C) Inflation rider D) Coordination of benefit with Medicare
e na Question #15 of 45 tten 1 Question ID: 574331 When you are describing the consumer protection features of a tax-qualified, long-term care insurance policy to a prospect, she asks you to explain the nonforfeiture shortened benefit period option. You can correctly make all of the following comments EXCEPT A) should you stop paying premiums, this option guarantees that coverage will be available if you need it B) the providers covered, the daily benefit amount, and the elimination period remain the same OC) the coverage available to you will be based on the premiums you paid D) a percentage of the premiums paid will be returned to you
Re Qu Re Re 1 Ina Atten 2032052 Question #11 of 45 An individual considering the purchase of LTC insurance may elect a long elimination period, such as 90 or 120 days, because A) a longer elimination period results in higher benefits Question ID: 541196 B) a long elimination period reduces the premium cost C) Medicare covers the first 90 days anyway D) the elimination deductible is covered by Medicaid 0% 45 ted No 100
en What exists between two states when a person with a partnership policy can move to another state after buying the policy, and the insurance will still be in effect? O A) Treaty OB) Alliance OC) Interstate trade D) Reciprocity
Question #21 of 45 Under the restoration of benefits clause in Mrs. Bronson's long-term care insurance policy, if she receives care in a nursing facility and recovers, the policy benefit is restored to its original benefit level as soon as she n 632052 Question ID: 574323 A) pays the higher attained age premium B) is certified chronically ill C) is certified treatment free for a period of at least 6 months OD) is discharged from the facility
Re Qu Re Re Ina Atten 1 2632052 Question #29 of 45 Which of the following statements about viatical settlements is TRUE? OA) The purchaser of the insured's life insurance policy under the arrangement receives the entire death benefit when the insured dies. B) The proceeds received by the insured under the arrangement are generally taxable as income. C) The insured receives the entire face value of the policy under the arrangement. O D) The arrangement allows the insured to maintain ownership of the life insurance policy. Question ID: 574319