LTC Cumulative Final Exam CES2023
1. As a result of HIPPA, premiums paid for long-term care insurance will <Ans> re-
ceive tax favored status
2. All LTC policies are requires to which means that as long as the premi- ums are
paid on time, the company must not cancel the policy <Ans> be guaranteed renewable
3. Which fear, listed below, does not belong in a discussion about the purchase of long
term care insurance? <Ans> dying too soon
4. In today's world, nearly 66,000 nursing homes provide care to an estimated
residents <Ans> 7.5 million
5. Which form of long term care has the lowest median annual rate? <Ans> Adult Day
Health Care
6. Agents should ask all of the following questions to uncover the information essential
to constructing a policy that fits clients' LTC needs and pocketbook, EXCEPT <Ans>
"What type of policy best meets your needs?"
7. One way to provide inflation protection si to add a(n) that begins to
increase benefits at the end of the first year. <Ans> rider
8. In 1993, one of the primary reasons why partnership plans were halted was because
many felt that the programs only benefited <Ans> the wealthy
1/9
, 9. Felicity has$95,000 in assets. Which waiting period should she choose on her
policy? <Ans> 30 day
10. If a person who is covered with a group LTC plan becomes disabled, she can
continue the plan by taking over premiums within of the terminating
event. <Ans> 31 days
11. Providing with information about LTC can be challenging. They want to
win at most things, want products that are "leading edge", want lots of information,
and want to hear messages like "You're important to our suc- cess." <Ans>
Boomers
12. is the most frequent ADL to affect policyholders. <Ans> Bathing
13. A policy covering homemaker services will typically not pay for <Ans> yard work
14. The free look provision provides for each of the following EXCEPT <Ans> the
insurance company must send the refund check within 21 days
15. The author say that the meaning of is an agent's professional and
ethical handling and choice of company, product, and sales presentation to best
serve a client's financial planning. <Ans> sales conduct
16. One of the main reasons for adult day care centers is to <Ans> allow the caregiver
the opportunity for a career
17. Which of the following elimination period options in a policy is likely to result
2/9
1. As a result of HIPPA, premiums paid for long-term care insurance will <Ans> re-
ceive tax favored status
2. All LTC policies are requires to which means that as long as the premi- ums are
paid on time, the company must not cancel the policy <Ans> be guaranteed renewable
3. Which fear, listed below, does not belong in a discussion about the purchase of long
term care insurance? <Ans> dying too soon
4. In today's world, nearly 66,000 nursing homes provide care to an estimated
residents <Ans> 7.5 million
5. Which form of long term care has the lowest median annual rate? <Ans> Adult Day
Health Care
6. Agents should ask all of the following questions to uncover the information essential
to constructing a policy that fits clients' LTC needs and pocketbook, EXCEPT <Ans>
"What type of policy best meets your needs?"
7. One way to provide inflation protection si to add a(n) that begins to
increase benefits at the end of the first year. <Ans> rider
8. In 1993, one of the primary reasons why partnership plans were halted was because
many felt that the programs only benefited <Ans> the wealthy
1/9
, 9. Felicity has$95,000 in assets. Which waiting period should she choose on her
policy? <Ans> 30 day
10. If a person who is covered with a group LTC plan becomes disabled, she can
continue the plan by taking over premiums within of the terminating
event. <Ans> 31 days
11. Providing with information about LTC can be challenging. They want to
win at most things, want products that are "leading edge", want lots of information,
and want to hear messages like "You're important to our suc- cess." <Ans>
Boomers
12. is the most frequent ADL to affect policyholders. <Ans> Bathing
13. A policy covering homemaker services will typically not pay for <Ans> yard work
14. The free look provision provides for each of the following EXCEPT <Ans> the
insurance company must send the refund check within 21 days
15. The author say that the meaning of is an agent's professional and
ethical handling and choice of company, product, and sales presentation to best
serve a client's financial planning. <Ans> sales conduct
16. One of the main reasons for adult day care centers is to <Ans> allow the caregiver
the opportunity for a career
17. Which of the following elimination period options in a policy is likely to result
2/9
