Risk Management and Insurance > QUESTIONS & ANSWERS > LONG TERM CARE CERTIFICATION TRAINING (8HRS) (All)
LONG TERM CARE CERTIFICATION TRAINING (8HRS)
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LONG TERM CARE CERTIFICATION TRAINING (8HRS) To determine whether or not long-term care policies can be considered similar policy forms, they are classified as all of the following EXCEPT - ✔✔I... ndependent When referring to an activity of daily living, the term "transferring" means - ✔✔Moving in or out of bed, wheelchair or chair All of the following are factors that point to an increasing need for long-term care insurance EXCEPT - ✔✔Family and friends are not reliable Which of the following best describes taxation of long-term care premiums? - ✔✔Premiums are tax deductible up to 10% of adjusted gross income Which of the following will qualify as an exceptional increase in policy premium rates? - ✔✔Changes in laws that affect all insurers of similar products Who must develop and maintain standards for long-term care insurance client suitability? - ✔✔The insurance company In 1996, upon retirement at age 65, a retired executive purchased a long-term care insurance benefits. What taxes are due? - ✔✔None All of the following factors will increase a prospect's long-term care insurance premium EXCEPT - ✔✔Increasing elimination period Which of the following would be the best long-term care facility choice for a person who needs the most specialized care? - ✔✔Nursing home A husband has one long-term care plan and his wife h [Show More]
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