Texas Long Term Care and
Partnership Policy 8 Hours with
Complete Solutions
An insured paid $34,000 in LTC premiums and had one $34,000 claim. With a return of
premium nonforfeiture provision, if the insured dies, the nonforfeiture benefit will be -
ANSWER-$0
Before qualifying for Medicaid, Murray will have to - ANSWER-spend down his
resources to a specified level.
Client Concerns - ANSWER-During an annual review meeting, a 53-year-old client
expresses worry about relying on family or friends for independence and disliking the
idea of becoming impoverished. Which product would best meet her needs?
Client with Few Assets - ANSWER-During a meeting, a 53-year-old client with few
assets expresses concerns about independence. Which product would best meet her
needs?
Compound Increase Option - ANSWER-Rahul purchased a tax-qualified LTC policy with
a 5% compound increase option and a $150 daily benefit maximum. What will his daily
benefit amount increase to on the policy's second anniversary?
Date Rose is entitled to LTC policy benefits - ANSWER-September 1
Dr. Cook's certification for Mrs. Brown's nursing home care - ANSWER-A benefit trigger
Eligibility for Medicaid LTC benefits - ANSWER-Meeting state asset and income
requirements
End of Mr. Jackson's free look period - ANSWER-August 1
Factor not considered in determining LTC policy premium - ANSWER-The LTC product
design
Factors that do not decrease LTC policy premium - ANSWER-Adding the inflation
option
Free Look Period - ANSWER-Sue purchased a tax-qualified LTC insurance policy on
January 1. When does her free look period end?
Partnership Policy 8 Hours with
Complete Solutions
An insured paid $34,000 in LTC premiums and had one $34,000 claim. With a return of
premium nonforfeiture provision, if the insured dies, the nonforfeiture benefit will be -
ANSWER-$0
Before qualifying for Medicaid, Murray will have to - ANSWER-spend down his
resources to a specified level.
Client Concerns - ANSWER-During an annual review meeting, a 53-year-old client
expresses worry about relying on family or friends for independence and disliking the
idea of becoming impoverished. Which product would best meet her needs?
Client with Few Assets - ANSWER-During a meeting, a 53-year-old client with few
assets expresses concerns about independence. Which product would best meet her
needs?
Compound Increase Option - ANSWER-Rahul purchased a tax-qualified LTC policy with
a 5% compound increase option and a $150 daily benefit maximum. What will his daily
benefit amount increase to on the policy's second anniversary?
Date Rose is entitled to LTC policy benefits - ANSWER-September 1
Dr. Cook's certification for Mrs. Brown's nursing home care - ANSWER-A benefit trigger
Eligibility for Medicaid LTC benefits - ANSWER-Meeting state asset and income
requirements
End of Mr. Jackson's free look period - ANSWER-August 1
Factor not considered in determining LTC policy premium - ANSWER-The LTC product
design
Factors that do not decrease LTC policy premium - ANSWER-Adding the inflation
option
Free Look Period - ANSWER-Sue purchased a tax-qualified LTC insurance policy on
January 1. When does her free look period end?
