Long Term Care Exam UPDATED ACTUAL
Exam Questions and CORRECT Answers
Agent Smith solicits a sale of long-term care insurance from his client, Jones. When must Smith
provide Jones with the outline of coverage? - CORRECT ANSWER - Before the
presentation of an application or enrollment form
An event or condition that must occur before benefits are paid is called a benefit: - CORRECT
ANSWER - Trigger
The free-look period for long-term care insurance policies issued in California is - CORRECT
ANSWER - 30 days
Long-term care policies must offer an inflation protection feature that provides that benefit levels
will increase annually at a rate of at least - CORRECT ANSWER - 5%
All of the following are considered to be activities of daily living (ADLs) under long-term care
insurance policies issued in California EXCEPT - CORRECT ANSWER - Driving a car
Qualified long-term care insurance policies are entitled to special tax advantages under -
CORRECT ANSWER - both federal law and California law
Care that does not involve medical services and that is limited to assistance with the essential
needs of daily living such as walking, bathing, dressing, and eating is known as - CORRECT
ANSWER - custodial care
In California, a long-term care insurance policy may be called a comprehensive policy if it
provides benefits for - CORRECT ANSWER - facility care and home care
Under federal law, a chronically ill individual is someone who has been certified as being unable
to perform at least ____ activities of daily living for at least ____ days. - CORRECT
ANSWER - 2; 90
Exam Questions and CORRECT Answers
Agent Smith solicits a sale of long-term care insurance from his client, Jones. When must Smith
provide Jones with the outline of coverage? - CORRECT ANSWER - Before the
presentation of an application or enrollment form
An event or condition that must occur before benefits are paid is called a benefit: - CORRECT
ANSWER - Trigger
The free-look period for long-term care insurance policies issued in California is - CORRECT
ANSWER - 30 days
Long-term care policies must offer an inflation protection feature that provides that benefit levels
will increase annually at a rate of at least - CORRECT ANSWER - 5%
All of the following are considered to be activities of daily living (ADLs) under long-term care
insurance policies issued in California EXCEPT - CORRECT ANSWER - Driving a car
Qualified long-term care insurance policies are entitled to special tax advantages under -
CORRECT ANSWER - both federal law and California law
Care that does not involve medical services and that is limited to assistance with the essential
needs of daily living such as walking, bathing, dressing, and eating is known as - CORRECT
ANSWER - custodial care
In California, a long-term care insurance policy may be called a comprehensive policy if it
provides benefits for - CORRECT ANSWER - facility care and home care
Under federal law, a chronically ill individual is someone who has been certified as being unable
to perform at least ____ activities of daily living for at least ____ days. - CORRECT
ANSWER - 2; 90
