LONG TERM CARE CERTIFICATION TRAINING
(8HRS) questions with accurate answers
"Similar policy form" Ans✓✓✓ Adult care benefit
A 50-year-old purchases a long-term care policy with a $100 daily
benefit with an annual premium of $1,000. At age 57, he loses his job
and can no longer afford the premium. Under the extended term benefit
option, the policyholder will receive a benefit period for what length?
Ans✓✓✓ 70 days?
A company is replacing their current group long-term care plan.
According to regulations, the company must ensure that all of the
following conditions are met EXCEPT Ans✓✓✓ Additional coverages
may be provided as long as there is no rate increase
A company receives $20 million in premiums during the year and pays
out $12 million in claims. What is the company's loss ratio? Ans✓✓✓
60%?
A company replaces its group long-term care policy with a policy equal
or better benefits. Regarding the issue age factor, how will premiums be
determined? Ans✓✓✓ The individual's age attained age at the time of
the replacement policy?
A group long-term care insurance plan was terminated by the employer.
The insurer converted the employee's plan, but reduced the benefits and
,the premium. Which of the following is most likely true? Ans✓✓✓ The
employee is covered by another policy at the time of conversion
A husband has one long-term care plan and his wife has another. The
husband's plan pays an indemnity of $150 per day and the wife's plan
pays 50% of the daily rate. If they are both in care facility that charges
$250 per day, how much per day will they pay out of their own pocket
after elimination period? Ans✓✓✓ $225
A long-term care insurance prospect accepts a policy with many
features. What can the policyowner expect? Ans✓✓✓ Coverage for
care in a variety of care settings?
A long-term care insurance prospect compares 2 similar policies and
discovers that one offers home health care services and the other does
not. Home health care coverage features all of the following EXCEPT
Ans✓✓✓ Benefits limited to Medicare certified agencies
A long-term care insurance prospect completes a financial analysis
showing that their net assets total $325,000. The agent should conclude
that Ans✓✓✓ The prospect is suitable for long-term care plan?
A long-term care insurance prospect is comparing a tax-qualified plan
with a nonqualified plan. All of the following would be considered
advantages for nonqualified plans EXCEPT Ans✓✓✓ Tax deductibility
,A long-term care insurance shopper's guild must be provided in the
format developed by the Ans✓✓✓ NAIC
A long-term care insurance suitability letter would be issued to inform
the applicant or policyowner of which of the following? Ans✓✓✓ The
applicant was rejected due to not meeting the insurer's suitability
standard
A long-term care policy has been in force for over a year. Under what
circumstances could the insurer rescind the policy? Ans✓✓✓ The
insured intentionally gave information that had direct bearing on policy
acceptance and benefit coverage?
A long-term care policy owns a spacious home that needs routine
maintenance that he is unable to do. Futhermore, shopping has become
difficult because he no longer drives and often does not have
transportation. Just managing his prescriptions is a chore. What kind of
facility might he consider at this time? Ans✓✓✓ Assisted living
A medicare recipient is confined to a skilled facility for a period of 114
days. The patient will be responsible for the FUL cost of care in the
facility for how many days? Ans✓✓✓ 14?
A person may convert a group long-term care policy to an individual
long-term care policy by paying the premium and providing an applicant
within how many days after group policy termination? Ans✓✓✓ 31?
, A person might consider purchasing a long-term care policy for all of
the following reason EXCEPT Ans✓✓✓ ***Maintaning a sense of
independence?
As a supplement to Social Security retirement income
A person who is generally healthy would like to live independently, in a
leased of purchased home within an age-restricted community. This
person requires some assistance that can be provided by a part-time
visiting nurse. This person would be a candidate for which of the
following? Ans✓✓✓ Assisted living facility?
A personal who is generally healthy would like to live independently, in
a leased or purchased home within an age-restricted community. This
person requires some assistance that can be provided by a part-time
visiting nurse. This person would be a candidate for which of the
following? Ans✓✓✓ Assisted-living facility?
A policyowner's long-term care plan covers all levels of care, including
skilled nursing, custodial, hospice, and adult care. Rank these care levels
in the most typical progression from the lowest to terminal care
Ans✓✓✓ Adult day care, custodial, skilled nursing, hospice
A report ordered by underwriting shows an applicant has been arrested
for drunk driving 3 times.What type of hazard has the applicant
exhibited? Ans✓✓✓ morale
(8HRS) questions with accurate answers
"Similar policy form" Ans✓✓✓ Adult care benefit
A 50-year-old purchases a long-term care policy with a $100 daily
benefit with an annual premium of $1,000. At age 57, he loses his job
and can no longer afford the premium. Under the extended term benefit
option, the policyholder will receive a benefit period for what length?
Ans✓✓✓ 70 days?
A company is replacing their current group long-term care plan.
According to regulations, the company must ensure that all of the
following conditions are met EXCEPT Ans✓✓✓ Additional coverages
may be provided as long as there is no rate increase
A company receives $20 million in premiums during the year and pays
out $12 million in claims. What is the company's loss ratio? Ans✓✓✓
60%?
A company replaces its group long-term care policy with a policy equal
or better benefits. Regarding the issue age factor, how will premiums be
determined? Ans✓✓✓ The individual's age attained age at the time of
the replacement policy?
A group long-term care insurance plan was terminated by the employer.
The insurer converted the employee's plan, but reduced the benefits and
,the premium. Which of the following is most likely true? Ans✓✓✓ The
employee is covered by another policy at the time of conversion
A husband has one long-term care plan and his wife has another. The
husband's plan pays an indemnity of $150 per day and the wife's plan
pays 50% of the daily rate. If they are both in care facility that charges
$250 per day, how much per day will they pay out of their own pocket
after elimination period? Ans✓✓✓ $225
A long-term care insurance prospect accepts a policy with many
features. What can the policyowner expect? Ans✓✓✓ Coverage for
care in a variety of care settings?
A long-term care insurance prospect compares 2 similar policies and
discovers that one offers home health care services and the other does
not. Home health care coverage features all of the following EXCEPT
Ans✓✓✓ Benefits limited to Medicare certified agencies
A long-term care insurance prospect completes a financial analysis
showing that their net assets total $325,000. The agent should conclude
that Ans✓✓✓ The prospect is suitable for long-term care plan?
A long-term care insurance prospect is comparing a tax-qualified plan
with a nonqualified plan. All of the following would be considered
advantages for nonqualified plans EXCEPT Ans✓✓✓ Tax deductibility
,A long-term care insurance shopper's guild must be provided in the
format developed by the Ans✓✓✓ NAIC
A long-term care insurance suitability letter would be issued to inform
the applicant or policyowner of which of the following? Ans✓✓✓ The
applicant was rejected due to not meeting the insurer's suitability
standard
A long-term care policy has been in force for over a year. Under what
circumstances could the insurer rescind the policy? Ans✓✓✓ The
insured intentionally gave information that had direct bearing on policy
acceptance and benefit coverage?
A long-term care policy owns a spacious home that needs routine
maintenance that he is unable to do. Futhermore, shopping has become
difficult because he no longer drives and often does not have
transportation. Just managing his prescriptions is a chore. What kind of
facility might he consider at this time? Ans✓✓✓ Assisted living
A medicare recipient is confined to a skilled facility for a period of 114
days. The patient will be responsible for the FUL cost of care in the
facility for how many days? Ans✓✓✓ 14?
A person may convert a group long-term care policy to an individual
long-term care policy by paying the premium and providing an applicant
within how many days after group policy termination? Ans✓✓✓ 31?
, A person might consider purchasing a long-term care policy for all of
the following reason EXCEPT Ans✓✓✓ ***Maintaning a sense of
independence?
As a supplement to Social Security retirement income
A person who is generally healthy would like to live independently, in a
leased of purchased home within an age-restricted community. This
person requires some assistance that can be provided by a part-time
visiting nurse. This person would be a candidate for which of the
following? Ans✓✓✓ Assisted living facility?
A personal who is generally healthy would like to live independently, in
a leased or purchased home within an age-restricted community. This
person requires some assistance that can be provided by a part-time
visiting nurse. This person would be a candidate for which of the
following? Ans✓✓✓ Assisted-living facility?
A policyowner's long-term care plan covers all levels of care, including
skilled nursing, custodial, hospice, and adult care. Rank these care levels
in the most typical progression from the lowest to terminal care
Ans✓✓✓ Adult day care, custodial, skilled nursing, hospice
A report ordered by underwriting shows an applicant has been arrested
for drunk driving 3 times.What type of hazard has the applicant
exhibited? Ans✓✓✓ morale
