Question: Question #11 Of 45 Which Of The Following Statements About Viatical Settlements Is TRUE? A) The Proceeds Received By The Insured Under The Arrangement Are Generally Taxable As Income B) The Purchaser Of The Insured’s Life Insurance Policy Under The Arrangement Receives The Entire Death Benefit When The Insured Dies. O C) The Insured Receives The Entire …

Question #11 of 45 Which of the following statements about viatical settlements is TRUE? A) The proceeds received by the insured under the arrangement are generally taxable as income B) The purchaser of the insured’s life insurance policy under the arrangement receives the entire death benefit when the insured dies. O c) The insured receives the entire face value of the policy under the arrangement D) The arrangement allows the insured to maintain ownership of the life insurance policy Question #12 of 45 The waiver of premium provision in Betty Wilson’s LTC policy permits her to cease paying premiums O A) when she is in a nursing home and the insurer has begun paying benefits O B) when her countable assets are under $2,000 OC) when she becomes eligible for Medicaid benefits OD) any time she is ill Questions Question #13 of 45 What exists between two states when a person with a partnership policy can move to another state after buying the policy, and the insurance will still be in effect? A) Aliance B) Reciprocity O c) Interstate trade OD) Treaty Next Question #15 of 45 The caregiver training benefit is for O A) training formal caregivers O B) training informal caregivers C) reimbursing formal caregivers for the cost of providing care D) reimbursing informal caregivers for the cost of providing care Question #23 of 45 Under long-term care insurance contracts, an elimination period is OA) the maximum benefit period O B) a time deductible OC) a requirement for prior hospitalization OD) the exclusionary period for preexisting conditions