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Question #23 of 45 State partnership programs are a joint effort between A) the state and Social Security B) state governments and insurance companies O C) the state and the U.S. Department of Labor OD) the state and long-term care facilities Question #24 of 45 Which of the following statements about outlines of LTC coverage is FALSE? O A) Outlines describe the policy’s benefits and coverage OB) Outlines describe premium cost eligibility conditions, and renewability requirements C) Outlines provide all of the information an insurance professional will need to make a valid comparison between policies. D) All states mandate that insurers provide consumers with outlines of insurance coverage Question #26 of 45 When Mrs. Fuller selects a long elimination or waiting period over a short elimination period, her LTC premium will be OA) guaranteed B) waived O C) lower OD) higher ✓ Question #27 of 45 All of the following would decrease the premium for an LTC policy EXCEPT O A) decreasing the daily benefit O B) increasing the elimination period C) decreasing the benefit period D) adding the inflation option Question #28 of 45 Which of the following statements about viatical settlements is TRUE? O A) The arrangement allows the insured to maintain ownership of the life insurance policy B) The insured receives the entire face value of the policy under the arrangement. O C) The purchaser of the insured’s life insurance policy under the arrangement receives the entire death benefit when the insured dies OD) The proceeds received by the insured under the arrangement are generally taxable as income. Question #30 of 45 Which of the following is a formal caregiver? O A) Registered nurse OB) Parent C) Friend D) Volunteer Previous
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