Long term care policies

How many consecutive months of coverage must LTC insurance provide in this state?

12 months

What is the required free-look period in long-term care policies issued in this state?

30 days

The long-term care insurance outline of coverage includes all the following except

Advertising material

All of the following are covered by a long-term care policy except

Alcoholism

Every insurer providing long-term care insurance in North Carolina is required to issue a Shopper's Guide

Before the sale

Long-term care policies must be issued as

Guaranteed renewable

Which of the following provisions states that a company cannot cancel or nonrenew coverage because of a person's health or age, but that premiums can be increased?

Guaranteed renewable

Long-term care is care provided in all of the following facilities except

Hospital

Which of the following is true regarding a Suitability Personal Worksheet for long-term care insurance?

It must be submitted with an application for LTC insurance

In a long-term care policy, which of the following terms can only be used when the insurer does not have the right to change the premium?

Level premium

Any contract of insurance offering institutional and noninstitutional support to restore deteriorating health and to maintain functional independence is

Long-term care insurance

All of the following are provisions of a tax qualified long-term care policy except

Medical necessity can be used as a trigger for benefits

An optional long-term care insurance benefit that provides a reduced paid-up benefit amount is the

Nonforfeiture benefit

A long-term care policy may exclude coverage for

Pre-existing conditions

Round the clock care, supervised by a registered nurse or licensed practical nurse, prescribed by a doctor is a definition of

Skilled nursing care

Reasons to purchase a long-term care policy include

To make sure the insured can choose the type of care they get

According to the definition of activities of daily living, moving into or out of a bed, chair or wheelchair is called

Transferring

Knowingly making any misleading representation or incomplete or fraudulent comparisons of any insurance policies for the purpose of inducing an insured to surrender, terminate or convert an insurance policy or to take out a policy of insurance with another insurer, is an unfair practice known as

Twisting