Long Term Care Policies

Which of the following provides a level of care between custodial care and skilled nursing care

Intermediate care

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

For personal long term care insurance for a 65 year old individual, premiums are deductible to the extent they exceed what minimum percentage of adjusted gross income?

7.5%

Regarding long term care coverage, as the elimination period gets shorter, the premium

Gets higher

long term care insurance

May not be right for everyone

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

nonforfeiture benefit

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

Advertising material

Occasional visits by which of the following medical professionals will not be covered under under LTCs home health care?

Attending physician

Every insurer providing long term care insurance in North Carolina is required to issue a shopper's guide

Before sale

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

Which of the following types of LTC is not provided in an institutional setting

Home health care

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

Hospital

North Carolina resident has elected to purchase a long term care insurance option which can increase the maximum daily and lifetime benefits by 5% compounded in each year. this option is

Known as inflation protection

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

Long term care insurance

a long term care policy provision that offers a guarantee that certain policy benefits will remain available even if the insured stops paying premiums is known as a

Nonforfeiture feature

If a premium rate on the insured's long term care policy was increased, the insured may exercise all of the following options except

Pay the increased premium but require the increase in coverage from the insurer

Long term care is primarily

Personal care

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

Skilled nursing care

Regarding long term care policies, which of the following would NOT be included in activities of daily living?

Sleeping

reasons to purchase a long term care policy include

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

An insured has a long term care policy that includes a rider that states that should he be in a nursing home for 90 consecutive days he can stop his premium payment. this rider is known as

Waiver of premium

Care for eating dressing bathing incontinence, also known as personal care, is called

custodial care

In long term care (LTC) policies, as the benefit lengthens, the premium

increases

A long term care policy that is guaranteed renewable means that

premiums may be increased

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

12 months

In this state long-term care benefits are payable if an insured is unable to perform at least how many activities of daily living (ADLs)?

2 ADLs

What is the minimum number of levels of care that long term care policies must provide

3 levels of care

Long term care policies must be issued as

Guaranteed renewable

A North Carolina resident has a long term care policy. According to the contract the company can never raise premiums. what kind of policy is this?

Noncancellable and guaranteed renewable