22/23 Mock Exam Flashcards
How are pure protection long term care policies treated by the FCA?
They are treated as high risk products and subject to the same regulation as investment plans
Who is usually responsible for provision of long term care in the home?
Local authority
Individuals receiving hospital care by the NHS have what level of dependency?
High
If an individual makes a decision in advance to refuse treatment for a condition and he
subsequently becomes mentally incapable, which test, other than validity, must be applied before
that decision is upheld?
A. Applicability.
B. Probability.
C. Responsibility.
D. Timeliness.
A. Applicability.
What are the tax benefits of a pre-funded long term care insurance policy?
Benefits are paid free of income tax - regardless of if to provider or individual
Are IHT Policys included in the financial assessment to pay care fees?
Yes they are included
Who is entitled to execute a statutory will?
The Court of Protection
How are LTC claims based on mental or cognitive impairment assessed?
The individual is required to undergo a mini mental state examination
Basic personal care is means tested in every country except which?
Scotland
