22/23 Mock Exam Flashcards

1
Q

How are pure protection long term care policies treated by the FCA?

A

They are treated as high risk products and subject to the same regulation as investment plans

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2
Q

Who is usually responsible for provision of long term care in the home?

A

Local authority

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3
Q

Individuals receiving hospital care by the NHS have what level of dependency?

A

High

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4
Q

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

A. Applicability.

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5
Q

What are the tax benefits of a pre-funded long term care insurance policy?

A

Benefits are paid free of income tax - regardless of if to provider or individual

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6
Q

Are IHT Policys included in the financial assessment to pay care fees?

A

Yes they are included

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7
Q

Who is entitled to execute a statutory will?

A

The Court of Protection

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8
Q

How are LTC claims based on mental or cognitive impairment assessed?

A

The individual is required to undergo a mini mental state examination

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9
Q

Basic personal care is means tested in every country except which?

A

Scotland

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