Chapter 19-LTC

Question 1

a need for assistance with 2 out of 6 ADLs for at least 90 days; or severe cognitive impairment

Answer 1

Benefit Triggers

Question 2

eating, toileting, transferring, bathing, dressing or continence

Answer 2

Activities of Daily Living

Question 3

highest level of care provided by a nursing facility

Answer 3

Skilled nursing care

Question 4

care in the home

Answer 4

Home health care

Question 5

care in day care center

Answer 5

Adult day care

Question 6

must be offered when selling LTC policies, but may be denied by the applicant

Answer 6

Inflation Protection

Question 7

establishing whether the product is appropriate for the individual

Answer 7

Suitability

Question 8

general information about LTC product and written by NAIC; must be left behind with signature obtained to establish that the guide was left behind

Answer 8

LTC Shoppers Guide

Question 9

Medicaid and private company provide consumer protection against asset depletion

Answer 9

Partnership Plans

Question 10

minimum benefit period

Answer 10

12 months

Question 11

preexisting condition period max

Answer 11

6 months

Question 12

free look period

Answer 12

30 days