Chapter 6

Question 1

When do immediate needs annuities typically start to be paid?

Answer 1

After the 30 day cooling off period

Question 2

Is hearing typical assessed as part of a mini mental state examination?

Answer 2

No

Question 3

Which type of LTCI doesn’t typically offer assistive devices?

Answer 3

An immediate need annuity

Question 4

When underwriting an immediate need annuity, the main focus is on the applicants…

Answer 4

Mortality

Question 5

Employment and Support Allowance (ESA) is designed to…

Answer 5

Help people with disability and illness under state pension age that affects how much they can work

Question 6

If someone is receiving Attendance Allowance and they go into self-funded care in England, what happens to the AA payments?

Answer 6

It will continue as long as they qualify

Question 7

If someone is left needing constant long term care following a recent road accident, what benefit could they apply for?

Answer 7

Personal Independence Payment

Question 8

Capital of less than how much will be ignored when assessing someone’s eligibility for Pension Credit?

Answer 8

£10,000 (tariff income is £1 for every £500 above this)

Question 9

Where income exceeds the £10,000 threshold, how will tariff income be calculated?

Answer 9

It will be calculated based on £1 per £500 of capital above £10,000 (and rounded up)