Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Kieran CF8 > Mock Paper 1 > Flashcards

Mock Paper 1 Flashcards

1
Q
  1. Which is part of the Care Quality Commission’s role?
A

B. Using enforcement powers if standards are not being met

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q
  1. How does the FCA/PRA regulate pure protection contracts for long term care?
A

A. In the same way as “designated investments”

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q
  1. If a complaint by a client about a long-term care adviser is NOT addressed by a firm to the client’s satisfaction, they then have the right to refer their complaint to the … ?
A

A. Financial Ombudsman Service

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q
  1. With regard to additional contributions where an individual selects a more expensive care home than the local authority would normally provide based on their assessed needs, what is true…
A

A. Someone else can pay the difference between the care home fees and the local authority contribution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q
  1. Jo, aged 70, is highly dependent on others for both her medical and personal care. What care provision is likely needed?
A

Nursing home care

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q
  1. Which type of care provision would be regarded as being most suitable for Anne, aged 67 who has low dependency needs and wants to live independently but with the reassurance that help is close at hand in case of emergency?
A

D. Sheltered accommodation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q
  1. What is an example of continuing NHS health care?
A

A. Palliative care

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q
  1. Which Act makes local authorities responsible for promoting individual wellbeing?
A

D. Care Act 2014

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q
  1. The purpose of the Single Assessment Process for people needing long term care is to?
A

A. Ensure they receive the care they require for both health and social care needs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q
  1. Which is an example of social care?
A

C. Meals on wheels

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q
  1. What is funded based on assessed need only and disregards the level of a person’s income and capital?
A

C. Continuous health care

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q
  1. Maureen, who lives in England, is assessed as eligible for nursing care funded by the National Health Service. Who is primarily responsible for its payment?
A

C. Her GP’s Clinical Commissioning Group

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q
  1. The primary legislation which governs the provision of care in the UK today is the … ?
A

A. Care Act 2014

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q
  1. If social care is provided as part of an intermediate care package by a Local Authority, how long can this be provided free of charge in England?
A

B. 6 weeks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q
  1. What is the main provision of the Community Care and Health (Scotland) Act 2002?
A

A. That financial help is provided for adult personal care of permanent residents in Scotland who have been assessed as needing care

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q
  1. How is tariff income calculated where the value of capital falls between the upper and lower capital limits for the contribution towards care assessment process?
A

D. Capital is translated into tariff income based on £1 for each £250 or part thereof between the lower and upper limit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q
  1. For how long is an individual’s main home disregarded following permanent admission to residential accommodation?
A

C. 12 weeks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q
  1. Under the Care Act 2014, in England after paying domiciliary care an individual must be left with an amount equal to:
A

C. the rate of income support or Pension Credit they are eligible for

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q
  1. What type of assessment does a local authority carry out before someone is able to receive domiciliary care in their own home?
A

Needs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q
  1. A comprehensive Private Medical Insurance policy will sometimes provide cover for which of the following in the context of long-term care provision?
A

A. Home Nursing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q
  1. What is the general term for the use of existing pension arrangements to fund care costs?
A

A. Decumulation options

22
Q
  1. What benefit might a member of a defined benefit (final salary) pension scheme who requires long term care before reaching retirement age under the scheme be able to access?
A

Ill health early retirement benefits

23
Q
  1. Barney appointed his son Nick as his attorney under an Enduring Power of Attorney (EPA) in 2005. What must Nick do if he believes that Barney is losing mental capacity?
A

C. Arrange for the EPA to be registered with the Court of Protection

24
Q
  1. Which of the following becomes ineffective after a client has lost mental capacity?
A

C. Ordinary Power of Attorney

25
Q
  1. Soraya is resident in a care home and has appointed her husband Rachid as her attorney under an Ordinary Power of Attorney. If Soraya loses mental capacity, who would then be responsible for her affairs?
A

D. A deputy appointed by the Court of Protection

26
Q
  1. The Office of Care and Protection is the administrative arm of the Court of Protection in?
A

C. Northern Ireland only

27
Q

hat is considered to be best practice for an attorney under an EPA/LPA to avoid potential financial abuse of the donor?

A

C. Keep the donor’s money and finances completely separate from the attorney’s

28
Q
  1. Which of the following is a feature of an Enduring Powers of Attorney?
A

D. Can be used prior to being registered

29
Q
  1. Dorothy took out a Long Term Care Bond in 2021 and moved into a residential care home in 2021 at which time she made a claim on her policy. How are the benefits taxed for income tax purposes if paid to the care provider?
A

C. The benefits will be tax free

30
Q
  1. Boris took out a long-term care bond some years ago. How are any 5% ‘income’ withdrawals under the bond taxed?
A

C. They can be made without an immediate tax liability

31
Q
  1. What is the income tax position if the benefits from a pre-funded long term care insurance policy are paid directly to the policy holder?
A

A. No tax payable

32
Q
  1. Betty, a higher rate taxpayer, has purchased an immediate needs care plan to part­fund her domiciliary care costs. She has arranged for the benefits to be paid directly to her as she uses a number of care providers. How will the benefits be taxed? Assume she has no personal savings allowance remaining.
A

D. The capital element is free of income tax and the interest element will be taxed at source at 20%, with Betty liable to a further 20% via self-assessment

33
Q
  1. Don, who has never been married or had children, has recently sold his property for£500,000 before moving into residential care - he has no other assets and does NOT have sufficient income to fund all of his care costs. How could an Immediate Needs annuity be advantageous for Inheritance Tax (IHT) planning purposes?
A

C. An immediate needs annuity with a purchase price of £175,000 or more would reduce his total estate to less than the IHT nil rate band of £325,000 removing any potential IHT liability

34
Q
  1. What is the advantage in a couple holding their family home as tenants in common rather than joint tenants where one spouse is in locally authority funded residential care and one spouse continues to live there?
A

C. So that the full value of the property does not become capital of the partner in residential care if the other partner predeceases them

35
Q
  1. Amanda, who lived in England, has died without leaving a will. She was married but had no children and has two surviving brothers and no other relatives. How will her estate of £650,000 be distributed under the laws of intestacy?
A

A. Entire estate absolutely to her spouse

36
Q
  1. When can a Property and Financial Affairs Lasting Powers of Attorney (LPA) be used by the Attorney?
A

A. Only when it has been registered with the Office of the Public Guardian

37
Q
  1. Which of the following statements regarding the requirements for a deed of variation to be effective for IHT planning is false?
A

D. It must be signed by all the beneficiaries of the will

38
Q
  1. The primary aim of estate planning is to:
A

C. Maximise the value of the estate that can be passed on to heirs

39
Q
  1. How is cognitive impairment defined?
A

C. Significant deterioration or loss of intellectual capacity from an organic cause

40
Q
  1. Activities of Daily Living (ADLs) are?
A

A. Activities used to test eligibility for long term care benefits

41
Q
  1. What is the most significant factor behind regional differences in the cost of local authority funding levels for residential care?
A

A. Residential home fees

42
Q
  1. Local Authorities make financial assessments for long term care funding based on what?
A

A. Care and Support (Charging and Assessment of Resources) Regulations

43
Q
  1. Fiona, age 70, has been assessed as needing care in a care home, and is about to move into a home in Scotland on a self-funded basis. What financial assistance can she expect to receive?
A

A. Flat rate contributions towards both nursing care and personal care

44
Q
  1. If an individual is assessed as requiring a wheelchair, this will usually be provided on what basis?
A

A. Free of charge on long term loan from the NHS to all qualifying individuals

45
Q
  1. Chloe has given up work to look after her aged mother, who is in receipt of full rate Attendance Allowance, on a full-time basis. Which benefit may Chloe be eligible to claim?
A

B. Carer’s Allowance

46
Q
  1. Which of the following statements is true regarding Employment and Support Allowance (ESA) - Income Related, Support Group?
A

C. Means tested benefit - household income must be less than £16,000 per annum

47
Q
  1. Which of the following underwriting decisions is Billy, who has been diagnosed as having a condition that may cause future disability, most likely to receive if he applies for pre-funded LTCI?
A

B. Accepted with a premium loading

48
Q
  1. What is generally the length of a deferred period under a pre-funded L TC product?
A

C. 13 weeks

49
Q
  1. Which is the correct statement in relation to underwriting considerations for immediate needs and a pre-funded long term care plans?
A

D. The ability to undertake ADLs is relevant to immediate cover plans

50
Q
  1. Cassandra, aged 75, with investments totalling £250,000, is a self-funded resident of a residential home. If her healthcare needs increase, what possible effect could this have on her entitlement to assistance with funding her care?
A

B. She could become entitled to an NHS continuing care contribution

Kieran CF8 (14 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions