CCR ($500 is for FINAL JEOPARDY - NOT CCR RELATED)
100
The elimination period for home care when you use a care coordinator
What is 20 days
100
The type of insurance product that AP is registered as (ie. term life, whole life, universal life, tax qualified long term care).
What is a Universal Life Contract
100
The only AAA rated carrier with three different LTC solutions.
What is New York Life
100
The rider that returns any unused premiums to a named beneficiary in the case you don't use any LTC or you use less LTC benefit than premiums you paid into the contract.
What is the Legacy Benefit Rider
100
This is the minimum face amount of a CWL or WL where we can issue with the CCR
What is $100,000
200
The year the illustrated dividend kicks in and starts reducing premium and/or buying CPI offers?
What is year 11 of the contract
200
The only elimination period associated with AP.
What is 90 Days
200
Over 70% of our claims start here.
What is the home.
200
The percentage discounted when two Partners apply for coverage simultaneously and take/qualify for coverage. (Formerly known as the marital discount)
What is 25%
200
The three benefit periods that are associated with CCR (hint: they are measured in months, not years).
What is 25, 50 and 100 months.
300
This rider, for healthy couples that apply for identical coverage together adds a third pool of money that either can access if they exhaust their own.
What is the Shared Care Rider
300
The smallest face amount of an AP that we can place
What is $24,000
300
The average purchaser of this product is about 63 years old.
What is Asset Preserver
300
The benefit that refills your pool of money at the rate of 100 times the daily benefit every year if you were to come off of claim.
What is Restoration of Benefits
300
The oldest age that we can add CCR.
What is 70 years old.
400
The amount of World Wide Coverage provided
What is 100 days
400
The oldest age (insurance age) we can place an AP on.
What is insurance age 80.
400
The current company who is the number one seller of LTC.
What is NWM
400
The longest benefit period that is currently offered for LTC contracts.
What is 7 years
400
This is the maximum amount of CCR that can be added to a WL or CWL policy
What is $1,000,000.
500
This benefit has a zero day elimination period and allows for unlicensed care givers to get compensated via the LTC contract.
What is Informal Care
500
This benefit is equal to 10% of the face amount. At the death of the insured, the greater of this benefit or the remaining death benefit will be paid to the policy beneficiary.
What is the Residual Death Benefit
500
The six activities of daily living.
What are bathing, eating, dressing, transferring, toileting and continence
500
The amount of money allocated to in home support equipment at initial purchase of an LTC contract.
What is $4,000
500
The average annual premium size in 2016 for a LTC contract (within $150 below or above).