Overall
traditional long term insurance
hybird long-term care insurance
Life insurance with a long-term care rider
Random Long term Care
100

At what age do you get long-term care insurance? 


What is around age 65.  



100

True, false: A life insurance policy typically involves two parties: the owner and the insurance company. The owner controls the policy and pays the premium.

true

100

what is LTC?

Long term care

100

What types of services may NOT be provided under the long-term care's assisted living care?


Visits by a registered nurse

100

What is a benefit of having a will? 



What are nominating people to handle your estate, guardians for your children, you can give your personal valuables to whoever you wish, etc. 



200

True or false a good long-term care insurance will include in-home care? 

What is true.  



200

what is STOLI?

stranger-owned life insurance

200

What is intermediate care?

Involves daily nursing and rehabilitative care that can be provided only under a doctor's supervision by medical personnel



200

Which renewal provision(s) must be included in a long-term care policy issued to an individual?


Noncancellable and guaranteed renewable



200

True or false good identity theft protection includes restoration services? 


What is true. 



300

True or false long-term care insurance is the same as disability insurance?



What is false.  



300

What is IOLI?

investor-owned life insurance

300

whats the age for LTC Eligible Age Groups?


65 years old and older



300

What is the "elimination period" under a long term care policy?


The amount of time during which no benefits will be paid.

300

How do you become self insured? 



What are getting out of debt, fully funded emergency fund, investing and growing your wealth.  



400

What is long-term care insurance? 



What is to ease the financial load linked with LTC services and support


400

Who normally owns life insurance used to meet business insurance needs?

the business



400

What is the LTC Policy Period?


3 to 5 years



400

How many long-term care policies can be sold to an insured within a 12-month period before the number of policies is considered to be unnecessary?


2

400

When is renters insurance necessary? 



Anytime you rent a home. 



500

What percentage of people over the age of 65 will need long-term care at some point? 



What is 69%.



500

what is the bring back rule?

To avoid inclusion in the insured's estate, it is best to set up the third-party ownership when the policy is issued.

500

what are LTC Underwriting Considerations?


General health
Age at inception
Medical history
Occupation
Avocations
General lifestyles



500

In long-term care insurance, what type of care is provided with intermediate care?


Occasional nursing or rehabilitative care



500

What is the purpose of insurance?



What is to transfer risk away from yourself and put it on the insurance companies.