36. Jack and John are both 62 years old, and both own a long-term care insurance policy. Jack"s policy is tax qualified; John's policy is not tax qualified. What might Jack be able to do that John cannot? 3. deduct a portion of his policy's premiums b. receive policy benefits if care can be given in his home instead of a care facility c. qualify for policy benefits if he experiences a loss of cognitive function d. renew his policy regardless of his health 37. All of the following are requirements for a tax-qualified long-term care policy EXCEPT: a. the policy must offer the buyer the option to purchase Inflation protection b. the policy must provide either an ADL benefit trigger or a cognitive impairment benefit trigger, but not both c. the policy must be issued as guaranteed renewable or noncancelable d. the policy must include some measure for lapse protection, such as third-party notification 38. Which of the following provisions automatically increases the amount of coverage available from an ITCI policy every year? a. waiver of cost b. daily benefit adjustment c. increased pool of money d. inflanon protection 39. In 2016, Wesley purchased an LTCl policy with a maximum benefit amount of $400,000 and a resteration of benefits period of sik years. Within a few months of purchasing the policy. he fell victim to a disease that lasted for a year, during which time he received insurance benefit payments totaling $150,000. Since that time, Wesley fited no other claims. Today. What is the total amount of policy benefits available to Wesley under this policy? a. $350,000 b. $400,000 c. $500,000 d. No further benefits are available. 40. The pre-existing condition waiting period for most long-term care policies is limited to no longer than what amount of time? a, three months b. six months c. nine months d. one year