91 37% 12:02 PM Fri Jul 31 21. Liza owns a tax-qualified long-term care policy. All of the following statements are true EXCEPT: O a. her coverage will continue as long as she pays the premiums when they're due b. the premiums she pays for the policy are eligible for the medical expense tax deduction c. either a cognitive impairment or ADL impairment will trigger payment of policy benefits od. she was required to purchase inflation protection 22. Oliver's LTC policy covers only home and community-based care and pays nothing for treatment in a skilled nursing or other facility. What kind of LTC policy does Oliver own? O a. facility-challenged b. substandard O c. tier 1 od. noncomprehensive 23. Seth's LTCI policy will pay him a daily benefit of $150 and a lifetime maximum based on five years. What is the pool of money under this policy? O a. $182,500 b. $295,000 c. $250,700 d. $273,750 24. How long is the grace period for most LTCI policies before they lapse for nonpayment of premium? O a. 5 days ob. 10 days c. at least 15 days d. at least 31 days 25. 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 OC. nine months d. one year