Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CURANDOLOTOUCH74CPS*6$bos5d1trc5dZd44954ZDZ 12pt. 33. All of the following could be new state partnership-qualified LTCI policies EXCEPT: O a. Policy A-compound annual inflation protection for those under

image text in transcribed
CURANDOLOTOUCH74CPS*6$bos5d1trc5dZd44954ZDZ 12pt. 33. All of the following could be new state partnership-qualified LTCI policies EXCEPT: O a. Policy A-compound annual inflation protection for those under age 61 ob. Policy B-simple or compound annual inflation protection for those age 61 through 75 oc. Policy C-simple annual inflation protection optional for applicants older than 75 d. Policy D-simple annual inflation protection available for all ages as an option 34. All of the following insureds purchased a long-term care insurance policy after 2000. Based solely on the information given, who does not own a tax-qualified LTCI policy? a. Barry's LTCI policy offers no nonforfeiture benefit. b. Ashley's LTCI policy began to pay after 90 days of incontinence and the inability to eat unaidied C. Emily's policy began to pay after 90 days of being unable to bathe or dress unaided. d. Chris's policy began to pay when he developed a cognitive impairment. 35. Peter owns a partnership-qualifted LTC insurance policy that provides a nursing home care benefit of $100 per day. The policy also includes a home and community care DRA), what is the

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Emerging Markets And Financial Resilience Decoupling Growth From Turbulence

Authors: C. Hooy, R. Ali, HooyChee-Wooi, S. Ghon Rhee

2nd Edition

1137266600, 9781137266606

More Books

Students also viewed these Accounting questions

Question

What is your opportunity cost of reading a novel this evening?

Answered: 1 week ago

Question

2. What different pathways can occur in sexual development?

Answered: 1 week ago