Question

Which of the following statements is true about a guaranteed renewable long-term care policy?

Question 6 options:

	1) Benefits are taxable.
	2) Premiums are never tax deductible.
	3) The policy is non-cancellable.
	4) Premiums cannot be increased by the insurer unless they are increased for the entire rating class.
	5) Premiums cannot increase for any reason.

Question 7 (0.5 points)

Health insurance coverage can include:

Question 7 options:

	1) group plans.
	2) workers' compensation.
	3) social security.
	4) veteran's benefits.
	5) all of the above.

Question 8 (0.5 points)

The medicare co-insurance payment is usually:

Question 8 options:

	1) 0%.
	2) 10%.
	3) 20%.
	4) 50%.
	5) None of the above

Question 9 (0.5 points)

Which type of settlement option pays for over a predetermined time frame?

Question 9 options:

	1) Lump sum
	2) Interest only
	3) Lifetime income
	4) Fixed period
	5) Fixed amount

Question 10 (0.5 points)

Your standard HO policy will not include coverage for damage done by:

Question 10 options:

	1) flood.
	2) windstorm.
	3) falling objects.
	4) wind.
	5) theft.

Answer 1

6.Which of the following statements is true about a guaranteed renewable long-term care policy?

(4)Premiums cannot be increased by the insurer unless they are incresed for entire ratings clss as it is only increased after being approved for the entire rating class.

7.Health insurance coverage can include:

( 5)all of the above including group plan, workmen compensation,social security and veteran's benefit

8.The medicare co-insurance payment is usually

(3) 20%

9.Which type of settlement option pays for over a predetermined time frame?

(4) Fixed period pays over a predetermined time frame

10.Your standard HO policy will not include coverage for damage done by:

(1) Flood as HO policy specifically excludes flood from it's coverage.