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1.
Cognitive impairment and physical infirmity are examples of _______.
Benefit triggers. Benefit triggers include cognitive impairment and physical infirmity.
2.
Which of the following best describes the maximum daily benefit that a long-term care insurance policy provides?
The maximum the policy will pay for any day that you are eligible for benefits. The maximum daily benefit is the maximum the policy will pay for any day that you are eligible for benefits.
3.
In long-term care insurance, the term GUARANTEED RENEWABLE means _______.
The policy cannot be canceled or modified by the company as long as the premiums are paid. As long as the insured pays the premium on time, the insurance company must maintain the policy in force without any change in coverage unless the insured agrees.
4.
Which of the following long-term care insurance benefit extras pays for an advocate who assists with developing a plan of care to monitor its performance?
Care coordinator. The care coordinator assists with developing a plan of care, making arrangements with care providers and monitoring their performance.
5.
Which type of long-term care policy pays benefits from a pool of funds based upon the amount of the claim?
Reimbursement. Reimbursement policies pay benefits based upon the amount claimed and the pool of available funds.