LTC Exam Questions And Answers
QuietCare® is long-term insurance offered through Northwestern Long Term Care
Insurance Company (a subsidiary of The Northwestern Mutual Life Insurance
Company), and the Accelerated Care Benefit is offered through The Northwestern
Mutual Life Insurance Company...
LTC Exam Questions And Answers QuietCare® is long -term insurance offered through Northwestern Long Term Care Insurance Company (a subsidi ary of The Northwestern Mutual Life Insurance Company), and the Accelerated Care Benefit is offered through The Northwestern Mutual Life Insurance Company. - ANS-True NLTC is required to offer inflation protection with benefit levels that increase 5% comp ounded annually. - ANS-true The NM ACB rider does not include inflation protection coverage. - ANS-True QuietCare® policies are guaranteed renewable, which means: - ANS-d. Both A and C A medical condition that is progressive in occurrence, long -term in duration, and non -
rehabilitative in nature is known as a: - ANS-Chronic The following statements are true about long -term care premiums: - ANS-d. Both A and B Generally, which statement(s) best describe(s) the tax treatment of tax -qualified long -
term car e insurance policies? - ANS-b. Benefits are not taxed as income A QuietCare policy is intended to be tax -qualified long -term care insurance, while the NM ACB rider is not intended to be tax -qualified long -term care insurance. - ANS-True In order to sell long -term care insurance through Northwestern Long Term Care Insurance Company and ACB through Northwestern Mutual, all of the following things must happen EXCEPT: - ANS-c. The financial representative must have a Series 6 license; valid i n the state where the sale is to be made. While many states have continuing education requirements for individuals holding an insurance license, none currently have requirements specifically addressing long -term care insurance. - ANS-False A financial re presentative can assist the underwriter in expediting the long -term care application through the underwriting process by: - ANS-All of the above Although each state has its own rules regarding replacement, the following is true in all states for QuietCare ®and NM ACB: - ANS-Both A and B Both QuietCare® and the NM Accelerated Care Benefit protect the insured by paying: - ANS-b. Expense -Reimbursement Benefits
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