All of the following are requirements for qualified long-term care plans, EXCEPT:

a. The individual must be unable to perform at least two ADLs.

b. The individual must be severely cognitively impaired.

c. The individual must require long-term care for at least 30 days.

d. Nonforfeiture options and inflation protection must be provided.

Answer: c. The individual must require long-term care for at least 30 days.

Pre-Licensing Insurance

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The voluntary relinquishment of a legal right is called
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