Long-term care insurance differs from Medigap in which of the following ways?

a. Long-term care insurance must be guaranteed renewable.

b. Long-term care insurance provides custodial care.

c. Long-term care insurance may impose a 6-month pre-existing condition exclusion.

d. Long-term care insurance must provide a 30-day free look period.

Answer: b. Long-term care insurance provides custodial care.

Pre-Licensing Insurance

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Which of the following terms best describe the coverage provided by term policies, as compared to any other form of protection?
All of the following are considered limited lines of authority EXCEPT
What is the other term for the cash payment settlement option?
The pro rata liability clause is designed to protect the principle of
What does the Group Life underwriting risk selection process help protect insurance companies from?
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The voluntary relinquishment of a legal right is called
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Which nonforfeiture option provides coverage for the longest period of time?
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The requirement that agents not commingle insurance monies with their own funds is known as
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