Benefits provision in long-term care care insurance policy

Assignment Help HR Management

Reference no: EM131747062

1. What is the purpose of a restoration of benefits provision in a long-term care insurance policy?

2. What is the purpose of a bed reservation benefit in a long-term care insurance policy?

3. Which of the following statements concerning the benefit period in a long-term care policy is (are) correct?

I. It begins after the elimination period is satisfied.

II. The number of days in the benefit period is multiplied by the policy’s daily benefit to determine a pool of money if such an approach is used for benefit payments.

A. I only

B. II only

C. Both I and II

D. Neither I nor II

4. Which of the following statements concerning the effect of NAIC model legislation for long-term care insurance policies is (are) correct?

I. Insurers must offer the applicant the right to purchase some type of inflation protection.

II. Insurers must base benefit eligibility on a prior hospitalization requirement.

A. I only

B. II only

C. Both I and II

D. Neither I nor II

5. Do you think you need a long-term care policy? Why or why not?

Reference no: EM131747062

Questions Cloud

Find no mention of a charitable contribution pledge : the director's meeting, and authorizes a charitable contribution pledge of $20,000 to the local community college

Identify the populations : For each of the following sampling situations, identify the population as exactly as possible. That is, say what kind of individuals the population.

Describe the meaning of an interaction for the study : Evaluation of an intervention program. The National Crime Victimization Survey estimates that there were over 400,000 violent crimes committed against women.

Interview residents of apartment complexes : Interview residents of apartment complexes. You are planning a report on apartment living in a college town. You decide to select 5 apartment complexes.

Benefits provision in long-term care care insurance policy : What is the purpose of a restoration of benefits provision in a long-term care insurance policy?

Discuss the comparison of revenues for basinger films : The comparison of revenues for Basinger films with revenues for Fenn films

Write out the contrasts for each of the given hypotheses : For men driving the old car, testosterone levels will decrease less in men who drive the old car on the highway.

Describe the use of the total body score : Briefly, describe the use of the Total Body Score relative to decomposed human remains and decomposition studies.

Using gis to identify mint field conditions : Using GIS to identify mint field conditions. A Geographic Information System (GIS) is to be used to distinguish different conditions in mint fields.

User Account

All Pages