semplr.

Exams · Certifications · Licensing

Life and Health Insurance Producer Exam

Long-term care (ME): practice questions

Our Life & Health Insurance bank has 4 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

Start the free mock exam

Question 1 · Maine

Under Rule ch. 425, before an individual long-term care policy is issued, what must the insurer receive from the applicant?

  1. Proof that the applicant is not eligible for Medicaid
  2. A copy of the applicant's latest tax return
  3. A physician's statement of current health
  4. A designation of at least one other person to receive lapse notices, or a signed waiver
Show the answer

D. A designation of at least one other person to receive lapse notices, or a signed waiver — 02-031 C.M.R. ch. 425, §7(A)(1).

Question 2 · Maine

Which of these is a Maine long-term care policy prohibited from requiring?

  1. A prior hospital stay as a condition for any benefits
  2. A doctor's certification of the need for care
  3. An application signed by the applicant
  4. Payment of premiums when they are due
Show the answer

A. A prior hospital stay as a condition for any benefits — 24-A M.R.S. §5051-A(1)(C).

Question 3 · Maine

What free-look period applies to a long-term care policy in Maine?

  1. 21 days, then a pro rata refund
  2. 30 days
  3. 45 days after the first claim
  4. 10 days from the policy date
Show the answer

B. 30 days — 24-A M.R.S. §5052-A.

Question 4 · Maine

Under Rule ch. 425, what inflation protection must be included in a long-term care policy unless the policyholder signs a rejection?

  1. Increases tied to the Social Security cost-of-living adjustment
  2. None; inflation protection is only an optional rider
  3. 5% compound annual increases
  4. 3% simple increases, added every third policy year
Show the answer

C. 5% compound annual increases — 02-031 C.M.R. ch. 425, §13(A)(1) and (G).

More Life & Health Insurance topics