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Life and Health Insurance Producer Exam

Long-term care: practice questions

Our Life & Health Insurance bank has 7 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1

What is respite care?

  1. Short-term care that gives family caregivers a break
  2. Care provided by the insured's employer
  3. Care given only at the end of life
  4. Permanent care in a skilled nursing facility for the rest of the insured's life
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A. Short-term care that gives family caregivers a break — Many LTC policies include a respite benefit.

Question 2

What usually triggers benefits in a tax-qualified long-term care policy?

  1. Inability to perform 2 of 6 activities of daily living, or severe cognitive impairment
  2. A doctor's note that the insured is over age 65
  3. Any illness that lasts longer than 30 days
  4. A hospital stay of at least 3 days before entering care
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A. Inability to perform 2 of 6 activities of daily living, or severe cognitive impairment — ADLs include bathing, dressing, eating, toileting, continence and transferring.

Question 3

What does long-term care insurance cover?

  1. Income replacement during a short illness
  2. Hospital stays for acute illness or surgery
  3. Doctor visits and prescription drugs only
  4. Care for chronic illness or disability, such as nursing home or home care
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D. Care for chronic illness or disability, such as nursing home or home care — Benefits are often triggered by needing help with ADLs.

Question 4

What does inflation protection in a long-term care policy do?

  1. Adds a death benefit linked to inflation
  2. Increases the benefit amount over time to keep up with rising costs
  3. Pays a refund if costs fall during the year
  4. Reduces the premium when inflation is low
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B. Increases the benefit amount over time to keep up with rising costs — Compound inflation protection is often offered to younger buyers.

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