11. Of the following, who is probably the best candidate for self-funding his own long-term care? a. Nick, who has an average income and a moderate amount of assets b. Nathan, whose wealth is above average and has few expenses c. Nigel, who is on Medicaid d. Noble, who has a moderate income but a very low net worth 12. Oliver's long-term care policy covers only services in a nursing facility and pays nothing for services provided at home or in the community. What kind of LTC policy does Oliver own? a. pure coverage b. substandard r.tien dnoncomprehensive 13. Wille is considering purchasing an LTCI policy but is confused by terminology he is not familiar with. When he asks you to explain an elimination period, how should you respond? -. II is a means of disqualifying unsuitable LTCl applicants. b. It is a way to restore benefits to the original amount available. C. It is a waiting period after becoming eligible for benefits but before benefits begin. d. It is the period during which an insured can cancel the policy and receive a full refund of premiums. 14. Ned's long-term care insurance policy provides a daily benefit amount of $100 with a benefit period of three years. Absent any special provisions, what is the maximum Ned's policy will pay out? a. $109 , 500 0. $112 , 000 c. $115 , 000 d. $121 , 600 .

1. 11. Of the following, who is probably the best candidate for self-funding his own long-term
care? a. Nick, who has an average income and a moderate amount of assets b. Nathan, whose
wealth is above average and has few expenses c. Nigel, who is on Medicaid d. Noble, who has a
moderate income but a very low net worth 12. Oliver's long-term care policy covers only
services in a nursing facility and pays nothing for services provided at home or in the
community. What kind of LTC policy does Oliver own? a. pure coverage b. substandard r.tien
dnoncomprehensive 13. Wille is considering purchasing an LTCI policy but is confused by
terminology he is not familiar with. When he asks you to explain an elimination period, how
should you respond? -. II is a means of disqualifying unsuitable LTCl applicants. b. It is a way to
restore benefits to the original amount available. C. It is a waiting period after becoming eligible
for benefits but before benefits begin. d. It is the period during which an insured can cancel the
policy and receive a full refund of premiums. 14. Ned's long-term care insurance policy provides
a daily benefit amount of $100 with a benefit period of three years. Absent any special
provisions, what is the maximum Ned's policy will pay out? a. $109 , 500 0. $112 , 000 c. $115 ,
000 d. $121 , 600