10 Questions |
By Hburt16 | Last updated: Sep 23, 2020
| Total Attempts: 77
Here is the Long Term Care Insurance Quiz. Taking up the insurance is a way of preventing the burden of the cost incurred when a risk occurs on a client's side. When one takes out long term care insurance, they are guaranteed care when they go to a nursing home, and it covers the services they get there, such as medical care. This quiz seeks to help see how much you know about the benefits, acquisition, and need.
Questions and Answers
How will having long term insurance benefit you?
You can get the quality care you need.
You can maintain your independence.
It can relieve financial stress and caregiving burdens from those around you.
How much can a private nursing home range from per year?
$40,000 - $60,000
$60,000 - $ 80,000
$80,000 - $100,000
$100,000 - $120,000
How will many people end up paying for long term care insurance?
How can you buy long term care insurance?
A membership group
There is a _____ chance that you will needlong term care after the age of 65.
A home health aid costs ____ per hour.
Many people think their health insurance or a government program will cover it.
A good time to buy long term care insurance is when you are in your 40 to 50’s.
Long term care is paid for extended nursing care when a person can not live independently and needs hospitalization.
This chapter reviews basic principles that provide a foundation
for the insurance industry. They range from the concept of risk, to the idea
that individuals and businesses can minimize losses by transferring and sharing...
Questions: 6 | Attempts: 9461 | Last updated: Jan 27, 2016
LaTonya purchases a house from John. She borrows $75,000 from
First City Bank that, along with her $25,000 down payment, equals the $100,000
purchase price of the home. Who has an insurable interest in this home? Choose
all that apply.
A contract is a legal agreement
between two or more competent parties that promises a certain performance in
exchange for a certain consideration. When an insurance company agrees to pay
for an insured's losses in exchange...
Questions: 7 | Attempts: 7891 | Last updated: Dec 26, 2012
Which of the following is not a requirement for forming a valid contract?