Which of the following is not a requirement of a "qualified" long-term care insurance policy? The benefit of the policy must offer inflation protection. The contract must offer to cover pre-existing conditions. The contract must be guaranteed renewable. The contract must offer to pay a nonforfeiture benefit.

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter12: Life Insurance Planning
Section12.3: Understanding Your Life Insurance Policy
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Which of the following is not a requirement of a "qualified" long-term care insurance policy?
The benefit of the policy must offer inflation protection.
The contract must offer to cover pre-existing conditions.
The contract must be guaranteed renewable.
The contract must offer to pay a nonforfeiture benefit.
Transcribed Image Text:Which of the following is not a requirement of a "qualified" long-term care insurance policy? The benefit of the policy must offer inflation protection. The contract must offer to cover pre-existing conditions. The contract must be guaranteed renewable. The contract must offer to pay a nonforfeiture benefit.
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