DC DC Disability and Long-Term Care Insurance 2

Question 1

A DC LTC insurance policy's 'benefit trigger' most commonly requires the insured to be unable to perform a certain number of activities of daily living (ADLs). The standard number is:

Accepted Answer

2 of 6

Answer

1 of 3

Answer

3 of 9

Answer

4 of 4

Question 2

Which DC disability income policy provision ensures the insurer cannot cancel the policy or raise premiums as long as the insured pays premiums on time?

Accepted Answer

Guaranteed renewable

Answer

Conditionally renewable

Answer

Optionally renewable

Answer

Non-cancelable

Question 3

In a DC disability income policy, a 'residual disability' benefit is designed to pay benefits when:

Accepted Answer

The insured returns to work but suffers a proportionate loss of income due to their disability

Answer

The insured is totally disabled and cannot work at all

Answer

The insured is hospitalized overnight

Answer

The insured's disability results from a pre-existing condition

Question 4

A DC LTC insurer must offer a 'free-look' period of at least how many days for a newly issued LTC policy?

Accepted Answer

30 days

Answer

10 days

Answer

60 days

Answer

90 days

Question 5

Under DC law, a group disability income policy provided by an employer is typically subject to:

Accepted Answer

ERISA (federal law) in addition to DC insurance regulations

Answer

Only DC insurance regulations

Answer

Only OSHA regulations

Answer

The DC Workers' Compensation Act

Question 6

A DC disability income policy that includes a 'social insurance substitute' benefit will reduce its benefit payment when the insured:

Accepted Answer

Receives Social Security disability benefits

Answer

Earns income from part-time work

Answer

Files a workers' compensation claim

Answer

Reaches retirement age