Which of the Following Statements Is True About a Guaranteed

question 30

Multiple Choice

Which of the following statements is true about a guaranteed renewable long-term care policy?

• A) benefits are taxable.
• B) premiums are never tax deductible.
• C) the policy is non-cancellable.
• D) premiums cannot be increased by the insurer unless they are increased for the entire rating class.
• E) premiums cannot increase for any reason.

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Definitions:

John Deere Operations

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United States Postal Service, the federal agency that provides postal services in the United States.

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