Those Most Likely to Purchase Long Term Care Insurance

question 35

Multiple Choice

Those most likely to purchase long term care insurance:

• A) have children living nearby.
• B) have serious pre-existing chronic conditions.
• C) have a partner to protect.
• D) have lower incomes.

Recognize the defenses an insurance company can use against payment on a policy and the specific conditions under which these defenses are applicable.

Comprehend the factors determining the extent of the insurer's liability in different types of insurance contracts (e.g., life, fire insurance).

Identify the conditions under which an insurance contract can be considered ambiguous, and the principles for resolving such ambiguities.

Grasp the requirements for an insurable interest and how it impacts the ability to procure and maintain insurance coverage.

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Definitions:

Paths Of Retirement

Various routes individuals can take when transitioning from full-time work to retirement, including phased retirement, early retirement, and traditional retirement.

Entirely New Pursuits

Activities or interests that an individual engages in for the first time, marking a departure from previous habits or routines.

Role Reversal

A technique used in psychotherapy and training where individuals switch roles to gain insight into another's perspective, enhancing empathy and understanding.

Aging Parents

The term refers to elderly individuals, typically in the later stages of their lives, who may require various forms of support or care from their adult children or other caregivers.