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.

Identify the consequences of negative externalities on market efficiency.

Understand the ethical duties and responsibilities in the legal profession.

Identify situations that may lead to a breach of competence.

Understand the significance and applications of attorney-client confidentiality.

---

Definitions:

Objective Evaluation

The process of making a judgment based on impartial analysis of facts and evidence.

Creative Thinkers

Individuals who are able to think in novel and unusual ways and to come up with unique solutions to problems.

Superficial Approach

A method or attitude that lacks depth and thoroughness, often focusing only on apparent or surface-level aspects.

Running Endurance

The capacity to sustain prolonged physical activity, especially running, over distances or time periods, through the development of muscular and cardiovascular strength.