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With regard to long term care insurance, which of the following statements is true? ...

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Finance

With regard to long term care insurance, which of the following statements is true?

Question 12 options:

A lump sum benefit amount is paid if the life insured contracts a serious life-altering illness as she ages.

The insurance carrier uses the activities of daily living as the measuring criteria to determine if the life insured qualifies for benefits.

The life insured must be able to demonstrate that she simply can no longer care for herself in order to qualify for benefits.

The life insured must incur a severe and prolonged disability, as judged by the insurance carrier, in order to qualify for benefits.

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