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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.

Correct Answer:

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