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Which of the Following Statements Is True About a Guaranteed

Question 88

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 noncancelable.
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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