LLQP (Life Licence Qualification Program) Practice Exam · Question
The eligibility for benefits under a Long-Term Care (LTC) insurance policy is typically based on the insured's inability to perform:
Long-Term Care (LTC) insurance benefits are triggered when an individual can no longer perform a certain number of ADLs (usually 2 out of 6), such as bathing, d
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Question: The eligibility for benefits under a Long-Term Care (LTC) insurance policy is typically based on the insured's inability to perform:
Answer options: ✅ Activities of Daily Living (ADLs).
- Employment Eligibility Criteria.
- Standard Life Expectancy Tables.
- The Canada Pension Plan (CPP) disability definition.
Correct answer: Activities of Daily Living (ADLs).
Explanation: Long-Term Care (LTC) insurance benefits are triggered when an individual can no longer perform a certain number of ADLs (usually 2 out of 6), such as bathing, dressing, eating, toileting, transferring, and continence.
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- A life insurance policy that offers lifelong coverage, a guaranteed death benefit, and a savings component tha
- Group benefits in Canada commonly include:
- Sarah, a 35-year-old marketing professional in Ontario, purchases a participating whole life insurance policy
- Mark, a 45-year-old business owner in British Columbia, has a Universal Life policy with a Level Cost of Insur
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