Arkansas Life and Health Insurance Practice Exam

Disable ads (and more) with a membership for a one time $4.99 payment

Prepare for the Arkansas Life and Health Insurance Exam. Utilize flashcards and multiple-choice questions with hints and explanations for each question. Get thoroughly ready for your certification test!

Start Multiple Choice Practice Test
Start Flash Cards

Practice this question and more.

The inflation protection provision under a LTC policy will increase coverage by what percentage?

  1. 3%

  2. 4%

  3. 5%

  4. 6%

The correct answer is: 3%

The inflation protection provision under a Long-Term Care (LTC) policy typically increases coverage by around 3% annually. This provision is crucial in ensuring that the benefits provided by the policy keep pace with the rising costs of long-term care services over time. While options B, C, and D may seem like significant percentage increases, they are usually higher than the typical inflation protection percentage associated with LTC policies.

More Questions Like This