AD Banker Comprehensive Practice Exam

Under a long-term care insurance policy, what is the requirement regarding activities of daily living?

1. 0

2. 4

3. 3

4. 5

The correct answer is: 3

Long-term care insurance policies typically define the level of care that is required for a policyholder to be eligible for benefits based on their ability to perform activities of daily living (ADLs). These activities usually include bathing, dressing, toileting, transferring (moving in and out of bed), and eating. In many policies, a common threshold for triggering long-term care benefits is the inability to perform at least two of these five ADLs. However, some policies may specify benefits based on the inability to complete three of these activities, which aligns with the option provided as the correct answer. When a policyholder is unable to perform three out of the five designated ADLs, they typically meet the requirements for receiving long-term care benefits under the terms of their policy. This understanding is crucial for individuals considering purchasing long-term care insurance, as it helps set expectations about when they would be able to access benefits based on their level of independence and daily functioning.