Arkansas Life and Health Insurance Practice Exam

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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.

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