Long Term Care Certification Practice Test

What is typically required for reinstatement of a lapsed long-term care insurance policy?

1. Payment of all overdue premiums

2. A new application

3. Proof of continuous coverage

4. Physician's note

The correct answer is: Physician's note

The typical requirement for reinstating a lapsed long-term care insurance policy involves several elements, and one important aspect might include obtaining a physician's note in certain circumstances. A physician's note can serve as evidence of the insured's continuing care needs or health status, which may be necessary to ensure that the policy can be reinstated without adjustments to the coverage terms or premiums. In the context of reinstatement processes, insurers often have specific protocols. While payment of overdue premiums is certainly a common requirement, the need for a physician's note is particularly relevant when assessing the risk profile of the insured after a lapse. This could be crucial if the lapse was significant or if the insured’s health condition has changed since the policy was initially issued. Other requirements like proof of continuous coverage or a new application may apply but typically are not as directly linked to a person's health status at the time of reinstatement. Thus, the necessity for a physician's note highlights the insurer's focus on ensuring that they properly assess the risks tied to the individual's current health situation before reinstating the policy.