In order to sell long-term care insurance, all of the following things must happen EXCEPT: (select all that apply) The product must be approved in the state where the sale is to be made. Proper long-term care contract amendments have been signed by the financial representative and filed with the Contract and License Division in the home office. The financial representative must have a Series 6 license; valid in the state where the sale is to be made. The financial representative has completed the Essentials of Long-Term Care product qualification training with a passing grade on the exam. The financial representative must complete an initial state-approved LTC training course and ongoing refresher LTC training every two years thereafter.

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter11: Planning For Health Care Expenses
Section: Chapter Questions
Problem 8LTAI
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In order to sell long-term care insurance, all of the following things must happen
EXCEPT: (select all that apply)
The product must be approved in the state where the sale is to be
made.
Proper long-term care contract amendments have been signed by the
financial representative and filed with the Contract and License Division
in the home office.
The financial representative must have a Series 6 license; valid in the
state where the sale is to be made.
The financial representative has completed the Essentials of Long-Term
Care product qualification training with a passing grade on the exam.
The financial representative must complete an initial state-approved LTC
training course and ongoing refresher LTC training every two years
thereafter.
Transcribed Image Text:In order to sell long-term care insurance, all of the following things must happen EXCEPT: (select all that apply) The product must be approved in the state where the sale is to be made. Proper long-term care contract amendments have been signed by the financial representative and filed with the Contract and License Division in the home office. The financial representative must have a Series 6 license; valid in the state where the sale is to be made. The financial representative has completed the Essentials of Long-Term Care product qualification training with a passing grade on the exam. The financial representative must complete an initial state-approved LTC training course and ongoing refresher LTC training every two years thereafter.
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