It could be years before an insured needs long-term care services. During that time, long-term care costs could increase significantly. As a result many policies offer inflation protection. Which of the following is not correct regarding tax-qualified policies? O Policies may, but are not required to offer some type of inflation protection. O One of the standard methods of inflation protection is that the benefits automatically increase by five percent or more each year compounded annually O One of the standard methods of inflation protection is that the policy limits increase three percent compound annually. A guaranteed future purchase option can be offered in liou of standard inflation protection. Due to the recent economic downturn, a distrust in banks, and concerns about govenment confiscation of assets, Michelle keeps all of her money under her mattress. Over time, she has accumulated $50,000 in cash. Unfortunately, her house burned down last week, destroying all of the cash under her mattress. If Michelle has a typical HO3 policy, how much will the insurance company pay for the lost cash? $0. O $200. $500. O $5,000 QUESTION 55 Assuming all of the following individuals meet the financial requirement for Medicaid, which of them is not likely receiving benefits? O Jeremy, who is age 72. Ryan, who is collecting disability, but is only 29 years old. O Jackson, who is a 50-year-old veteran who has an artificial knee provided by the Veteran's Administration and arthritis India, who is a blind preacher