Final answer:
Tax qualified long-term care insurance policies must offer all of the following features, provisions, or options except an option to purchase skilled nursing care coverage only.
Step-by-step explanation:
Tax qualified long-term care insurance policies must offer all of the following features, provisions, or options except an option to purchase skilled nursing care coverage only.D) An option to purchase skilled nursing care coverage only.
A) Guaranteed renewable: Tax qualified long-term care insurance policies must be guaranteed renewable, meaning the policy cannot be cancelled as long as the premiums are paid.
B) Option to purchase policy that increases with inflation: Tax qualified long-term care insurance policies must offer an option to purchase a policy that includes inflation protection, which helps cover the rising cost of care over time.
C) A non-forfeiture option: Tax qualified long-term care insurance policies must offer a non-forfeiture option, which allows policyholders to receive some benefits even if they stop paying premiums.