LLQP Accident & Sickness · Component 1.3 · 35% of the exam
A client asks whether critical illness coverage on her children is worth considering. The balanced answer is that:
- It can fund a parent's unpaid leave and future insurability, once the adults' needs are covered
- BIt should replace the parents' own coverage, since the family's focus is on the children
- CIt is the highest priority, since children are at greater risk of a covered condition than adults
- DChild coverage is unavailable, since critical illness policies require an adult life insured
Correct answer: A) It can fund a parent's unpaid leave and future insurability, once the adults' needs are covered
A child diagnosis usually costs a parent's earnings rather than the child's, and a child policy also secures coverage before health history closes the door, but the earners come first.
Why the other options are wrong
- BProtecting the earners is what keeps the household solvent.
- CThe incidence of covered conditions rises sharply with age.
- DChild critical illness coverage is widely available, often as a rider.
Exam tip
Insure the earners first; child coverage buys leave and future insurability.
Common mistake
Selling child coverage to parents who are themselves uninsured.
What this tests
CISRO competency component 1.3 — Assess the client's needs and situation — which is weighted at 35% of the Accident & Sickness module. Written against the published curriculum.
More from component 1
- The single most important fact for sizing a client's disability income need is:
- A client's beneficiaries for assets are listed in the fact-finding. Why does this matter for A&S planning?
- A client asks why the agent wants to know how assets are owned (jointly or individually). In the A&S context the answer is:
- A client mentions a back injury five years ago that fully resolved. The agent should:
- Which element of a client's situation most affects the definition of disability that should be recommended?
- Which of the following health facts is most relevant to a client's disability insurance situation?
Practice the whole Accident & Sickness module
Timed sets weighted like the exam, and review of every question you miss. Free to start.