LLQP Accident & Sickness · Component 1.1 · 35% of the exam
A client asks why the agent wants to know how long she has held her professional licence. The best answer is that:
- ALicence duration replaces the medical questionnaire for professionals in regulated occupations
- BThe insurer pays a lower premium to clients who have held a licence for more than ten years
- CInsurers will not insure a professional whose licence has been held for less than two years
- Time in the occupation supports the income figure and the occupational class the insurer assigns
Correct answer: D) Time in the occupation supports the income figure and the occupational class the insurer assigns
An established professional presents a documented earnings history and a settled occupational pattern, both of which the underwriter uses in setting the class and the amount.
Why the other options are wrong
- AMedical questions are asked of professionals like everyone else.
- BPremiums are set by age, health, class and product, not by years of licensure.
- CNewly licensed professionals are insured, often with a limit on the amount.
Exam tip
Time in the occupation supports both the class and the income.
Common mistake
Recording an occupation without the length of time the client has practised it.
What this tests
CISRO competency component 1.1 — 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.