LLQP Accident & Sickness · Component 1.1 · 35% of the exam
A client's beneficiaries for assets are listed in the fact-finding. Why does this matter for A&S planning?
- Some A&S benefits pay at death, and estate plans affect who bears the cost of care
- BIt does not; A&S products have no beneficiaries because they pay the insured directly
- CDisability benefits pass to the named beneficiary if the insured dies while disabled
- DBeneficiary designations determine the premium class on critical illness policies
Correct answer: A) Some A&S benefits pay at death, and estate plans affect who bears the cost of care
The curriculum lists 'beneficiaries for assets' under financial situation. Certain A&S benefits are payable at death, and long-term care and disability affect the estate the beneficiaries will receive.
Why the other options are wrong
- BReturn-of-premium riders, CI death benefits and AD&D all pay at death.
- CBasic DI stops at death; only a survivor rider pays anything further.
- DPremium classes come from underwriting, never from beneficiaries.
Exam tip
A&S products can carry death benefits (AD&D, ROP on death); name beneficiaries for them.
Common mistake
Leaving the beneficiary blank on a CI policy with a return-of-premium-on-death rider.
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 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?
- Why does the disability needs analysis ask about the client's participation in employer-sponsored savings plans?
Practice the whole Accident & Sickness module
Timed sets weighted like the exam, and review of every question you miss. Free to start.