LLQP Accident & Sickness · Component 4.1 · 10% of the exam
A client's DI policy reaches its expiry age (65). The agent should explain that:
- Coverage ends, some policies allow limited continuation if still working, and LTC and health needs take over
- BCoverage continues unchanged as long as premiums are paid, since disability can occur at any age
- CThe policy converts to permanent life insurance at 65 without evidence of insurability
- DAll premiums paid over the life of the policy are refunded at expiry if no claim was made
Correct answer: A) Coverage ends, some policies allow limited continuation if still working, and LTC and health needs take over
DI is a working-years product. Termination at expiry should be anticipated in reviews and the transition to retirement-era coverage planned.
Why the other options are wrong
- BDI expires at the stated age.
- CDI does not convert to life insurance.
- DNo refund unless an ROP rider applies.
Exam tip
DI expiry: limited continuation if working; shift focus to LTC/health.
Common mistake
Failing to discuss what happens at 65 before it arrives.
What this tests
CISRO competency component 4.1 — Provide customer service during the validity period of the coverage — which is weighted at 10% of the Accident & Sickness module. Written against the published curriculum.
More from component 4
- The agent's role in the claims process is to:
- A client with a non-cancellable DI policy stops paying premiums after a dispute with the insurer about a claim. The agent should warn that:
- When a client moves to another province, the agent should:
- A client asks to reduce the waiting period on his in-force disability policy. The agent should explain that the change:
- A client's disability policy lapsed six weeks ago for non-payment. The agent should:
- A client on claim asks whether she must keep paying premiums. The accurate answer depends on:
Practice the whole Accident & Sickness module
Timed sets weighted like the exam, and review of every question you miss. Free to start.