LLQP Accident & Sickness · Component 1.2 · 35% of the exam
A client's existing critical illness policy has a 30-day survival period. This means:
- The insured must survive 30 days after diagnosis for the benefit to be paid
- BCoverage ends 30 days after diagnosis unless the claim has been filed
- CBenefits begin 30 days after the policy is issued, like a waiting period
- DThe benefit is paid on diagnosis and repaid if death occurs within 30 days, since the policy is not a life contract
Correct answer: A) The insured must survive 30 days after diagnosis for the benefit to be paid
Survival periods distinguish CI from life insurance. Where a return-of-premium-on-death rider exists, premiums are refunded if death occurs within the survival period.
Why the other options are wrong
- BThe policy continues; the survival period only conditions payment.
- CThe survival period runs from diagnosis, not from issue.
- DPayment follows survival of the period; nothing is paid and clawed back.
Exam tip
CI survival period: benefit only if the insured survives it. Check the length.
Common mistake
Telling a client CI pays immediately on diagnosis.
What this tests
CISRO competency component 1.2 — 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.