LLQP Accident & Sickness · Component 1.3 · 35% of the exam
A client's greatest fear is needing nursing-home or in-home care in old age and consuming the estate she wants to leave. The need this identifies is:
- AGroup benefits with a rich extended health plan that reimburses in-home nursing care
- BCritical illness insurance, which pays a lump sum once care becomes medically necessary
- Long-term care insurance to fund care when she cannot perform daily activities
- DDisability insurance extended past age 65 to cover the monthly cost of a care facility
Correct answer: C) Long-term care insurance to fund care when she cannot perform daily activities
LTC insurance pays when the insured needs help with activities of daily living or has cognitive impairment. It addresses the cost of care in later life, which is largely private after government programs.
Why the other options are wrong
- AGroup plans rarely fund long-term care of any duration.
- BCI pays once on diagnosis of a listed condition, not for ongoing care.
- DDI ends at 65 and is tied to earned income.
Exam tip
LTC = care costs later in life; triggered by ADLs or cognitive impairment.
Common mistake
Assuming provincial plans cover long-term care fully.
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.