LLQP Accident & Sickness · Component 1.3 · 35% of the exam
A client's greatest fear is the cost of drugs not covered by her employer's plan after she retires. The need points to:
- AA disability policy with a cost-of-living rider to keep pace with drug price inflation
- An individual health plan and awareness of the provincial drug program for her age group
- CAccidental death and dismemberment coverage, which includes a prescription drug benefit
- DA hospital cash plan, which pays a daily amount she can apply to prescription costs
Correct answer: B) An individual health plan and awareness of the provincial drug program for her age group
Retirement removes the group drug plan at the point when prescription use is rising, so the gap is filled by individual coverage layered on whatever the province provides.
Why the other options are wrong
- ADisability coverage replaces income and ends well before the retirement years.
- CAccidental death coverage pays a lump sum on accidental death and contains no drug benefit.
- DHospital cash pays only during confinement and is unrelated to prescriptions.
Exam tip
Retirement is when drug coverage disappears and drug costs rise.
Common mistake
Assuming the provincial senior drug program covers everything.
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.