LLQP Accident & Sickness · Component 4.1 · 10% of the exam
A client's non-cancellable disability policy reaches the expiry age stated in the contract. At that point:
- AThe policy converts automatically to long-term care coverage on the same terms
- BThe insurer must offer a renewal at the client's attained age and current state of health
- CAll premiums paid since issue are refunded, since the client made no claim
- Coverage ends, though some contracts allow limited continuation for a client still working
Correct answer: D) Coverage ends, though some contracts allow limited continuation for a client still working
Disability coverage is built to replace employment income, so it expires at the stated age, with only narrow continuation options for clients who remain in the workforce.
Why the other options are wrong
- AThere is no automatic conversion to any other product.
- BNo renewal right exists past the contract's expiry age.
- CPremium refunds arise only under a return of premium rider.
Exam tip
Disability coverage expires; it does not convert.
Common mistake
Assuming a disability policy continues past the stated expiry age.
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.