LLQP Accident & Sickness · Component 3.2 · 25% of the exam
A client's recommendation includes long-term care coverage at age fifty-eight. The agent should explain that buying now:
- Locks in insurability and a lower issue-age premium, at the cost of paying for longer
- BGuarantees the benefit will be enough to meet the cost of care whenever it is required
- CIs premature, since long-term care coverage cannot be issued before the age of seventy
- DRemoves the need for any other retirement planning, since care is the largest late-life cost
Correct answer: A) Locks in insurability and a lower issue-age premium, at the cost of paying for longer
Long-term care underwriting tightens sharply with age and cognitive screening, so early purchase secures the coverage at a lower cost in exchange for a longer premium-paying period.
Why the other options are wrong
- BOnly an indexed benefit keeps pace with the rising cost of care.
- CLong-term care coverage is issued well before seventy.
- DCare coverage is one element of a retirement plan, not a substitute for it.
Exam tip
Buying earlier buys insurability as much as price.
Common mistake
Deferring long-term care planning until the client is no longer insurable.
What this tests
CISRO competency component 3.2 — Implement a recommendation adapted to the client's needs and situation — which is weighted at 25% of the Accident & Sickness module. Written against the published curriculum.
More from component 3
- An underwriter assigns a disability applicant to occupational class 2 rather than class 4. The practical effect is that:
- A disability applicant discloses a back condition that resolved four years ago with no recurrence. The likely underwriting outcome is:
- Financial underwriting for an individual disability application exists to:
- A critical illness applicant's mother and sister both had breast cancer before fifty. The underwriter is likely to:
- An applicant for long-term care coverage is seventy-two. The insurer is most likely to require:
- Group long-term disability coverage within the non-evidence maximum is issued without individual medical questions because:
Practice the whole Accident & Sickness module
Timed sets weighted like the exam, and review of every question you miss. Free to start.