LLQP Accident & Sickness · Component 2.1 · 30% of the exam
A critical illness policy's survival period requires the insured to:
- ARemain insured for a stated number of years before the first claim may be made
- Survive a stated number of days after diagnosis before the benefit becomes payable
- CWait a stated number of days after the policy is issued before coverage begins
- DSurvive to the policy's expiry age in order to receive a return of the premiums paid
Correct answer: B) Survive a stated number of days after diagnosis before the benefit becomes payable
The survival period is measured from diagnosis and excludes deaths that follow immediately, which is why critical illness is not a substitute for life insurance.
Why the other options are wrong
- AThat would be a moratorium or contestability period, not a survival period.
- CA waiting period from issue is a different provision.
- DSurvival to expiry relates to a return of premium rider, not the survival period.
Exam tip
Survival period runs from diagnosis, not from issue.
Common mistake
Telling a client critical illness pays on the day of diagnosis.
What this tests
CISRO competency component 2.1 — Analyze the available products that meet the client's needs — which is weighted at 30% of the Accident & Sickness module. Written against the published curriculum.
More from component 2
- A group benefits booklet lists AD&D coverage alongside life and LTD. The AD&D benefit pays:
- A hospital indemnity (hospital cash) policy pays:
- Employment Insurance sickness benefits are available to:
- Which government program coordinates with an individual DI policy through a possible offset AND also affects the definition of insurable income?
- A group plan's 'eligibility waiting period' (probationary period) is:
- A CI policy that is 'convertible' allows the insured to:
Practice the whole Accident & Sickness module
Timed sets weighted like the exam, and review of every question you miss. Free to start.