LLQP Accident & Sickness · Component 2.1 · 30% of the exam
A disability contract described as 'commencement of disability' for benefit period purposes means the benefit period is measured from:
- AThe first of the month following the date the claim form reaches the insurer's office
- The end of the waiting period, so benefits run for the full stated period once they begin
- CThe date of the diagnosis, whether or not the insured stopped working at that point
- DThe date the insurer approves the claim and issues the first payment to the claimant's account
Correct answer: B) The end of the waiting period, so benefits run for the full stated period once they begin
The benefit period counts the months over which payments are made, so it starts when the waiting period ends rather than on the day the disability began.
Why the other options are wrong
- AAdministrative receipt dates do not define the contractual benefit period.
- CA diagnosis alone does not start the clock; disability and the waiting period do.
- DApproval affects when the first cheque is issued, not the length of the benefit period.
Exam tip
Waiting period first, then the benefit period runs.
Common mistake
Counting the waiting period as part of the benefit period.
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.