LLQP Accident & Sickness · Component 2.1 · 30% of the exam
A disability policy with a 'lifetime accident benefit' pays:
- ANothing after 65, since all disability benefits end at that age regardless of the cause of the claim
- Benefits for life if the total disability results from an accident before a stated age
- CBenefits for life for both sickness and accident, provided the claim began before the insured turned 60
- DA lump sum at 65 equal to the present value of the benefits that would have been paid for life
Correct answer: B) Benefits for life if the total disability results from an accident before a stated age
Lifetime accident benefits are a product feature in some policies; lifetime sickness benefits are rare. Read the contract for the age cut-off.
Why the other options are wrong
- AAccident benefits under this feature continue past 65.
- CLifetime sickness benefits are uncommon; the feature is usually accident-only.
- DBenefits remain monthly.
Exam tip
Lifetime benefits, where offered, usually apply to accident only and before a stated age.
Common mistake
Assuming 'lifetime' applies to sickness.
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.