LLQP Accident & Sickness · Component 2.1 · 30% of the exam
A 'first day hospital' or 'zero-day accident' feature in a DI policy means:
- ABenefits are reduced during any period the insured spends in hospital
- BThe waiting period is extended when the insured is hospitalized rather than at home
- The waiting period is waived for hospitalization or accidental injury
- DOnly the hospital's charges are paid during confinement, not the income benefit
Correct answer: C) The waiting period is waived for hospitalization or accidental injury
These features accelerate benefits for specific circumstances. They are a favourable comparison point between contracts.
Why the other options are wrong
- ABenefits are unchanged; only their timing accelerates.
- BThe waiting period is shortened or waived, not extended.
- DThe income benefit is paid, not hospital bills.
Exam tip
Waiting period waivers for hospitalization or accident exist; check the contract.
Common mistake
Missing a waiting-period waiver feature when comparing quotes.
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.