LLQP Accident & Sickness · Component 2.2 · 30% of the exam
A future purchase option (FPO) rider on a disability policy lets the insured:
- Increase the monthly benefit at set dates as income grows, with financial but no medical underwriting
- BRenew the policy at each anniversary without any increase in the premium for the insured's attained age
- CTake the remaining benefits as a single lump sum instead of a monthly payment during a long claim
- DExtend the benefit period from age 65 to age 70 without providing any new evidence of insurability
Correct answer: A) Increase the monthly benefit at set dates as income grows, with financial but no medical underwriting
FPO (future insurability) locks in medical insurability for future increases. It suits young professionals whose income will rise. Increases are still limited by income at exercise.
Why the other options are wrong
- BPremium guarantees come from non-cancellable status, not FPO.
- CDisability benefits remain monthly; FPO changes the amount, not the form.
- DThe benefit period is fixed at issue.
Exam tip
FPO = medical insurability locked; financial underwriting still applies at exercise.
Common mistake
Telling a client FPO increases need no underwriting at all.
What this tests
CISRO competency component 2.2 — 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.