LLQP Accident & Sickness · Component 2.1 · 30% of the exam
A group critical illness plan differs from an individual contract principally because it:
- AGuarantees the member's rate until the stated expiry age of the coverage
- BOffers a longer list of covered conditions and more generous definitions than individual contracts
- CRequires full individual medical underwriting for every member who enrols
- Is a sponsor-controlled benefit that ends with employment and is often narrower
Correct answer: D) Is a sponsor-controlled benefit that ends with employment and is often narrower
Group critical illness is convenient and inexpensive but is neither owned nor controlled by the member, so it cannot be relied on for a need that outlasts the job.
Why the other options are wrong
- AGroup rates are repriced at renewal and are not locked to an expiry age.
- BGroup condition lists are generally shorter and more tightly defined.
- CCoverage within the non-evidence maximum is issued without full underwriting.
Exam tip
Group critical illness: cheap, narrow, temporary.
Common mistake
Planning a permanent need around a group critical illness benefit.
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.