LLQP Accident & Sickness · Component 2.2 · 30% of the exam
A guaranteed insurability rider on a long-term care contract allows the owner to:
- AAdd a spouse to the contract at the original issue age, provided the spouse is in good health
- BCancel the contract at any option date and recover the premiums paid to that point
- CShorten the elimination period at each anniversary as the owner's savings are drawn down
- Increase the daily benefit at stated option dates without new medical evidence, at the attained-age cost
Correct answer: D) Increase the daily benefit at stated option dates without new medical evidence, at the attained-age cost
Long-term care underwriting tightens sharply with age and cognitive screening, so an option that locks in the right to buy more coverage later is worth far more than it appears at purchase.
Why the other options are wrong
- AEach spouse is underwritten and insured under a contract of their own.
- BPremium recovery is the function of a non-forfeiture or return of premium option.
- CThe elimination period is fixed by the contract and does not shrink over time.
Exam tip
The rider buys the right to add coverage while still insurable.
Common mistake
Declining an insurability option on a contract bought decades before the claim.
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.