LLQP Accident & Sickness · Component 2.2 · 30% of the exam
A 'lifetime benefit' rider on a DI policy typically:
- AWaives premiums for life once a total disability has lasted for longer than two consecutive years
- BApplies to partial disability, paying a reduced benefit for the rest of the insured's life
- CIs standard on all individual policies issued to the professional occupational classes
- Extends total disability benefits past 65 for life, often reduced for sickness by age at onset
Correct answer: D) Extends total disability benefits past 65 for life, often reduced for sickness by age at onset
Lifetime riders are uncommon and expensive; their sickness component often reduces with age at onset. Read the schedule carefully.
Why the other options are wrong
- AWaiver of premium is a separate provision unrelated to lifetime benefits.
- BIt applies to total disability.
- CIt is an optional and uncommon rider.
Exam tip
Lifetime rider: check the age-at-onset schedule for sickness.
Common mistake
Promising lifetime sickness benefits at full amount.
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.