LLQP Accident & Sickness · Component 2.1 · 30% of the exam
A long-term care policy's elimination period is best described as:
- AThe period after diagnosis during which the insured must survive for the benefit to be paid
- The number of days of eligible care the insured funds personally before benefits begin
- CThe period after a claim ends before a second claim may be started
- DThe number of years the policy must be in force before a claim may be made
Correct answer: B) The number of days of eligible care the insured funds personally before benefits begin
The elimination period is the deductible of a long-term care contract, expressed in days of care rather than days of disability, and a longer one materially reduces the premium.
Why the other options are wrong
- ASurvival periods belong to critical illness contracts.
- CThat describes a recurrence provision.
- DA time-in-force requirement would be a moratorium, not an elimination period.
Exam tip
Elimination period is counted in days of care received.
Common mistake
Confusing a long-term care elimination period with a disability waiting period.
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.