LLQP Accident & Sickness · Component 2.2 · 30% of the exam
A 'retirement protection' rider on a DI policy:
- APays a lifetime pension from age 65 in place of the CPP retirement pension the insured lost
- Pays an additional monthly amount during disability into a vehicle available at retirement
- CExtends the benefit period past 65 until the insured qualifies for Old Age Security at that age
- DWaives the premiums on the policy from age 65 so that coverage can continue into retirement
Correct answer: B) Pays an additional monthly amount during disability into a vehicle available at retirement
The rider addresses the retirement gap a long disability creates. Funds are typically held in trust and paid at 65.
Why the other options are wrong
- AIt accumulates savings; it is not a pension.
- CThe benefit period is unchanged.
- DWaiver is a separate provision.
Exam tip
Retirement protection rider = contributions replaced during disability, paid at retirement.
Common mistake
Ignoring retirement savings loss in a long disability.
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.