LLQP Accident & Sickness · Component 2.1 · 30% of the exam
A 'return of premium' feature on a CI policy that refunds premiums at death:
- Refunds premiums paid if the insured dies without a CI claim, including within the survival period
- BPays double the premiums paid if the insured dies before the policy's expiry date is reached
- CIs included at no extra cost on most policies because death before a claim is statistically rare
- DPays the full CI benefit at death, effectively converting the policy into life insurance
Correct answer: A) Refunds premiums paid if the insured dies without a CI claim, including within the survival period
ROP on death addresses the objection 'what if I die without claiming?'. It is often included at little cost; ROP on expiry or surrender costs considerably more.
Why the other options are wrong
- BIt refunds premiums only, usually without interest.
- CIt has a cost, though modest for the death version.
- DThe CI benefit requires survival; the rider returns premiums only.
Exam tip
ROP on death: cheap, refunds premiums if no CI claim. ROP on expiry/surrender: expensive.
Common mistake
Confusing ROP on death with a life insurance death 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.