LLQP Accident & Sickness · Component 2.2 · 30% of the exam
A 'second event' or 'multiple payout' feature on a CI policy allows:
- AA double benefit for any condition that is diagnosed twice within the same policy year
- BUnlimited claims for as long as the insured continues to pay the premium after each one
- A second benefit for a different covered condition, typically with restrictions on related conditions
- DTwo claims for the same condition immediately, one on diagnosis and a second on treatment
Correct answer: C) A second benefit for a different covered condition, typically with restrictions on related conditions
Traditional CI ends after one full claim. Multi-pay features keep coverage for unrelated conditions, usually with waiting periods between claims and exclusions for related illnesses.
Why the other options are wrong
- AThe benefit per claim is unchanged.
- BClaims are limited by the contract.
- DThe same condition is usually excluded or subject to a waiting period.
Exam tip
Multi-pay CI: subsequent claims for unrelated conditions, with waiting periods and restrictions.
Common mistake
Assuming a single-pay CI policy continues after a full 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.