LLQP Accident & Sickness · Component 2.2 · 30% of the exam
A 'shared care' or 'joint' LTC option for a couple:
- AHalves each spouse's daily benefit so that the couple's combined coverage equals a single policy
- BIs provided at no additional cost whenever both spouses buy their policies from the same insurer
- CCovers one spouse only, with the other spouse named as the beneficiary of any unused benefit pool
- Lets spouses draw on a combined pool of benefits, or on each other's unused benefits
Correct answer: D) Lets spouses draw on a combined pool of benefits, or on each other's unused benefits
Shared benefits recognize that couples' care needs are unequal. Pricing reflects the combined risk.
Why the other options are wrong
- AIt pools rather than halves.
- BIt carries a premium.
- CIt covers both spouses.
Exam tip
Shared-care LTC = pooled benefits for a couple.
Common mistake
Overlooking shared-care options when both spouses want LTC.
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.