LLQP Accident & Sickness · Component 2.2 · 30% of the exam
A student loan protection rider on a disability policy is designed to:
- ARepay the outstanding balance of the loan in full on the first day of any disability
- BCover tuition costs if the insured has to leave a programme because of a disability
- Pay an additional monthly amount toward loan payments during a disability, for a limited period
- DWaive the loan entirely, since lenders forgive student debt when a borrower is disabled
Correct answer: C) Pay an additional monthly amount toward loan payments during a disability, for a limited period
Newly qualified professionals carry heavy loan payments that a percentage-of-income benefit does not cover, and the rider adds a time-limited amount aimed at that obligation.
Why the other options are wrong
- AThe rider makes payments rather than clearing the balance.
- BTuition is not what the rider addresses.
- DLenders do not forgive student debt on disability as a matter of course.
Exam tip
The rider funds the payments, not the balance.
Common mistake
Ignoring heavy loan payments when sizing a new professional's benefit.
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.