LLQP Accident & Sickness · Component 2.2 · 30% of the exam
A 'survivor benefit' on a DI policy:
- APays a life insurance death benefit equal to one year of disability benefits if the insured dies on claim
- BIs included in every individual disability policy as a statutory condition of the contract
- Pays a lump sum of several months' benefit to the beneficiary if the insured dies on claim
- DPays the surviving spouse the full monthly benefit for the remainder of the spouse's life
Correct answer: C) Pays a lump sum of several months' benefit to the beneficiary if the insured dies on claim
Survivor benefits ease the transition for the family when a disabled insured dies. They are modest and usually optional.
Why the other options are wrong
- AIt is a small transitional amount, not life insurance.
- BIt is typically optional.
- DThe survivor benefit is a single lump sum, not a lifetime income for the spouse.
Exam tip
DI survivor benefit: few months' benefit to the beneficiary if death occurs during claim.
Common mistake
Confusing the survivor benefit with a life insurance death 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.