LLQP Accident & Sickness · Component 3.1 · 25% of the exam
An applicant for LTC insurance at age 72 will likely face:
- More rigorous underwriting, including a cognitive screen, plus much higher premiums and a greater chance of decline
- BLower premiums, since the insurer expects fewer years of coverage before the policy expires
- CThe same process as a 50-year-old, since LTC underwriting is based on current health alone
- DAutomatic issue at standard rates, since insurers cannot decline LTC applicants over 70
Correct answer: A) More rigorous underwriting, including a cognitive screen, plus much higher premiums and a greater chance of decline
LTC risk rises steeply with age. Older applicants are assessed for early cognitive or functional decline.
Why the other options are wrong
- BPremiums rise with age.
- CAge intensifies LTC underwriting.
- DUnderwriting is more rigorous and declines are more likely.
Exam tip
Older LTC applicants: cognitive screen, records, high premium, higher decline rate.
Common mistake
Delaying an LTC discussion until the client is in their 70s.
What this tests
CISRO competency component 3.1 — Implement a recommendation adapted to the client's needs and situation — which is weighted at 25% of the Accident & Sickness module. Written against the published curriculum.
More from component 3
- An underwriter assigns a disability applicant to occupational class 2 rather than class 4. The practical effect is that:
- A disability applicant discloses a back condition that resolved four years ago with no recurrence. The likely underwriting outcome is:
- Financial underwriting for an individual disability application exists to:
- A critical illness applicant's mother and sister both had breast cancer before fifty. The underwriter is likely to:
- An applicant for long-term care coverage is seventy-two. The insurer is most likely to require:
- Group long-term disability coverage within the non-evidence maximum is issued without individual medical questions because:
Practice the whole Accident & Sickness module
Timed sets weighted like the exam, and review of every question you miss. Free to start.