LLQP Accident & Sickness · Component 2.1 · 30% of the exam
Children's critical illness coverage typically:
- ADoes not exist, since Canadian insurers will not underwrite critical illness on minors
- BRequires the child to have earned income before a policy can be issued in the child's name
- Covers childhood conditions as well as adult ones, often with conversion at adulthood
- DPays only at the child's death, functioning in practice as juvenile life insurance
Correct answer: C) Covers childhood conditions as well as adult ones, often with conversion at adulthood
Child CI addresses the family's costs when a child is seriously ill — a parent stops working, travel for treatment. The covered conditions differ from adult lists.
Why the other options are wrong
- AIt is widely available as a rider or stand-alone policy.
- BChildren have no earned income; CI does not require it.
- DIt pays on diagnosis, not death.
Exam tip
Child CI covers childhood-specific conditions and lets a parent stop working.
Common mistake
Overlooking child CI for families with young children.
What this tests
CISRO competency component 2.1 — 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.