LLQP Accident & Sickness · Component 2.1 · 30% of the exam
Most comprehensive CI policies include 'partial payment' or 'early-stage' benefits, which:
- AReduce the premium for insureds who agree to accept a lower benefit amount for the minor conditions
- Pay a smaller percentage for less severe conditions, often without reducing the full benefit
- CAre unavailable in Canada because regulators require a single full-benefit definition per condition
- DPay the full benefit for minor conditions as long as the treatment is medically required
Correct answer: B) Pay a smaller percentage for less severe conditions, often without reducing the full benefit
Partial benefits extend coverage to conditions that fall short of the full definitions. The specifics — percentage, cap, whether the full benefit remains — vary by insurer.
Why the other options are wrong
- AThey are a benefit, not a premium discount.
- CThey are common in comprehensive plans.
- DMinor conditions receive partial payments, not the full amount.
Exam tip
Partial CI benefits: small percentage for early-stage conditions; check whether the full benefit is preserved.
Common mistake
Telling a client early-stage cancer pays the full CI benefit.
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.