LLQP Accident & Sickness · Component 2.1 · 30% of the exam
Which government program coordinates with an individual DI policy through a possible offset AND also affects the definition of insurable income?
- AThe GST credit, which is reduced whenever disability benefits raise the client's net income
- BOld Age Security, which is offset against DI benefits once the client reaches age 65
- CThe Canada Child Benefit, which insurers count as household income in setting the benefit
- Workers' compensation, which can offset DI benefits and shapes the resources counted
Correct answer: D) Workers' compensation, which can offset DI benefits and shapes the resources counted
Workers' compensation is the government program most directly integrated with DI. OAS and tax credits are unrelated to disability.
Why the other options are wrong
- AThe GST credit is a tax measure unrelated to DI.
- BOAS is a retirement benefit, not a disability offset.
- CThe CCB is a family benefit, not insurable income.
Exam tip
DI offsets: workers' compensation and CPP/QPP disability.
Common mistake
Listing OAS as a disability resource.
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:
- A group plan's 'eligibility waiting period' (probationary period) is:
- A CI policy that is 'convertible' allows the insured to:
- A 'retirement protection' rider on a DI policy:
Practice the whole Accident & Sickness module
Timed sets weighted like the exam, and review of every question you miss. Free to start.