LLQP Life Insurance · Component 3.1 · 25% of the exam
A client is offered coverage through an accelerated process with no fluids or examination. The agent should explain that:
- Ano health questions are asked at all under an accelerated process
- Baccelerated underwriting is offered only for amounts above the insurer's stated non-medical limit
- the application still relies on truthful answers, which the insurer can verify at a claim
- Dthe coverage becomes incontestable immediately because no evidence was gathered
Correct answer: C) the application still relies on truthful answers, which the insurer can verify at a claim
Accelerated processes use data sources and analytics instead of routine testing, but the declarations remain the basis of the contract. An inaccurate answer can still support rescission during the contestability period.
Why the other options are wrong
- AHealth questions are central to an accelerated process.
- BAccelerated programs generally apply below stated limits.
- DThe ordinary contestability period applies.
Exam tip
Less evidence gathered up front means more scrutiny at a claim.
Common mistake
Telling a client that fewer requirements means answers matter less.
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 Life Insurance module. Written against the published curriculum.
More from component 3
- At policy delivery, the agent should obtain:
- The effective date of a life insurance policy is generally:
- A client's application is approved but he has not paid the first premium when the policy is delivered. The agent should:
- A pre-authorized debit form is part of implementation because:
- During implementation, the agent learns the client wants the policy owned by her corporation instead of personally, as first applied for. The correct step is:
- Which of the following is a legitimate reason an insurer might refuse to issue a policy even after favourable underwriting?
Practice the whole Life Insurance module
Timed sets weighted like the exam, and review of every question you miss. Free to start.