LLQP Life Insurance · Component 3.1 · 25% of the exam
A large policy is applied for on a 68-year-old. The underwriter is most likely to request:
- AA passport only, so the insurer can confirm the applicant's age and identity before it issues the policy that has been applied for
- Full medical evidence, including a paramedical and blood profile, plus financial documentation
- CNothing beyond the application, since applicants over 65 are issued on a simplified basis to speed the process
- DA group certificate from a former employer, so the insurer can confirm the applicant was previously insured
Correct answer: B) Full medical evidence, including a paramedical and blood profile, plus financial documentation
Age and amount both push requirements up. Older-age underwriting often includes cognitive and functional screens, and large amounts require financial justification. Set the client's expectations for time and tests.
Why the other options are wrong
- AIdentification is needed but not sufficient.
- CLarge amounts at older ages require extensive evidence.
- DGroup certificates are irrelevant to an individual application.
Exam tip
Older age + large amount = maximum evidence, including financial and sometimes cognitive tests.
Common mistake
Promising an older client a quick, no-exam issue.
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.