LLQP Life Insurance · Component 3.1 · 25% of the exam
Medical evidence requirements (paramedical, blood profile, ECG) are generally determined by:
- AThe agent, who knows the applicant and can judge what evidence the underwriter is likely to need in order to assess the risk
- BA random selection process, so that applicants cannot predict which of them will be tested
- The applicant's age and the amount applied for, according to the insurer's requirement grid
- DThe beneficiary, who has the greatest interest in the policy being issued on accurate evidence
Correct answer: C) The applicant's age and the amount applied for, according to the insurer's requirement grid
Insurers publish age-and-amount grids: small amounts on young applicants may need only questions; large amounts or older ages require tests. Disclosed conditions add requirements. Knowing the grid lets the agent prepare the client.
Why the other options are wrong
- AThe agent does not set requirements.
- BRequirements are systematic, not random.
- DThe beneficiary is irrelevant.
Exam tip
Check the insurer's age/amount grid before promising a 'no medical' issue.
Common mistake
Telling a client no tests will be needed without checking the grid.
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.