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LLQP- Accident and Sickness Questions with Detailed
Verified Answers
Which of the following individuals is most likely to need the highest amount in disability insurance?
Ans: ✓ ✓ ✓ Bevis who is single and earns $70,000 a year and has a dependent mother.
Sheryl, age 64, owns a disability insurance (DI) policy with a monthly benefit of $3,200 and a 30-day
waiting period. The policy expires at age 65 and includes a return of premium rider. When Sheryl
was injured a few years ago, she received benefits for 3 months. She has paid $21,000 so far toward
policy premiums. If Sheryl makes no more claims until the policy expires, what is the amount of
premium that will be refunded to her? Ans: ✓ ✓ ✓ $11,400
Miranda is a new client. She has been interviewed about her personal situation. Her family includes
her husband and their two children, aged 14 and 16. She works as a medical assistant to a
cardiologist. Miranda is in good health at the moment, but is worried because both her parents and
all of her grandparents had Type 2 diabetes. Also, her mother had breast cancer which, fortunately,
was diagnosed at an early stage.
What impact will Miranda's family health history have on her insurance application? Ans: ✓ ✓ ✓ In
the case of a critical illness or long-term care policy, it may lead to a restriction of coverage.
Jude owns a company that manufactures winter gear. The business has been quite profitable so far
and he hopes his son will take over the business and carry on his legacy. Jude's goal of business
succession directly translates to which of the following individual goals? Ans: ✓ ✓ ✓ Capital
protection
Brittany has a disability insurance policy with a waiting period of four months and a disability
benefit period of two years. Her policy has a recurring disability clause, which states that she will
not be subjected to additional waiting periods if she suffers two or more instances of disability due
to the same cause within six months from the end of the previous disability period. When she fell
ill, Brittany's doctor put her on medical leave for six months. She then returned to work for three
months, but the same illness returned. This time, she was unable to work for two years.
How many monthly disability benefit payments will Brittany receive in total for these two disability
periods? Ans: ✓ ✓ ✓ 24
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While purchasing travel insurance, Maryam's insurance agent gives her a list of exclusions that
specifically applies to travel insurance. Which of the following exclusions is likely to be included in
the list provide by Maryam's agent? Ans: ✓ ✓ ✓ Medical treatment in non-emergency situations
Mauricio is filing a claim for disability insurance. He calls his agent, Reyna, who is also his sister-in-
law, to ask for the forms to fill out. Reyna drops them off at Mauricio's house, but when Mauricio
asks for help filling out the forms, Reyna refuses. Mauricio is very upset with her and demands that
she help him, as that is part of her job. How will Reyna respond? Ans: ✓ ✓ ✓ Reyna will state that
she considers this a conflict of interest, as she represents both the insured and the insurer.
Adam is meeting with his insurance agent Sabrina. Adam is a professional engineer and belongs to a
professional association for engineers. The association includes other engineers, but they do not
work for the same employer. The association is offering group disability coverage. Adam is already
covered under his employer's group disability plan for 60% of his salary, where the employer pays
75% of the premium. Adam would like to augment his coverage with an individual disability policy
or the association for engineer's group disability policy. Adam earns $80,000 per year and has
annual expenses of $60,000 a year. Identify the recommendation that Sabrina should provide to
Adam based on his situation. Ans: ✓ ✓ ✓ Adam should obtain an individual policy that is tailored
to his needs, so he is not over-insured.
During a review meeting, Bruce recommends his client, Tyra, to replace her existing disability
insurance policy with a new one. Which of the following should Bruce ensure while recommending
a replacement? Ans: ✓ ✓ ✓ He should ensure that the recommendation is in Tyra's best interest
with proper disclosure.
Liz has disability coverage through her employer's group disability policy and an individual disability
policy. Liz earns $90,000 a year and her employer's plan will provide coverage for 70% of this
amount. Liz's personal policy provides a monthly benefit of $3,000. Liz suffers a disability at work
and applies for benefits under both policies. Identify the statement that best describes the benefits
that Liz will receive. Ans: ✓ ✓ ✓ Liz's personal policy will be the first payer of $3,000 a month and
her group policy will top up to 85% of the pre-disability income.
Karen paid $2,200 annually for her LTC insurance policy, including a $550 annual extra premium for
a return of premium rider that provides a 35% refund of total premiums paid over a 10-year claim-
free period. If she dies this year after having paid into the policy and after being claims-free for 10
years, how much death benefit will be paid? Ans: ✓ ✓ ✓ $7,700
Fen is planning to obtain a mortgage of $400,000 to purchase his dream home. He plans to
purchase an insurance contract that would help him repay the mortgage if he is unable to make the
payments due to an illness or disability. However, he is unsure if he should purchase a mortgage
disability insurance or an individual disability insurance. An advantage that Fen is likely to have
© Get it right 2025 Getaway - Stuvia US All rights reserved
LLQP- Accident and Sickness Questions with Detailed
Verified Answers
Which of the following individuals is most likely to need the highest amount in disability insurance?
Ans: ✓ ✓ ✓ Bevis who is single and earns $70,000 a year and has a dependent mother.
Sheryl, age 64, owns a disability insurance (DI) policy with a monthly benefit of $3,200 and a 30-day
waiting period. The policy expires at age 65 and includes a return of premium rider. When Sheryl
was injured a few years ago, she received benefits for 3 months. She has paid $21,000 so far toward
policy premiums. If Sheryl makes no more claims until the policy expires, what is the amount of
premium that will be refunded to her? Ans: ✓ ✓ ✓ $11,400
Miranda is a new client. She has been interviewed about her personal situation. Her family includes
her husband and their two children, aged 14 and 16. She works as a medical assistant to a
cardiologist. Miranda is in good health at the moment, but is worried because both her parents and
all of her grandparents had Type 2 diabetes. Also, her mother had breast cancer which, fortunately,
was diagnosed at an early stage.
What impact will Miranda's family health history have on her insurance application? Ans: ✓ ✓ ✓ In
the case of a critical illness or long-term care policy, it may lead to a restriction of coverage.
Jude owns a company that manufactures winter gear. The business has been quite profitable so far
and he hopes his son will take over the business and carry on his legacy. Jude's goal of business
succession directly translates to which of the following individual goals? Ans: ✓ ✓ ✓ Capital
protection
Brittany has a disability insurance policy with a waiting period of four months and a disability
benefit period of two years. Her policy has a recurring disability clause, which states that she will
not be subjected to additional waiting periods if she suffers two or more instances of disability due
to the same cause within six months from the end of the previous disability period. When she fell
ill, Brittany's doctor put her on medical leave for six months. She then returned to work for three
months, but the same illness returned. This time, she was unable to work for two years.
How many monthly disability benefit payments will Brittany receive in total for these two disability
periods? Ans: ✓ ✓ ✓ 24
© Get it right 2025 Getaway - Stuvia US All rights reserved
, Click here for more: Scholars nexus
While purchasing travel insurance, Maryam's insurance agent gives her a list of exclusions that
specifically applies to travel insurance. Which of the following exclusions is likely to be included in
the list provide by Maryam's agent? Ans: ✓ ✓ ✓ Medical treatment in non-emergency situations
Mauricio is filing a claim for disability insurance. He calls his agent, Reyna, who is also his sister-in-
law, to ask for the forms to fill out. Reyna drops them off at Mauricio's house, but when Mauricio
asks for help filling out the forms, Reyna refuses. Mauricio is very upset with her and demands that
she help him, as that is part of her job. How will Reyna respond? Ans: ✓ ✓ ✓ Reyna will state that
she considers this a conflict of interest, as she represents both the insured and the insurer.
Adam is meeting with his insurance agent Sabrina. Adam is a professional engineer and belongs to a
professional association for engineers. The association includes other engineers, but they do not
work for the same employer. The association is offering group disability coverage. Adam is already
covered under his employer's group disability plan for 60% of his salary, where the employer pays
75% of the premium. Adam would like to augment his coverage with an individual disability policy
or the association for engineer's group disability policy. Adam earns $80,000 per year and has
annual expenses of $60,000 a year. Identify the recommendation that Sabrina should provide to
Adam based on his situation. Ans: ✓ ✓ ✓ Adam should obtain an individual policy that is tailored
to his needs, so he is not over-insured.
During a review meeting, Bruce recommends his client, Tyra, to replace her existing disability
insurance policy with a new one. Which of the following should Bruce ensure while recommending
a replacement? Ans: ✓ ✓ ✓ He should ensure that the recommendation is in Tyra's best interest
with proper disclosure.
Liz has disability coverage through her employer's group disability policy and an individual disability
policy. Liz earns $90,000 a year and her employer's plan will provide coverage for 70% of this
amount. Liz's personal policy provides a monthly benefit of $3,000. Liz suffers a disability at work
and applies for benefits under both policies. Identify the statement that best describes the benefits
that Liz will receive. Ans: ✓ ✓ ✓ Liz's personal policy will be the first payer of $3,000 a month and
her group policy will top up to 85% of the pre-disability income.
Karen paid $2,200 annually for her LTC insurance policy, including a $550 annual extra premium for
a return of premium rider that provides a 35% refund of total premiums paid over a 10-year claim-
free period. If she dies this year after having paid into the policy and after being claims-free for 10
years, how much death benefit will be paid? Ans: ✓ ✓ ✓ $7,700
Fen is planning to obtain a mortgage of $400,000 to purchase his dream home. He plans to
purchase an insurance contract that would help him repay the mortgage if he is unable to make the
payments due to an illness or disability. However, he is unsure if he should purchase a mortgage
disability insurance or an individual disability insurance. An advantage that Fen is likely to have
© Get it right 2025 Getaway - Stuvia US All rights reserved
