LLQP (Life Licence Qualification Program) Practice Exam · Question
What does 'post-claims underwriting' refer to?
Post-claims underwriting (common in travels insurance, but to be avoided in life/health) is when an insurer waits until a claim is made to investigate the appli
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Question: What does 'post-claims underwriting' refer to?
Answer options: ✅ The insurer assesses the risk only after a claim is filed.
- The insurer assesses the risk when the application is submitted.
- The agent decides if the client is insurable based on a visual check.
- The client is guaranteed coverage but must prove health after 2 years.
Correct answer: The insurer assesses the risk only after a claim is filed.
Explanation: Post-claims underwriting (common in travels insurance, but to be avoided in life/health) is when an insurer waits until a claim is made to investigate the application's validity. High-quality practice involves full underwriting at the time of application.
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- A life insurance policy that offers lifelong coverage, a guaranteed death benefit, and a savings component tha
- Group benefits in Canada commonly include:
- Sarah, a 35-year-old marketing professional in Ontario, purchases a participating whole life insurance policy
- Mark, a 45-year-old business owner in British Columbia, has a Universal Life policy with a Level Cost of Insur
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