LLQP (Life Licence Qualification Program) Practice Exam · Question
Which of the following is most likely to be considered a 'core' covered condition in a standard critical illness insurance policy in Canada?
Standard critical illness policies typically cover a list of severe conditions. Alzheimer's disease is often a core covered condition, while early-stage cancers
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Question: Which of the following is most likely to be considered a 'core' covered condition in a standard critical illness insurance policy in Canada?
Answer options:
- Early-stage prostate cancer
- A severe fracture requiring surgery ✅ Alzheimer's disease
- A mild heart attack causing no permanent damage
Correct answer: Alzheimer's disease
Explanation: Standard critical illness policies typically cover a list of severe conditions. Alzheimer's disease is often a core covered condition, while early-stage cancers, mild heart attacks, or fractures are typically excluded or require more severe progression for a claim to be valid.
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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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