Review a compact LLQP Accident and Sickness cheat sheet for disability income, critical illness, long-term care, health coverage, travel insurance, benefit triggers, coordination, claims, and servicing traps before Finance Prep practice.
Use this Accident and Sickness cheat sheet before a module set. The key move is to identify the health or income exposure first, then match the benefit trigger, waiting period, coordination rule, and servicing response to the client facts.
| Item | Accident and Sickness cue |
|---|---|
| Program | LLQP |
| Module | Accident and Sickness |
| Common format cue | modular Canadian licensing exam with scenario-based multiple-choice questions |
| Main practice behavior | connect the client exposure to benefit trigger, definition, waiting period, and coordination |
| Finance Prep status | live practice available |
| Area | Weight | What to know | Common trap |
|---|---|---|---|
| Needs analysis | 35% | income interruption, medical expense, critical illness, long-term care, travel, existing benefits | choosing coverage without identifying the exposure |
| Product analysis | 30% | disability definitions, elimination periods, benefit periods, CI triggers, LTC triggers, exclusions | confusing reimbursement, lump-sum, and income-replacement products |
| Recommendation implementation | 25% | offsets, replacement ratios, coordination, disclosure, application, documentation | layering coverage without checking duplication or limits |
| In-force service | 10% | claim support, renewal, changes, recurrence, follow-up, continuing obligations | overstating what the policy will pay at claim time |
Start with the exposure, not the product. Most LLQP Accident and Sickness traps come from matching a real client problem to the wrong benefit trigger or payment design.
flowchart LR
Exposure["Client exposure"] --> Trigger["Benefit trigger"]
Trigger --> Timing["Waiting and benefit period"]
Timing --> Coordination["Coordination and offsets"]
Coordination --> Recommendation["Suitable recommendation"]
Recommendation --> Service["Claim or service action"]
Use this table after a missed item to decide what to drill next.
| Controlling factor | What to drill next |
|---|---|
| The client needed income replacement after disability | disability definitions, elimination period, benefit period, replacement ratio, offsets |
| The client needed a lump sum after diagnosis | critical illness triggers, survival period, exclusions, use of proceeds |
| Existing group coverage changed the gap | group versus individual coverage, coordination, portability, duplication, limits |
| The issue involved long-term care or loss of independence | eligibility triggers, care setting, benefit design, claim evidence |
| The question was about post-sale handling | claim support, recurrence, renewal, policy changes, client communication |
For every missed item, label the exposure: income loss, serious illness, long-term care, health expense, travel risk, or servicing. If you cannot label the exposure quickly, drill needs analysis. If you can label it but miss the answer, drill product analysis and implementation.