Legit LLQP Exam Download

Comprehensive and Detailed Explanation:

“Any occupation” disability insurance pays benefits only if the insured cannot work inanyjob for which they are reasonably suited by education, training, or experience. For a dentist like Pierre-Marc, whose substantial income relies on specialized skills, this is restrictive. “Own occupation” coverage pays if he cannot perform his specific job (dentistry), even if he can work elsewhere (Chapter 2:Insurance to Protect Income).

Option A: Incorrect; “any occupation” is less flexible, not more, and doesn’t pay if he can work elsewhere, regardless of choice.

Option B: Incorrect; benefits stop if he can work elsewhere, whether he chooses to or not.

Option C: Incorrect; an AD&D rider addresses specific losses, not income replacement adequacy.

Option D: Correct; “own occupation” suits his high-income, specialized profession, ensuring benefits if he can’t practice dentistry, even if he takes another job.

Comprehensive and Detailed Explanation:

Zaheb, as the agent, should educate employees via an information program to clarify coverage (e.g., generic vs. brand name drugs) (Chapter 8:Group Plan Specifics).

Option A: Incorrect; Alumo lacks expertise.

Option B: Incorrect; MIB doesn’t explain plans.

Option C: Correct; agent’s role.

Option D: Incorrect; insurer delegates to agent.

Arthur’s eligibility for Long-Term Care (LTC) benefits depends on his inability to perform a specified number ofActivities of Daily Living (ADLs), which generally include bathing, dressing, feeding, toileting, transferring, and continence. In most LTC policies, to qualify for benefits, the policyholder typically needs to be unable to perform at least two of these ADLs. In Arthur's case, while he requires help with dressing and meal preparation, he can perform other ADLs such as feeding himself and bathing (with some assistance). This indicates that he can perform enough ADLs to make him ineligible under the typical LTC requirements​. Therefore, option D is correct, as his inability to dress alone does not meet the usual threshold required for benefit eligibility under most LTC policies.

Comprehensive and Detailed Explanation:

Lower premiums result from higher deductibles (more out-of-pocket cost) and lower co-insurance (less insurer payout) (Chapter 7:Insurance Recommendation, Contract, and Service Needs).

Current: Drugs ($50 deductible, 80% co-insurance), Dental ($100 deductible, 70% co-insurance).

Option A: Lower drug deductible increases premiums; only half-correct.

Option B: Lower deductibles and co-insurance increase premiums; incorrect.

Option C: Correct; higher deductibles and lower co-insurance reduce premiums.

Option D: Lower deductibles raise premiums; incorrect.