LLQP Accident & Sickness Practice Questions - LLQP Accident And Sickness Insurance Module (Life Licence Qualification Program, Canada) Exam

Which statement best describes the survival period in a critical illness insurance policy?

The number of years the policy stays in force A waiting period after the policy is issued before any claim is allowed A period the insured must survive after diagnosis before the benefit is payable The period during which premiums are waived after a claim

Correct Answer:

A period the insured must survive after diagnosis before the benefit is payable

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