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IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 91 Topic 10 Discussion

IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 91 Topic 10 Discussion

LLQP Exam Topic 10 Question 91 Discussion:
Question #: 91
Topic #: 10

Coraline is a landscape gardener who owns a disability insurance (DI) policy. The policy will pay her a $3,000 monthly benefit after a 90-day waiting period. She is diagnosed with cancer, and because she has to undergo months of chemotherapy, she will be unable to work. She calls Robin, her insurance agent, to inform him of her diagnosis. She would like to know more information about the claims process.

Which of the following statements is CORRECT?


A.

Coraline must contact her agent by phone within 30 days of learning about her diagnosis.


B.

Coraline has 30 days to provide the insurer with all of the information required to process the claim.


C.

The insurer must pay Coraline the benefit amount within 30 days after receipt of the proof of loss.


D.

The payment of the initial benefit to Coraline must occur within 30 days after the end of the waiting period.


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