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Eloise has critical illness coverage through her group insurance plan at work. She is 54 years old, in excellent health, and is planning to retire soon. She meets with Sonia, her insurance agent, to plan her retirement and to make sure she will still be covered in the event of critical illness. To make sure she is not a burden on her family, Eloise would also like to receive monthly benefits in the event she is placed in an assisted living facility. What should Sonia tell her?
Correct Answer: C
Comprehensive and Detailed Explanation: Group critical illness (CI) coverage typically ends upon retirement unless a conversion option is explicitly offered, which is rare (Chapter 8:Group Plan Specifics). Eloise needs CI for lump-sum protection and long- term care (LTC) insurance for monthly benefits in an assisted living facility (Chapter 4:Insurance to Protect Savings). Option A: Incorrect; group CI rarely converts to individual CI, and it doesn't address LTC needs. Option B: Partially correct but incomplete; it misses LTC for assisted living. Option C: Correct; CI ends at retirement, requiring individual CI, and LTC insurance meets her assisted living goal. Option D: Incorrect; disability insurance replaces income, not CI or LTC benefits. Reference: LLQP Accident and Sickness Insurance Manual, Chapter 4:Insurance to Protect Savings, Chapter 8:Group Plan Specifics.