on 3 What criterion must the life insured meet in order to receive benefits under a Cl policy? ed out of Select one: a. The life insured must have been diagnosed with a covered illness and must have survived a minimum of 30 days. b. The life insured must have been diagnosed with a covered illness and must have died within 30 days. c. The life insured must be unable to do two or more ADLs. d. The life-Insured must meet the definition of disability as defined in the policy. on 4 dout of Nicholas is a new insurance agent. Although his legal name is Nicholas, he uses the name Nick on his business card and when corresponding with clients. After completing the full LLOP, Nick applies for a license that will allow him to sell various products including life insurance, A&S insurance, segregated funds, and even annuities. He has found that many of his clients were impressed by the retirement options available through the use of annuities. When marketing himself to clients, Nick hold himself out as a financial planner because he primarily works with retirees. To further develop his knowledge base, Nick is working through a program recognized by the Financial Planning Standards Council. Nick is very proud of his accomplishments, and has displayed his insurance license in the client meeting area of his office. Is Nick holding himself out property? on Select one a. No. Nick should not be holding himself out as a financial planner. b. No. Nick should not be offering retirement advice if he is an insurance agent c. No. Nicks license should not be displayed in a public area, because this gives the impression that the regulator supports his recommendations d. No. Nick must use the exact name that is on his license when dealing with clients