Free IFSE Institute LLQP Exam Questions
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IFSE Institute LLQP Exam Questions
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Provided By: IFSE Institute
- Exam: Life License Qualification Program (LLQP) Certification
- Certification: IFSE Certification
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Total Questions: 150
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Updated On: Nov 20, 2024
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Rated: 4.9 |
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Online Users: 300
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Question 1
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Ten years ago, Anastasia purchased a $125,000 10-year term renewable life insurance policy. Her
insurance need has not changed, and she is still in good health. She asks her insurance agent Raphael
what she should do.
Answer: B
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Ten years ago, Anastasia purchased a $125,000 10-year term renewable life insurance policy. Her
insurance need has not changed, and she is still in good health. She asks her insurance agent Raphael
what she should do.
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Question 2
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Paulette earns a modest income working as a delivery driver for FastFlowers Inc. in Quebec. Theflorist company has over 80 employees, 20 of whom are delivery drivers. The employees benefitfrom a group short- and long-term disability plan. One morning, while delivering flowers, Paulette'struck is struck by a bus. Paulette is taken to the hospital, where a doctor deems that she will beunable to work for at least 4 months. Paulette contacts Jade, the human resources manager, to askher who will pay her disability benefits.Which of the following answers is CORRECT?
Answer: B
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Paulette earns a modest income working as a delivery driver for FastFlowers Inc. in Quebec. Theflorist company has over 80 employees, 20 of whom are delivery drivers. The employees benefitfrom a group short- and long-term disability plan. One morning, while delivering flowers, Paulette'struck is struck by a bus. Paulette is taken to the hospital, where a doctor deems that she will beunable to work for at least 4 months. Paulette contacts Jade, the human resources manager, to askher who will pay her disability benefits.Which of the following answers is CORRECT?
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Question 3
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Samira, a 42-year-old single mother of four, owns an individual disability insurance (DI) policy. Lastweek, she was hospitalized because of complications from diabetes. She hired an emergency nannyto care for her children until she was healthy enough to resume her normal activities. To her relief,Samira's DI policy contains a special rider that would cover up to $250 per day for these types ofexpenses.What is the name of the rider contained in Samira's policy?
Answer: D
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Samira, a 42-year-old single mother of four, owns an individual disability insurance (DI) policy. Lastweek, she was hospitalized because of complications from diabetes. She hired an emergency nannyto care for her children until she was healthy enough to resume her normal activities. To her relief,Samira's DI policy contains a special rider that would cover up to $250 per day for these types ofexpenses.What is the name of the rider contained in Samira's policy?
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Question 4
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Kadiha invested $10,000 in a balanced fund 10 years ago, which she put into a non-registered
account. At the time, her insurance agent sold her the fund with a 75% maturity and death benefit
guarantee. Today, when the fund expires, the market value is $5,000. How much will Kadiha receive, and how will her funds be treated for tax purposes?
Answer: A
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Kadiha invested $10,000 in a balanced fund 10 years ago, which she put into a non-registered
account. At the time, her insurance agent sold her the fund with a 75% maturity and death benefit
guarantee. Today, when the fund expires, the market value is $5,000. How much will Kadiha receive, and how will her funds be treated for tax purposes?
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Question 5
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Dominic suffers a heart attack on October 1 and dies a little over a month later, on November 7. Atthe time of his death, he owned a $150,000 critical illness (CI) insurance policy, purchased 10 yearsearlier. Dominic never failed to pay the $100 monthly premium. When he died, the insurer had notyet issued the benefit payment.How will the CI benefit be treated?
Answer: A
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Dominic suffers a heart attack on October 1 and dies a little over a month later, on November 7. Atthe time of his death, he owned a $150,000 critical illness (CI) insurance policy, purchased 10 yearsearlier. Dominic never failed to pay the $100 monthly premium. When he died, the insurer had notyet issued the benefit payment.How will the CI benefit be treated?