Question # 1 Emery is a healthy wife and mother of two who spends her days caring for her children and volunteering at the local food bank. Emery would like to purchase disability insurance coverage because she is worried about how she would be able to take care of her family if she becomes disabled.
A. Guaranteed renewable policy.
B. Cancellable policy.
C. Non-traditional disability insurance.
D. None. Emery is uninsurable.
Click for Answer
C. Non-traditional disability insurance.
Question # 2 Caleb meets with Miles, his insurance agent, to invest for his retirement. Caleb tells Miles that he will not need his funds for the next 25 years, he is comfortable with market fluctuations, and he would like a fund that mimics the S&P/TSX Composite index.
A. Equity fund
B. Target date fund
C. Dividend fund
D. Index fund
Click for Answer
D. Index fund
Question # 3 Cassie applies for a $100,000 renewable 10-year term insurance policy through Mason, her insurance of persons representative. A month later, when Mason meets with Cassie again to deliver her contract, Cassie says she had to have a biopsy the previous week for a persistent cough. Mason tells her not to worry because the policy is already accepted. He completes the policy delivery. Six months later, Mason receives a call from Cassie's boyfriend informing him that Cassie died of stage 4 throat cancer.
A. No death benefit will be paid because Cassie died within 2 years of obtaining the policy.
B. No death benefit will be paid because Mason did not inform the insurance company of the change in Cassie’s insurability.
C. The death benefit will be paid because Cassie visited the doctor after filling out the application form.
D. The death benefit will be paid although Mason was negligent for delivering the policy and he would be liable towards the insurer.
Click for Answer
B. No death benefit will be paid because Mason did not inform the insurance company of the change in Cassie’s insurability.
Question # 4 Planet Source decides to implement a defined contribution pension plan (DCPP) for its 75 employees. The company's president appoints Josie, the human resources director, as the plan administrator.
A. To manage the pension plan
B. To amend the pension plan
C. To address funding shortfalls
D. To set the benefit structure
Click for Answer
A. To manage the pension plan
Question # 5 Last week, at a dinner party, Dario, an insurance agent, met Andrew, a successful businessperson with a net worth of over $10 million. Dario spent the evening following Andrew around, telling him how he could help him manage his finances. The day after the meeting, Dario sent a fruit basket to Andrew's office. Every day since, Dario has been calling and urging Andrew to meet with him and take advantage of his services and insurance products.
A. Duties and obligations towards the public
B. Duties and obligations towards clients
C. Duties and obligations towards other representatives, firms, independent partnerships, insurers and financial institutions
D. Duties and obligations towards the profession
Click for Answer
A. Duties and obligations towards the public
Question # 6 Angus is involved in a motorcycle accident and due to his injuries has to spend a few nights in the hospital. He is released from the hospital with a doctor's note indicating that he is able to perform certain parts of his job, but that it would take months until he can be back to normal. He promptly calls his insurance agent Dawn to ask her if he would be entitled to his disability benefits. Dawn reads his policy and tells him that he will not receive any disability benefits.
A. Own occupation
B. Any occupation
C. Regular occupation
D. Total disability (according to the CPP)
Click for Answer
B. Any occupation
Question # 7 Marvyn meets with his client, Edlyn, a 67-year-old retired widow who wants to purchase long-term care insurance. Edlyn receives monthly benefits from the Canada Pension Plan (CPP), Old Age Security (OAS), and a registered life annuity. She lives in a mortgage-free condo that she would like to bequeath to her son upon her death.
A. Protection of loss of income.
B. Protection of assets.
C. Protection of savings.
D. Protection of retirement income.
Click for Answer
B. Protection of assets.
Question # 8 Larry, an insurance agent, meets with Ethan, a freelance photographer, to review his insurance needs. Larry tells Ethan that he wants to collect all pertinent financial information to prepare a net worth statement for Ethan.
A. To have enough information to identify where Ethan spends his money.
B. To determine Ethan's various sources of income.
C. To determine how much Ethan can spend on accident and sickness insurance premiums.
D. To determine if Ethan has enough resources to cover medical expenses if he had a medical emergency.
Click for Answer
D. To determine if Ethan has enough resources to cover medical expenses if he had a medical emergency.
Up-to-Date
We always provide up-to-date LLQP exam dumps to our clients. Keep checking website for updates and download.
Excellence
Quality and excellence of our Life License Qualification Program (LLQP) practice questions are above customers expectations. Contact live chat to know more.
Success
Your SUCCESS is assured with the LLQP exam questions of passin1day.com. Just Buy, Prepare and PASS!
Quality
All our braindumps are verified with their correct answers. Download Life License Qualification Program Practice tests in a printable PDF format.
Basic
$80
Any 3 Exams of Your Choice
3 Exams PDF + Online Test Engine
Buy Now
Premium
$100
Any 4 Exams of Your Choice
4 Exams PDF + Online Test Engine
Buy Now
Gold
$125
Any 5 Exams of Your Choice
5 Exams PDF + Online Test Engine
Buy Now
Passin1Day has a big success story in last 12 years with a long list of satisfied customers.
LLQP Dumps
We have recently updated IFSE Institute LLQP dumps study guide. You can use our Life License Qualification Program braindumps and pass your exam in just 24 hours. Our Life License Qualification Program (LLQP) real exam contains latest questions. We are providing IFSE Institute LLQP dumps with updates for 3 months. You can purchase in advance and start studying. Whenever IFSE Institute update Life License Qualification Program (LLQP) exam, we also update our file with new questions. Passin1day is here to provide real LLQP exam questions to people who find it difficult to pass exam
What Our Customers Say
Jeff Brown
Thanks you so much passin1day.com team for all the help that you have provided me in my IFSE Institute exam. I will use your dumps for next certification as well.
Mareena Frederick
You guys are awesome. Even 1 day is too much. I prepared my exam in just 3 hours with your LLQP exam dumps and passed it in first attempt :)
Ralph Donald
I am the fully satisfied customer of passin1day.com. I have passed my exam using your Life License Qualification Program (LLQP) braindumps in first attempt. You guys are the secret behind my success ;)
Lilly Solomon
I was so depressed when I get failed in my Cisco exam but thanks GOD you guys exist and helped me in passing my exams. I am nothing without you.
