Month End Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: get65

IFSE Institute Updated LLQP Exam Questions and Answers by tommy-lee

Page: 3 / 16

IFSE Institute LLQP Exam Overview :

Exam Name: Life License Qualification Program (LLQP)
Exam Code: LLQP Dumps
Vendor: IFSE Institute Certification: Life License Qualification Program
Questions: 227 Q&A's Shared By: tommy-lee
Question 12

Joshua took out key person disability insurance for his computer engineer, Younes. Monthly benefits after a 60-day waiting period amount to $5,000 a month for 12 months with a replacement expense benefit rider of $2,500 a month. Following a ski accident, Younes remainedin a coma. It took Joshua six months to find a replacement with the same knowledge and skills as Younes. How much did Joshua receive from the insurer?

Options:

A.

$75,000

B.

$65,000

C.

$60,000

D.

$50,000

Discussion
Question 13

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.

Given this information, which of the following is Edlyn looking to protect by purchasing long-term care insurance?

Options:

A.

Protection of loss of income.

B.

Protection of assets.

C.

Protection of savings.

D.

Protection of retirement income.

Discussion
Ace
No problem! I highly recommend Cramkey Dumps to anyone looking to pass their certification exams. They will help you feel confident and prepared on exam day. Good luck!
Harris Oct 31, 2024
That sounds amazing. I'll definitely check them out. Thanks for the recommendation!
Anaya
I found so many of the same questions on the real exam that I had already seen in the Cramkey Dumps. Thank you so much for making exam so easy for me. I passed it successfully!!!
Nina Oct 14, 2024
It's true! I felt so much more confident going into the exam because I had already seen and understood the questions.
Inaaya
Are these Dumps worth buying?
Fraser Oct 9, 2024
Yes, of course, they are necessary to pass the exam. They give you an insight into the types of questions that could come up and help you prepare effectively.
Alaia
These Dumps are amazing! I used them to study for my recent exam and I passed with flying colors. The information in the dumps is so valid and up-to-date. Thanks a lot!!!
Zofia Sep 9, 2024
That's great to hear! I've been struggling to find good study material for my exam. I will ty it for sure.
Yusra
I passed my exam. Cramkey Dumps provides detailed explanations for each question and answer, so you can understand the concepts better.
Alisha Aug 29, 2024
I recently used their dumps for the certification exam I took and I have to say, I was really impressed.
Question 14

Cory is a recent college graduate who has just been hired by a marketing firm in an entry-level position. His employer group benefits only cover a short-term disability to a maximum of 119 days. He meets with an insurance agent to talk about disability coverage. To fully cover his salary, he would require a $3,000 monthly benefit. In reviewing options, he thinks that his ideal coverage of a 30-day waiting period and a “to age 65” benefit period comes at a cost that exceeds his budget. What recommendation should the insurance agent make to Cory regarding coverage?

Options:

A.

Extend the waiting period to reduce the monthly premium.

B.

Shorten the benefit period to reduce the monthly premium.

C.

Reduce the monthly benefit to reduce the monthly premium.

D.

Wait until his income has increased and he can afford the premium.

Discussion
Question 15

The company Xtra is growing. Mr. Trenet, chair of the executive committee, invites his financial security advisor, Noah, to meet with them to underwrite an annuity contract. The treasurer of Xtra offers to invest $2,500,000 of the company’s retained earnings. Before voting on a resolution to designate a policyholder, the treasurer asks Noah if Xtra can be designated as the policyholder instead of Mr. Trenet. What answer should Noah give?

Options:

A.

Only an individual can be a policyholder; therefore, Noah can recommend that Mr. Trenet be the policyholder

B.

For Xtra to become the subscriber of the contract, the investment amount must come from aregistered plan, such as a retirement fund

C.

Because Xtra is a legal person, Xtra can be the policyholder; Mr. Trenet must be the subrogated annuitant to approve decisions on behalf of Xtra

D.

If the capital is not registered, Xtra can be the policyholder

Discussion
Page: 3 / 16

LLQP
PDF

$36.75  $104.99

LLQP Testing Engine

$43.75  $124.99

LLQP PDF + Testing Engine

$57.75  $164.99