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LLQP Testing Engine (Downloadable)
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Update date : 17-Oct-2024
QA: 150 Answers With In-Depth Explanation
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QA : 150
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LLQP PDF Package

LLQP PDF Exam (Downloadable)
Latest 2024 Syllabus Topics Included
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Updated : 17-Oct-2024
QA : 150 Answers With In-Depth Explanation
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LLQP Question and answers Include

Total Questions: 150 Q&A's
Single Choice: 150 Q&A's

IFSE Institute LLQP Exam Dumps - Valid Questions Answers

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Related IFSE Institute Exams

IFSE Institute LLQP Last Week Results!

20

Customers Passed
IFSE Institute LLQP

93%

Average Score In Real
Exam At Testing Centre

86%

Questions came word by
word from this dump

LLQP Questions and Answers

Question # 1

Anita is a 50-year-old woman who is thinking of purchasing a $150,000 permanent life insurance policy to pay for the capital gains tax that will be payable on her country home upon her death. She had purchased the home twelve years ago and wants to bequeath the property to her niece when she dies.

Which of the following features about a permanent insurance policy is TRUE?

A.

The coverage ends when Anita turns 100.

B.

The premiums will remain level for the duration of the contract.

C.

The policy cannot be cancelled by Anita.

D.

Anita must contact the insurer if there is a change in the insurability.

Question # 2

Konrad is the owner of CrossBoy, a manufacturing company employing over 50 employees. Konrad recently took out a $500,000 loan to expand his business. Terrence works as a sales manager and is responsible for roughly 40% of the company’s revenue. Konrad recognizes the importance of Terrence's contributions to the success of the company. Therefore, in addition to a sizeable basesalary, CrossBoy also pays Terrence regular performance-based bonuses. Konrad understands that if Terrence dies prematurely, CrossBoy would suffer financially. What should he do to protect his company?

A.

Offer Terrence group life insurance plan.

B.

Purchase business-owned buy-agreement with Terrence.

C.

Purchase key person life insurance on Terrence.

D.

Purchase criss-cross insurance with Terrence.

Question # 3

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.

A.

Renew her current policy at the same rate.

B.

Renew the policy at an increased rate.

C.

Renew her policy and restart the incontestability period.

D.

Shop around for a better rate.

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