CertsTopics Logo

New Year Sale 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: save70

IFSE Institute LLQP Exam With Confidence Using Practice Dumps

Exam Code:
LLQP
Exam Name:
Life License Qualification Program (LLQP)
Certification:
Life License Qualification Program
Vendor:
IFSE Institute
Questions:
298
Last Updated:
Jan 18, 2026
Exam Status:
Stable
IFSE Institute LLQP

LLQP: Life License Qualification Program Exam 2025 Study Guide Pdf and Test Engine

Are you worried about passing the IFSE Institute LLQP (Life License Qualification Program (LLQP)) exam? Download the most recent IFSE Institute LLQP braindumps with answers that are 100% real. After downloading the IFSE Institute LLQP exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the IFSE Institute LLQP exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the IFSE Institute LLQP exam on your first attempt, we have compiled actual exam questions and their answers. 

Our (Life License Qualification Program (LLQP)) Study Materials are designed to meet the needs of thousands of candidates globally. A free sample of the CompTIA LLQP test is available at CertsTopics. Before purchasing it, you can also see the IFSE Institute LLQP practice exam demo.

Get LLQP Full Access

Related IFSE Institute Exams

Life License Qualification Program (LLQP) Questions and Answers

Get Free LLQP Questions and Answers
Question 1

(Germaine, a shareholder-manager, already has a group RRSP for her employees. She now wants to establish a second group savings plan that allows employees to withdraw money at any time without additional taxes or penalties.

Which plan fits her needs?)

Options:

A.

ADBPP.

B.

A group TFSA.

C.

APRPP.

D.

ADPSP.

Buy Now
Question 2

Adèle retired a few months ago. She sold some of her assets and would like to use the funds to take out a term annuity to increase her retirement income. Adèle brings a $300,000 cheque to Germain, her financial security advisor, and wants to begin receiving lifetime guaranteedbenefits in one month with the right to use capital in the event of an emergency. When Germain tells her about alienating capital, the capitalization phase, and the payment phase, Adèle becomes confused and asks for clearer explanations. What can Germain say to help Adèle understand?

Options:

A.

If her capital is alienated now, i.e., if ownership of the money is transferred to the insurer, the insurer will be able to guarantee all the conditions of the annuity. Since the first benefit will be paid in a month, the contract will automatically be in the payment phase

B.

The alienation will allow Adèle to keep ownership of the capital and use it in the event of an emergency. The capitalization phase will enable the insurer to grow the capital before paying the annuity

C.

The contract will be a deferred annuity contract for one month and will be in the accumulation phase until the insurer takes possession of the $300,000 in capital. For benefits to be paid, the contract will enter the payment phase

D.

To grow the transferred capital and pay the annuities as planned, the contract will be an immediate annuity contract in the capitalization phase until the annuity’s guaranteed phase expires. The contract will then enter the payment phase

Question 3

Andrea, owner of Andrea’s Fashions Inc., employs her designer daughter Judy, who will carry on the business after Andrea is gone. Wishing to ensure that the business would not suffer financially when Andrea passes away, Andrea decides at age 50 to have her business own, pay for, and be the beneficiary of life insurance on Andrea's life. The type of insurance that best suits is non-convertible Term 10 life insurance renewable until age 80.

What should her life insurance agent advise regarding this policy?

Options:

A.

The coverage will end at Andrea’s age 80.

B.

The coverage can be converted to permanent insurance at any time.

C.

The coverage can only be renewed once.

D.

The coverage will pay a benefit to Judy upon Andrea's death.

Get Free LLQP Questions and Answers