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IFSE Institute LLQP Exam With Confidence Using Practice Dumps

Exam Code:
LLQP
Exam Name:
Life License Qualification Program (LLQP)
Vendor:
Questions:
328
Last Updated:
Mar 16, 2026
Exam Status:
Stable
IFSE Institute LLQP

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

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Life License Qualification Program (LLQP) Questions and Answers

Question 1

(Jorge meets with his new financial advisor. He brought a series of documents so that she can determine his investor profile.

Which of the following documents will not be helpful for determining Jorge’s investor profile?)

Options:

A.

His net worth statement, listing assets and liabilities.

B.

A list of his income sources during retirement.

C.

A summary of his needs and objectives.

D.

His birth certificate.

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Question 2

On June 5, Karl completed an application for critical illness coverage and paid an annual premiumof $1,250. On June 25, the underwriter approved the policy under standard conditions and sent it to the agent, who received it on July 7. The agent contacted the client on August 8 and the date for delivery was set at August 10. On August 12, Karl learns that he will lose his job at the end of the month. As such, he decides to cancel the policy, returning it to the insurer on August 15. What is the rule governing Karl’s right to have his premium refunded?

Options:

A.

He is entitled to a refund, because the policy was returned within 10 days of delivery.

B.

He is not entitled to a refund, because the policy was approved more than 30 days ago.

C.

He is entitled to a refund, because the representative delivered the policy more than 10 days after its issuance.

D.

He is not entitled to a refund, because the application was signed more than 30 days ago.

Question 3

Rowan works for a construction company that employs 40 employees. The company is newly established, and the owners have yet to implement a group insurance policy. Rowan falls off the side of a building and breaks his collar bone. The doctor informs him that he will be unable to work for five months.

Who will pay him disability benefits while he is recuperating?

Options:

A.

His employer.

B.

Employment Insurance.

C.

Canada Pension Plan.

D.

Workers' Compensation.