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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:
May 6, 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

Eric is an architect who owns his own firm. He employs three staff and is in his fifth year of operation. While recently meeting with his insurance agent for an annual review of his coverage, he mentioned to the agent that he had recently purchased a new printing system and has a sizeable loan on it. In the event of disability, what type of insurance coverage could the agent suggest to ensure the loan payments are made?

Options:

A.

Key person disability insurance.

B.

Business overhead expense disability insurance.

C.

Disability buyout insurance.

D.

Business loan protection disability insurance.

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Question 2

Insurer ABC analyzed the disability claim of Monique, who says she is going through a serious depression that is keeping her from being able to do her work. Unfortunately, the insurer believes that Monique is fit to work. She asked the insurer to revise her position but has received a final letter from the insurer refusing to pay her short-term disability benefits. What recourse does Monique have if she does not want to consult a lawyer just yet?

Options:

A.

Lodge a complaint with the Chambre de la sécurité financière and the syndic

B.

Lodge a complaint with the Office of the Superintendent of Financial Institutions

C.

Lodge a complaint with the OmbudService for Life & Health Insurance and the AMF

D.

Lodge a complaint with the Canadian Life and Health Insurance Association

Question 3

Josh is a successful insurance agent with Smart Insurance Inc. who mentors new agents and gives them tips on how to increase their client base. He tells Clarence, a new agent, that he should send an email to close friends and family members to explain the services that he now offers. Clarence is worried about sending unsolicited promotional emails because Firash, the compliance manager, had told him that the practice is not allowed. What legislation was Firash correctly referencing?

Options:

A.

The Personal Information Protection and Electronic Documents Act (PIPEDA).

B.

The Privacy Act.

C.

Canada’s Anti-Spam Legislation (CASL).

D.

The Criminal Code.