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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:
Dec 6, 2025
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. 

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Life License Qualification Program (LLQP) Questions and Answers

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Question 1

Ashley meets with her life insurance agent for a needs analysis. She wants her two kids, currently nine and seven, to be well provided for in the event of her untimely death. Ashley is also concerned about the tax liability that her RRSPs will create for her children. Her need for life insurance is determined to be $800,000 to support the children and $50,000 for the tax liability.

Ashley decides to purchase a term life insurance policy to provide for her young children if need be, and a permanent policy for the tax liability.

How should Ashley set up the beneficiary designations?

Options:

A.

Name her estate as the beneficiary of both policies.

B.

Name the children, with a trustee, as the beneficiaries of both policies.

C.

Name her estate as the beneficiary of the term policy and the children, with a trustee, as the beneficiaries of the permanent policy.

D.

Name her estate as the beneficiary of the permanent policy and the children, with a trustee, as the beneficiaries of the term policy.

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Question 2

Xander fills out a life insurance application to purchase a $75,000 policy. The policy is accepted by the insurer and delivered to him on March 3. He pays the first month’s premium upon receipt of the policy. Unfortunately, on March 9, Xander loses his job and decides that he no longer wants the policy. What will be the consequence of this cancellation?

Options:

A.

Xander's policy will be cancelled, and he will receive a full premium refund.

B.

Xander's policy will be cancelled, but he will not receive any premium refund.

C.

Xander will be obligated to reinstate the policy once he finds new employment.

D.

Xander will not be allowed to cancel the policy because he already accepted it.

Question 3

Manitoba resident Patrice works for ABC Inc. where he is covered by group life insurance. He consults Louise, his insurance agent, because he wants to maintain some life insurance coverage when he retires at age 65.

How much of Patrice’s group life insurance can he convert to individual life insurance coverage when he retires?

Options:

A.

None, because he must leave the plan.

B.

The amount of his group life insurance coverage by providing proof of insurability.

C.

Up to $200,000 without proof of insurability.

D.

Up to $200,000 with proof of insurability.

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