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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:
298
Last Updated:
Jan 13, 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

Owen meets with his insurance agent, Rachel, to review his investments. Owen is interested in segregated funds. In particular, he wants to know more about the reset feature.

What should Rachel tell Owen about resetting his funds?

Options:

A.

All segregated funds offer a reset feature.

B.

The reset feature may be automatic.

C.

There is no additional cost for a fund that provides a reset feature.

D.

The reset feature can be used if the market value increases or decreases.

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Question 2

The one-year anniversary of Sally’s disability policy is quickly approaching. She recently received a letter in the mail from the insurer outlining the requirements to increase her monthly benefit via the future purchase option she added when she initially got the policy. What is required of Sally to increase her monthly benefit?

Options:

A.

Medical underwriting.

B.

Financial underwriting.

C.

Paramedical exam.

D.

Inspection report.

Question 3

(Miles receives a $500,000 inheritance. He wants to invest it in a high-risk segregated fund but is nervous about potential losses.

What unique advantage of segregated funds enables Miles to pursue this strategy?)

Options:

A.

The exemption from probate

B.

The maturity guarantee

C.

The ability to reset

D.

The tax benefit of capital losses