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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:
Nov 24, 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

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.

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Question 2

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.

Question 3

Ten years ago, Anastasia purchased a $125,000 10-year term renewable life insurance policy. Her insurance need has not changed, and she is still in good health. She asks her insurance agent Raphael what she should do.

Options:

A.

Renew her current policy at the same rate.

B.

Renew the policy at an increased rate.

C.

Renew her policy and restart the incontestability period.

D.

Shop around for a better rate.

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