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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 4, 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

(Garry, a 55-year-old self-employed individual with no pension or RRSP savings, wants to make his money work for him over the next 10 years before retirement.

Which product would be suitable?)

Options:

A.

A variable income accrual annuity with deferred payment in 10 years

B.

A 10-year prescribed payout annuity

C.

An accumulation annuity with deferred payment in 10 years

D.

A 10-year immediate term accumulation annuity

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Question 2

Six years ago, Gerard, aged 28, purchased a life insurance policy.

Gerard just got married to Tanya, and they both want to purchase more insurance. Reviewing Gerard’s policy, Tanya notices that Gerard neglected to mention that he had migraines due to concussions suffered from playing football when he was a teenager. Gerard did not intentionally neglect to mention the migraines as the migraines were never an ongoing issue once he stopped playing football.

Which statement is true?

Options:

A.

Since the policy was taken out six years ago, the insurance company would have to prove that Gerard made a fraudulent material misrepresentation, or pay the policy's death benefit.

B.

The insurance company can void the contract under the contestability clause, and nopremiums would be returned to Gerard.

C.

Gerard can admit the mistake to the insurance company to ensure they cannot void the policy due to incomplete information at time of application.

D.

Since the policy was taken out six years ago, the insurance company can void the policy under the mistake clause.

Question 3

(Priscilla is worried about losing her job in six months. She invests $1,000 per month in segregated equity funds but has limited cash savings.

What should her insurance agent, Arthur, advise?)

Options:

A.

She should stop buying the segregated funds only if she loses her job.

B.

She should stop buying the segregated funds now and build an emergency fund.

C.

She should sell her segregated funds immediately to provide an emergency fund.

D.

She should leverage her segregated funds immediately to provide cash for an emergency fund.

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