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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:
Oct 4, 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

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

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Question 2

(Anthony, 26, wants to invest $500 but be able to cash it in anytime without fees and wants capital protection.

What investment should the insurance agent recommend?)

Options:

A.

An IVIC consisting of a growth fund with a 100% maturity guarantee.

B.

An IVIC consisting of a bond fund with a deferred sales charge.

C.

A redeemable guaranteed investment certificate.

D.

A market-linked guaranteed investment certificate.

Question 3

Jackson, a new life insurance agent, is planning to promote a group insurance plan to small businesses in the area. After some research, he is able to locate a list of small business contact information online. The list contains office hours, phone numbers, as well as the office addresses. He prints off the list and prepares marketing material pertaining to group insurance and mails it to each of the small businesses. Jackson’s business plan is to call the businesses one by one 14 days after the marketing material has been mailed. What should Jackson be aware of to comply with the usual business solicitation practice?

Options:

A.

Jackson’s business solicitation practice is in full compliance.

B.

Jackson’s business solicitation practice is in conflict with the Personal Information Protection and Electronic Documents Act.

C.

Jackson should make sure the businesses are not on the National Do Not Call List.

D.

Jackson should make sure to obtain consent from the businesses in order to comply with Canadian Anti-Spam Legislation.