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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:
Dec 1, 2025
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

Josephine visits her dentist in downtown Victoria, BC, to have a cavity filled. The procedure costs her $550 but the maximum fee for a standard filling, according to the provincial dental schedule, is $400. Josephine works for a company that offers employees group dental coverage with a yearly maximum of $1,000 and an 80% co-insurance factor.

How much will Josephine receive from the insurer for her procedure?

Options:

A.

$0

B.

$320

C.

$400

D.

$440

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Question 2

Diane is an insurance agent working for Gamma Insurance Inc. who is responsible for coaching a newly licensed agent, Wick. Wick has questions about his role, and he would like to know how he should service his clients.

What should Diane tell Wick about what is expected of him?

Options:

A.

He must keep detailed notes about the services provided to clients.

B.

He must deliver to clients, newly issued policies within 30 days of acceptance.

C.

He must fill out the claim forms for his clients.

D.

He must contact his clients on a quarterly basis.

Question 3

Claire, Yvon's client, wants to make changes to her insurance portfolio. In addition to her group insurance, which provides coverage for twice her salary, she has a participating whole life policy, and a 20-year term insurance to cover her debts and provide financial protection for her son. She explains that her job has been abolished and that her employer plans to offer her something else in six months. For now, her budget is significantly affected and she also thinks she has too much insurance. She asks that Yvon cancel her insurance contracts until she starts her new job and to replace them with the least-expensive term insurance possible.

Further to Claire’s request, what should Yvon do?

Options:

A.

Fill out a new needs analysis because she is losing her group insurance coverage. She could take advantage of the cash values and the dividends left on deposit and borrow, leaving her policy as collateral.

B.

Do what Claire wants, because it is up to the client to decide. Yvon could explain to her that starting over will be more expensive, assuming that she remains insurable. Her group insurance provides her with some coverage, at least.

C.

Cancel her coverage, since the cash value and accumulated dividends will provide her with enough liquidity to replace her lost salary. Ten-year term insurance would be cheaper and she will not have to fill out a life insurance replacement declaration.

D.

Encourage Claire to keep her coverage. Yvon must show her, with an updated needs analysis, that she is temporarily losing her group coverage and that different options on her whole life policy could help her financially.