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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 14, 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

Bachir owns a successful video game business and has 10 employees. The time has come to plan business succession and the eventual sale of the business. Bachir’s nephew Kharim, who shows a real interest in the business, is identified as his successor. Bachir would like to protect his sales price until such time as the business is sold to Kharim, who does not have the funds yet and will need a few years to amass the required amount. Bachir and Kharim consult insurance agent Bianca for advice. What should Bianca propose?

Options:

A.

Disability buyout coverage in the event of Kharim’s disability.

B.

Business loan protection.

C.

Key person coverage.

D.

Disability buyout coverage in the event of Bachir’s disability.

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Question 2

Li Jun, 50, applies for a $250,000 critical illness (CI) insurance policy with his insurance agent Ming. On the application, Li Jun states that he must take pills daily to manage his hypertension. Aside from this, his health is good. Given his age and hypertension issue, he is worried that the insurer may refuse his application.

What does Ming CORRECTLY advise him?

Options:

A.

The policy will likely be denied.

B.

The policy will likely be issued with an exclusion.

C.

The policy will likely be issued with a premium rating.

D.

The policy will likely be issued with a lower benefit.

Question 3

Kerry is 52 years old and he is purchasing additional coverage on his individual disability income insurance policy using a future purchase option. His income has increased about 35% since he took out the policy four years ago. What is Kerry guaranteed to receive as a result of the rider?

Options:

A.

An automatic 35% increase in benefit.

B.

An increased benefit according to the policy when medical insurability is proven.

C.

An increased benefit according to the policy when Kerry provides proof of income.

D.

An increased benefit based on Kerry’s income at the time of disability.