LLQP Exam Dumps : Life License Qualification Program (LLQP)

A redeemable GIC offers capital protection and easy liquidity (ability to cash out without penalties), making it the best fit for Anthony’s priorities.

Exact Extract:

"Redeemable GICs allow investors to cash in before maturity without significant penalties, while preserving the invested capital."

(Reference: Segfunds-E313-2020-12-7ED, Chapter 1.3.6 Guaranteed Investment Certificates (GICs)​)

Comprehensive and Detailed Explanation From Exact Extract:

The Waiver of Premium rider ensures that while the insured remains disabled, the life insurance policy premiums are paid even beyond renewals (subject to policy terms). This prevents policy lapse and maintains coverage. LLQP confirms that the waiver continues during verified disability status regardless of term renewals.

In this scenario, Rowan, an employee of a construction company, suffers an injury while on the job. Since the injury occurred in the workplace, he would be eligible for benefits under Workers' Compensation. Workers' Compensation is designed to cover employees who suffer work-related injuries or illnesses, providing them with benefits that include coverage for medical expenses and income replacement during their period of disability​.

As the accident happened while Rowan was performing work duties, Workers' Compensation will likely cover his wage loss for the duration he is unable to work due to the injury. Employment Insurance (EI) would not be applicable here, as EI sickness benefits are intended for non-work-related illnesses or injuries. The Canada Pension Plan (CPP) also would not apply, as it provides long-term disability benefits primarily for severe and prolonged disabilities that prevent individualsfrom working in any capacity. Therefore, option D is the correct answer, as Workers' Compensation is specifically designed for cases like Rowan’s​.