LLQP Exam Dumps : Life License Qualification Program (LLQP)

Since Emma is a minor, naming her directly as a beneficiary would complicate access to funds until she reaches the age of majority. Additionally, Steve, given his circumstances, would not be a suitable option. Instead,naming a trusteefor Emma's benefit would ensure that the funds are managed responsibly until she is of legal age to handle the inheritance. This setup aligns with Bethenny's intention to provide financial security for Emma, allowing a trusted adult to manage the funds in Emma's best interests​​.

Comprehensive and Detailed Explanation:

Business loan protection disability insurance covers loan payments if the owner is disabled, directly addressing Eric’s need (Chapter 5:Insurance to Protect Businesses).

Option A: Incorrect; protects business operations.

Option B: Incorrect; covers overhead, not loans.

Option C: Incorrect; for buy-sell agreements.

Option D: Correct; targets loan payments.

Comprehensive and Detailed In-Depth Explanation: The Chambre de la sécurité financière (CSF) Code of Ethics (Section 11) and Distribution Act (Section 18) prohibit representatives from using misleading or self-aggrandizing statements that could unduly influence clients. Flavie’s business card slogan, “One of the company’s 10 best salespersons,” and her verbal boast about earnings suggest superiority without substantiation, potentially pressuring Julius. Option B, removing the slogan, aligns with ethical standards to ensure representations focus on client needs, not personal accolades. Option A (timing of card) is irrelevant to compliance. Option C (second meeting) doesn’t address the content issue. Option D (commission disclosure) is unnecessary, as disclosing compensation structure is permissible if relevant. The Ethics manual emphasizes professionalism and prohibits exaggerated claims.