LLQP Exam Dumps : Life License Qualification Program (LLQP)

He can provide the claim form to Jason and help him fill it out.

He can assure Jason that the payment will be made within 5 days after receipt of the claim.

He can inform Jason that the death benefit will be paid within 30 days of Rosalie’s death.

He can assure Jason that he will settle the death benefit as quickly as possible.

Coraline must contact her agent by phone within 30 days of learning about her diagnosis.

Coraline has 30 days to provide the insurer with all of the information required to process the claim.

The insurer must pay Coraline the benefit amount within 30 days after receipt of the proof of loss.

The payment of the initial benefit to Coraline must occur within 30 days after the end of the waiting period.

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.

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.

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.

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.