LLQP Exam Material | LLQP Exam Experience

DOWNLOAD the newest PassLeader LLQP PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1ImHtqvvElfsDqsk-1fdyPRmQ0SSqI_jn

Let me be clear here a core value problem of PassLeader. All IFSE Institute exams are very important. In this era of rapid development of information technology, PassLeader just one of the questions providers. Why do most people to choose PassLeader ? Because the PassLeader exam information will be able to help you pass the test. It provides the information which is up to date. With PassLeader IFSE Institute LLQP Test Questions, you will become full of confidence and not have to worry about the exam. However, it lets you get certified effortlessly.

The PassLeader recognizes that IFSE Institute LLQP aspirants are constantly juggling multiple responsibilities, so questions are ideal for quick preparation. Applicants can access these questions anywhere and at any time, using any smart device, which allows them to learn at their own pace. The Life License Qualification Program (LLQP) (LLQP) Questions are portable and you can also print them.

>> LLQP Exam Material <<

LLQP Exam Experience & Certification LLQP Test Questions

The free demo LLQP practice question is available for instant download. Download the IFSE Institute LLQP exam dumps demo free of cost and explores the top features of IFSE Institute LLQP Exam Questions and if you feel that the Life License Qualification Program (LLQP) exam questions can be helpful in LLQP exam preparation then take your buying decision.

IFSE Institute LLQP Exam Syllabus Topics:

Topic	Details
Topic 1	Life Insurance: This section assesses the expertise of insurance professionals, including financial advisors and life insurance agents, in understanding the financial impact of death. It explains how life insurance helps address those financial needs and introduces various life insurance products, along with their features and benefits.
Topic 2	Segregated Funds and Annuities: Targeted at investment advisors and financial planners, this section evaluates their understanding of saving and investment strategies, which are essential for retirement and financial planning.
Topic 3	Accident and Sickness Insurance: Aimed at insurance professionals offering individual and group health insurance, this section emphasizes the importance of financial protection in the case of serious illness or injury.
Topic 4	Ethics and Professional Practice: This part of the exam focuses on the legal and ethical responsibilities of life insurance professionals. It outlines the legal framework for life insurance in common law provinces and territories and stresses the importance of maintaining professionalism.

IFSE Institute Life License Qualification Program (LLQP) Sample Questions (Q13-Q18):

NEW QUESTION # 13
Which organization provides protection for holders of segregated fund contracts in Canada if the insurer becomes insolvent?

A. OmbudService for Life & Health Insurance
B. Canadian Deposit Insurance Corporation
C. Assuris
D. Canadian Insurance Services Regulatory Organizations

Answer: C

Explanation:
Assuris provides protection to Canadian policyholders, including holders of segregated fund contracts, if their insurance company becomes insolvent. Assuris is a not-for-profit organization that safeguards policyholders by ensuring that they continue to receive guaranteed benefits within specified limits. This organization is essential for maintaining confidence in the Canadian insurance industry, offering peace of mind to policyholders that their segregated fund contracts are protectedunder such circumstances. Neither the Canadian Deposit Insurance Corporation nor the OmbudService for Life & Health Insurance provides this specific type of insolvency protection for segregated funds.

NEW QUESTION # 14
Axel owns a $150,000 whole life insurance policy with an accumulated cash surrender value (CSV) of
$20,000. His monthly premiums are $300, due on the fifth day of each month. Axel misses his November 5 premium payment and then dies a few weeks later, on November 20.

A. $150,000
B. $149,700
C. $0
D. $169,700

Answer: A

Explanation:
In whole life insurance policies, there is generally a grace period (usually 30 days) for missed premium payments before the policy lapses. Since Axel died within this grace period (November 20, following a missed premium due November 5), the policy remains active, and the full death benefit is payable to his beneficiary. Therefore, the insurance company would pay out the entire$150,000death benefit. The policy's accumulated CSV is irrelevant in this context, as it only applies if the policyholder surrenders the policy or if the policy lapses after the grace period.

NEW QUESTION # 15
Genevieve and Martin, a couple in their 40s, meet with Melissa, their insurance agent, to help them plan for their retirement. Melissa tells them that they would benefit from opening a spousal registered retirement savings plan (RRSP) given their financial situation and discrepancy in theirincomes. The couple would like to know the benefits of opening a spousal RRSP.

A. A spousal RRSP is a way to move income from one spouse, who has a higher tax rate, to the other, who has a lower tax rate, during retirement.
B. Having a spousal RRSP can extend the tax benefit of contributions past age 71 if the contributing spouse is younger.
C. Contributions to a spousal plan are based on the contribution room of the recipient and reduce his or her RRSP contribution room.
D. Contributions to a spousal plan can be made until the end of the year in which the older spouse turns 71.

Answer: A

Explanation:
A spousal RRSP is beneficial for couples with differing income levels as it allows for income splitting during retirement. This is advantageous because it enables the higher-income spouse to contribute to the RRSP of the lower-income spouse. When the funds are eventually withdrawn during retirement, they are taxed at the lower- income spouse's rate, potentially reducing the couple's overall tax burden. This aligns with the LLQP guideline on income splitting as a tax minimization strategy.
Option B is incorrect because the contributions to a spousal RRSP reduce the contribution room of the contributing spouse, not the recipient. Option C is technically accurate but does not directly address the primary advantage of a spousal RRSP in terms of tax planning, and Option D is correct regarding extending tax benefits but does not directly highlight the immediate benefit of income splitting for the couple.

NEW QUESTION # 16
Dominic suffers a heart attack on October 1 and dies a little over a month later, on November 7. At the time of his death, he owned a $150,000 critical illness (CI) insurance policy, purchased 10 years earlier. Dominic never failed to pay the $100 monthly premium. When he died, the insurer had not yet issued the benefit payment.
How will the CI benefit be treated?

A. It will be paid to Dominic's next of kin.
B. It will be payable to Dominic's estate.
C. It will not be paid.
D. Dominic's estate will receive a return of premiums.

Answer: C

Explanation:
Critical illness (CI) insurance pays a lump-sum benefit upon diagnosis of a covered illness, but typically requires the insured tosurvive for a specified period(often 30 days) following the diagnosis. Although Dominic suffered a heart attack, he did not die immediately. However, he passed away within the 30-day survival period following the heart attack, which is a common requirement in CI policies for benefit payment.
Since the survival requirement was not met, the benefit will not be paid. Generally, in such cases, the insurer may refund premiums if specified in the policy, but the CI benefit itself would not be payable.

NEW QUESTION # 17
Xavier meets and fills out an application form with Jose, an insurance representative, because he would like to purchase a critical illness insurance policy. When Jose asks Xavier about his alcohol consumption, Xavier admits he regularly drinks 10 beers a day.
What is the next step in the application process?

A. Jose should refuse the request.
B. Xavier will have to fill out a questionnaire detailing his alcohol consumption.
C. The insurance company will automatically refuse the application.
D. The insurance company will accept the application with an exclusion for alcohol consumption.

Answer: B

Explanation:
In the insurance application process, when an applicant discloses significant health-related information, such as high alcohol consumption, the insurer typically requires additional information. In Xavier's case, he would need to fill out analcohol consumption questionnaireto provide more detail about his drinking habits. This step helps the insurer assess the risk and decide on policy terms, which may include higher premiums, exclusions, or even denial depending on the details provided. It aligns with the LLQP guidelines, which specify that full disclosure and accurate risk assessment are essential steps in underwriting.

NEW QUESTION # 18
......

In traditional views, LLQP practice materials need you to spare a large amount of time on them to accumulate the useful knowledge may appearing in the real exam. However, our LLQP learning questions are not doing that way. According to data from former exam candidates, the passing rate has up to 98 to 100 percent. There are adequate content to help you pass the LLQP Exam with least time and money.

LLQP Exam Experience: https://www.passleader.top/IFSE-Institute/LLQP-exam-braindumps.html

What's more, part of that PassLeader LLQP dumps now are free: https://drive.google.com/open?id=1ImHtqvvElfsDqsk-1fdyPRmQ0SSqI_jn