Open the auxiliary access

Firefly Open Source Community

   Login   |   Register   |
New_Topic
Firefly Open Source Community › Embedded Board › Firefly-RK3128› LLQP Test Guide Online, LLQP Valid Exam Guide
New Topic
Print Previous Topic Next Topic

[General] LLQP Test Guide Online, LLQP Valid Exam Guide

jimwalk610

125

Credits

0

Prestige

0

Contribution

registered members

Rank: 2

Credits
125

【General】 LLQP Test Guide Online, LLQP Valid Exam Guide

Posted at yesterday 06:57      View：3 | Replies：0        Print      Only Author   [Copy Link] 1#
What's more, part of that Easy4Engine LLQP dumps now are free: https://drive.google.com/open?id=1sB5HKYLSGYva9BmJ1xowpnKq-R1SRxGC
In the course of studying LLQP preparation torrent, we will serve you throughout the process, and our back-office staff will provide 24-hour free online consultation. If you have problems with installation and use after purchasing LLQP learning prep, we have dedicated staff to provide you with remote online guidance. And if you have any questions about the content of the LLQP Exam Questions, please feel free to email us we will try our best to answer you at the first time.
IFSE Institute LLQP Exam Syllabus Topics:
TopicDetails
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
  • 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 3
  • 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 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.

LLQP Valid Exam Guide | Exam LLQP ConsultantWe have created a number of reports and learning functions for evaluating your proficiency for the LLQP exam dumps. In preparation, you can optimize LLQP practice exam time and question type by utilizing our LLQP Practice Test Easy4Engine. Easy4Engine makes it easy to download LLQP exam questions immediately after purchase. You will receive a registration code and download instructions via email.
IFSE Institute Life License Qualification Program (LLQP) Sample Questions (Q247-Q252):NEW QUESTION # 247
Nathalie worked for 25 years as an administrative assistant at a manufacturing company. When she left the company 10 years ago, she transferred the money that she accumulated from the company's pension plan into a locked-in retirement account (LIRA). Now she is 60 years of age and would like to withdraw the money from the LIRA.
Under which of the following circumstances would Nathalie be allowed to withdraw her funds?
  • A. She will start collecting QPP benefits.
  • B. She is disabled and her life expectancy is reduced.
  • C. She is retiring.
  • D. She moved to Arizona last year.
Answer: B
Explanation:
Under the rules governing Locked-In Retirement Accounts (LIRAs) in Canada, which apply similarly across provinces including Ontario, there are specific circumstances under which a person may access funds prior to the usual retirement age. In general, LIRA funds are intended to be kept locked-in until a specified retirement age. However, early withdrawal is permitted if the account holder becomes disabled and has a reduced life expectancy, as stated in LLQP materials. Thus, Nathalie's disability and reduced life expectancy would qualify her to withdraw from the LIRA. Moving to another location, retiring, or collecting QPP benefits do not generally permit early withdrawal from a LIRA.

NEW QUESTION # 248
Alana, Meaghan, and Beatrice are equal shareholders of Advanced Tech Inc. They each own 100 shares of the company. Each share is currently worth $5,000. They recently signed a cross-purchase buy-sell agreement that is funded by life insurance. What will happen under this agreement if Alanadies today?
  • A. There would now be 200 outstanding shares of the company.
  • B. Each share would now be worth $7,500.
  • C. Alana's estate would receive a total of $500,000.
  • D. Meaghan and Beatrice would each still own 100 shares of the company.
Answer: C
Explanation:
In a cross-purchase buy-sell agreement funded by life insurance, each shareholder purchases a life insurance policy on the lives of the other shareholders. Upon the death of a shareholder, the surviving shareholders use the proceeds from the insurance to buy out the deceased shareholder'sshares at the agreed value. Since each share is valued at $5,000, Alana's 100 shares would be worth:
100 shares×5,000=500,000100         ext{ shares}         imes 5,000 = 500,000100 shares×5,000=500,000 Thus, Meaghan and Beatrice would collectively purchase Alana's shares from her estate, providing her estate with a total of$500,000. Each surviving shareholder will then own an additional 50 shares, resulting in each now holding 150 shares of Advanced Tech Inc. This option aligns with the principles of cross-purchase agreements discussed in the LLQP.

NEW QUESTION # 249
Candace, an insurance agent, met with her client Rebecca on March 15th to complete a life insurance application form. Rebecca applied for a T-10 $200,000 life insurance policy, she told Candace that she will wait for her policy to be accepted before making a premium payment. On April 10th, the application was accepted by the insurance company and Candace promptly called Rebecca to give her the good news.
Candace delivered the policy to Rebecca on April 15th during the meeting, Rebecca gave Candace a cheque to cover her first premium and a void cheque to cover subsequent premium payments. Candace submitted the cheques to her manager on April 21st. When did Rebecca's policy come into force?
  • A. April 21st
  • B. April 15th
  • C. March 15th
  • D. April 10th
Answer: B
Explanation:
A life insurance policy generally comes into force when the policy is delivered to the applicant and the first premium is paid. In this case, Rebecca's policy was officially delivered on April 15th, at which time she paid the initial premium. As per LLQP guidelines, the contract becomes effective upon the meeting of these two conditions: delivery of the policy and payment of the first premium.
Therefore, since Rebecca met both conditions on April 15th, that is the date her policy came into force.

NEW QUESTION # 250
Kiril is the sole proprietor of a small gym with five employees. His sales manager, Antoine, is a former Olympic athlete, responsible for generating close to 50% of all revenues for the gym. Thanks to Antoine's popular social media presence, the gym is profitable and growing rapidly. However, Kiril has concerns about the future profitability of his gym should Antoine become ill or injured since the other employees are not local celebrities and would not be able to replace Antoine's contribution to the business.
Which of the following types of insurance policy would protect the gym if Antoine were unable to work?
  • A. Disability business overhead expense insurance on Antoine.
  • B. Key person disability insurance on Antoine.
  • C. Business loan protection disability insurance on Antoine.
  • D. Disability buyout insurance.
Answer: B
Explanation:
Key person disability insuranceprovides financial protection to a business against the loss of a crucial employee due to disability. Antoine is a critical figure for Kiril's gym, generating a significant portion of revenue and attracting clientele due to his public profile. This policy would compensate the gym for lost income and potentially cover additional costs incurred while attempting to replace Antoine's unique contributions. The LLQP materials discuss key person insurance as essential for protecting a business against the financial impact of losing a high-value employee, making this option the most suitable for Kiril's needs.

NEW QUESTION # 251
Owen meets with his insurance agent, Rachel, to review his investments. Owen is interested in segregated funds. In particular, he wants to know more about the reset feature.
What should Rachel tell Owen about resetting his funds?
  • A. There is no additional cost for a fund that provides a reset feature.
  • B. The reset feature may be automatic.
  • C. All segregated funds offer a reset feature.
  • D. The reset feature can be used if the market value increases or decreases.
Answer: B
Explanation:
Rachel should inform Owen that some segregated funds offer an automatic reset feature, which adjusts the guaranteed value periodically based on the fund's market performance. This can lock in gains during rising markets without requiring manual intervention. According to LLQP resources, automatic resets can occur on specific anniversaries or under certain conditions specified in the contract.
Option A is incorrect as not all segregated funds offer a reset feature. Option C is incorrect as there may be costs associated with funds that provide reset options. Option D is incorrect because resets typically lock in gains, not losses.

NEW QUESTION # 252
......
Do you want to pass the LLQP exam by the first attempt? Our LLQP exam questons can be our best assistant on your way to success. And the pass rate of our LLQP study guide is high as 98% to 100%, which also prove our excellent quality. If you study with our LLQP praparation guide, they will strengthen your learning skilles, add to your knowledge and will enable you to revise the entire syllabus more than once. And you will pass for sure with our LLQP learning quiz.
LLQP Valid Exam Guide: https://www.easy4engine.com/LLQP-test-engine.html
BONUS!!! Download part of Easy4Engine LLQP dumps for free: https://drive.google.com/open?id=1sB5HKYLSGYva9BmJ1xowpnKq-R1SRxGC
https://www.getcertkey.com
Reply

Use props Report

Return to List
High mode
B Color Image Link Quote Code Smilies
You need to log in before you can reply Login | Register

This forum Credits Rules

  •  

Service Hotline : (+86)18688117175
Contact us
E-mail : global@t-firefly.com
Copyright © 2014-2022, FIREFLY TECHNOLOGY CO.,LTD. All Rightts Reserved. 粤ICP备14022046号-2
Quick Reply Back to top Back to list