Open the auxiliary access

Firefly Open Source Community

   Login   |   Register   |
New_Topic
Firefly Open Source Community › Core Board › Core-3308Y› LLQP Practice Tests - Sure LLQP Pass
New Topic
Print Previous Topic Next Topic

[General] LLQP Practice Tests - Sure LLQP Pass

donhart682

131

Credits

0

Prestige

0

Contribution

registered members

Rank: 2

Credits
131

【General】 LLQP Practice Tests - Sure LLQP Pass

Posted at before yesterday 15:46      View：6 | Replies：1        Print      Only Author   [Copy Link] 1#
BONUS!!! Download part of Itcertking LLQP dumps for free: https://drive.google.com/open?id=1LehbujlIsxhowQz4mQXrURausH_nToLE
All customer information to purchase our LLQP guide torrent is confidential to outsides. You needn’t worry about your privacy information leaked by our company. People who can contact with your name, e-mail, telephone number are all members of the internal corporate. The privacy information provided by you only can be used in online support services and providing professional staff remote assistance. Our experts check whether there is an update on the Life License Qualification Program (LLQP) exam questions every day, if an update system is sent to the customer automatically. If you have any question about our LLQP Test Guide, you can email or contact us online.
It is acknowledged that there are numerous LLQP learning questions for candidates for the exam, however, it is impossible for you to summarize all of the key points in so many materials by yourself. But since you have clicked into this website for LLQP practice materials you need not to worry about that at all because our company is especially here for you to solve this problem. We have a lot of regular customers for a long-term cooperation now since they have understood how useful and effective our LLQP Actual Exam is. To let you have a general idea about the shining points of our training materials I would like to list three of the advantages of our training for you.
Sure LLQP Pass, New LLQP Real ExamDid you often feel helpless and confused during the preparation of the exam? Do you want to find an expert to help but feel bad about the expensive tutoring costs? Don't worry. LLQP learning materials can help you to solve all the problems. LLQP learning material always regards helping students to pass the exam as it is own mission. With LLQP learning materials, you only need to pay half the money to get the help of the most authoritative experts.
IFSE Institute LLQP Exam Syllabus Topics:
TopicDetails
Topic 1
  • 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 2
  • 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.
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
  • 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.

IFSE Institute Life License Qualification Program (LLQP) Sample Questions (Q133-Q138):NEW QUESTION # 133
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 is retiring.
  • B. She is disabled and her life expectancy is reduced.
  • C. She will start collecting QPP benefits.
  • D. She moved to Arizona last year.
Answer: B
Explanation:
Locked-In Retirement Accounts (LIRAs) are subject to specific restrictions regarding when and how funds can be accessed. Under LLQP regulations, individuals can generally only withdraw funds from a LIRA before retirement under certain circumstances. These include:
* Disability and a reduced life expectancy, as defined by the plan's requirements, which allow for early withdrawal due to significant financial or health hardships.
In contrast:
* Moving to another country, such as Arizona, does not qualify as a reason for early withdrawal under Canadian pension regulations.
* Retirement alone, without converting the LIRA into a Life Income Fund (LIF) or similar product, does not directly permit withdrawals from the LIRA.
* Collecting QPP benefits does not impact the withdrawal conditions of a LIRA directly unless combined with an allowable reason such as disability with reduced life expectancy.
Thus, option B correctly reflects the LLQP criteria under which Nathalie may access her LIRA funds early due to disability and a shortened life expectancy.

NEW QUESTION # 134
Julie and Jim have been married for 16 years and decide to divorce. They draw up a list of property that will be partitioned based on the provisions of family patrimony: the family home, the cars, the RRSPs, and the benefits accrued with the RRQ during the marriage. What other items should be added to Julie and Jim's list?
  • A. TFSAs
  • B. Bank accounts and TFSAs
  • C. Nothing else
  • D. Life insurance policy cash surrender values
Answer: B
Explanation:
Comprehensive and Detailed In-Depth Explanation: Under Quebec's Civil Code, specifically within the framework of family patrimony (Articles 414-426), the partition of property upon divorce includes assets acquired during the marriage that are designated as part of the family patrimony. The family home, cars, RRSPs (Registered Retirement Savings Plans), and benefits accrued under the RRQ (Regie des rentes du Quebec, or Quebec Pension Plan) are already listed, as they are explicitly included under Article 415.
However, family patrimony also encompasses other property used for the family's benefit, such as bank accounts that hold funds accumulated during the marriage for family use. TFSAs (Tax-Free Savings Accounts) are individual savings accounts, but if they were used for family purposes or funded with marital income, they could also be considered. The Ethics and Professional Practice (Civil Law) manual emphasizes thatadvisors must ensure clients fully understand the scope of divisible assets under family patrimony rules to avoid omissions. Life insurance cash surrender values (option C) are not automatically included in family patrimony unless designated for family use, and "nothing else" (option D) overlooks additional divisible assets like bank accounts. Option B, "Bank accounts and TFSAs," correctly expands the list to include other relevant marital property, aligning with the Civil Code's broad interpretation of family patrimony.
References: Civil Code of Quebec, Articles 414-426; Ethics and Professional Practice (Civil Law) Manual, Section on Family Patrimony.

NEW QUESTION # 135
Claire, Yvon's client, wants to make changes to her insurance portfolio. In addition to her group insurance, which provides coverage for twice her salary, she has a participating whole life policy, and a 20-year term insurance to cover her debts and provide financial protection for her son. She explains that her job has been abolished and that her employer plans to offer her something else in six months. For now, her budget is significantly affected and she also thinks she has too much insurance. She asks that Yvon cancel her insurance contracts until she starts her new job and to replace them with the least-expensive term insurance possible.
Further to Claire's request, what should Yvon do?
  • A. 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.
  • B. 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.
  • C. 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.
  • D. 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.
Answer: B
Explanation:
Comprehensive and Detailed Explanation From Exact Extract:
The LLQP states that life insurance decisions must be based onupdated needs analysis, especially during life transitions. Whole life policies offercash values, dividends, and borrowing options, which may provide liquidity. Yvon should guide Claire withfinancial alternativesrather than cancelling valuable permanent coverage during temporary hardship.

NEW QUESTION # 136
Planet Source decides to implement a defined contribution pension plan (DCPP) for its 75 employees. The company's president appoints Josie, the human resources director, as the plan administrator.
Which of the following BEST describes Josie's responsibility as a plan administrator?
  • A. To amend the pension plan
  • B. To address funding shortfalls
  • C. To manage the pension plan
  • D. To set the benefit structure
Answer: C
Explanation:
As a plan administrator for a defined contribution pension plan (DCPP), Josie's primary responsibility is to manage the pension plan, which includes overseeing day-to-day operations, ensuring regulatory compliance, and handling communications with plan members. According to LLQP, plan administrators are tasked with ensuring the effective management and administration of the plan, rather than setting benefit structures or addressing funding issues, which are typically responsibilities of the employer.
Options B, C, and D describe responsibilities typically held by the employer or plan sponsor, not the administrator.

NEW QUESTION # 137
Mark and Jesse had a joint life insurance policy which they purchased on the advice of their insurance agent, recognizing that if one of them died, the other would need an insurance benefit to pay off their mortgage and for final expenses. Coverage is $450,000. Last week their car went off the road in a snowstorm. Both were declared dead at the scene. The two had named their adult nephew, Louis, as contingent beneficiary. What is the amount of the benefit the insurer will pay Louis?
  • A. $450,000.
  • B. $675,000.
  • C. $225,000.
  • D. $900,000.
Answer: A
Explanation:
Comprehensive and Detailed in Depth Explanation with Exact Extract from Documents and Guides:
A joint life insurance policy can be either "first-to-die" or "last-to-die." TheIFSE Ethics and Professional Practice Course (Common Law)explains that a first-to-die policy pays the death benefit upon the death of the first insured, typically to the surviving insured, while a last-to-die policy pays upon the death of the second insured, often to a contingent beneficiary. Here, the policy's purpose (to benefit the survivor for mortgage and expenses) suggests a first-to-die structure. However, Mark and Jesse died simultaneously in the crash. In such cases, the policy pays the full benefit to the contingent beneficiary (Louis) as if one death triggered the payout. The coverage is $450,000, not split (A), multiplied (C), or doubled (D). Thus, Louis receives
$450,000, making B correct.
References:
IFSE Ethics and Professional Practice Course (Common Law), Module 2: Insurance Contracts, Section on
"Joint Life Policies and Simultaneous Death."

NEW QUESTION # 138
......
We offer a money-back guarantee if you fail despite proper preparation and using our product (conditions are mentioned on our guarantee page). This feature gives you the peace of mind to confidently prepare for your Life License Qualification Program (LLQP) (LLQP) certification exam. Our IFSE Institute LLQP exam dumps are available for instant download right after purchase, allowing you to start your Life License Qualification Program (LLQP) (LLQP) preparation immediately.
Sure LLQP Pass: https://www.itcertking.com/LLQP_exam.html
BONUS!!! Download part of Itcertking LLQP dumps for free: https://drive.google.com/open?id=1LehbujlIsxhowQz4mQXrURausH_nToLE
https://www.actualcollection.com
Reply

Use props Report

jongray497

130

Credits

0

Prestige

0

Contribution

registered members

Rank: 2

Credits
130
Posted at yesterday 17:58        Only Author  2#
That article was a real eye-opener for me. Improve your IT skills and access free F5CAB5 valid test simulator fee. Wishing you the best of luck!
https://www.actualcollection.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