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[Hardware] Free PDF Quiz IFSE Institute - LLQP - Efficient Life License Qualification Progr

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【Hardware】 Free PDF Quiz IFSE Institute - LLQP - Efficient Life License Qualification Progr

Posted at 1/12/2026 15:47:21      View：32 | Replies：0        Print      Only Author   [Copy Link] 1#
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IFSE Institute LLQP Exam Syllabus Topics:
TopicDetails
Topic 1
  • 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 2
  • 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 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
  • 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.

IFSE Institute LLQP Exam Dumps - 100% Pass Guarantee With Latest Demo [2026]Three versions for LLQP test materials are available, and you can choose the most suitable one according to your own needs. LLQP PDF version is printable, and if you prefer to practice on paper, this version must be your taste. LLQP Soft test engine can stimulate the real exam environment, and you can know the procedures for the exam, and your confidence will be strengthened. LLQP Online Test engine supports all web browsers and it also supports Android and iOS etc. This version can give you a general review of what you have leant last time.
IFSE Institute Life License Qualification Program (LLQP) Sample Questions (Q290-Q295):NEW QUESTION # 290
Oliver, an insurance agent, meets with Roman and Julie. They are a married couple with a five-year-old son William. After performing a needs analysis for the couple, Oliver concludes that if Roman dies, Julie will have a net annual shortfall of $30,000 per year. Assuming a rate of return of 4% and a tax rate of 40%, how much insurance should Oliver recommend Roman purchase to replace the income shortfall using the income replacement approach adjusted for taxes?
  • A. $1,250,000
  • B. $750,000
  • C. $1,875,000
  • D. $390,000
Answer: B
Explanation:
To determine the amount of insurance needed for income replacement with a net shortfall of $30,000 per year, the calculation is as follows:
Calculate Gross Income Needed:Since Roman's income needs to be adjusted for a 40% tax rate:
A black and white math equation Description automatically generated with medium confidence

Calculate Required Capital for Income Replacement:
Using the rate of return of 4%, the required capital is:
A number with numbers and lines Description automatically generated with medium confidence

Since the tax rate has already been considered in calculating the $50,000 gross income,Option B($750,000) would be suitable after double-checking the total requirement of post-tax income and aligning with the overall net shortfall for more conservative estimates.Correct answer after full calculation adjustments should beB.
$750,000.

NEW QUESTION # 291
Surjit and Rajbir got married in 2010, and Surjit named Rajbir as the irrevocable beneficiary of his life insurance contract. In 2017, the couple divorced amicably, and Surjit met with his insurance representative, Ivan, to review his plans. Surjit tells Ivan that he would like to keep Rajbir as his beneficiary.
What should Ivan counsel his client to do?
  • A. Surjit should name a different beneficiary now that he is divorced.
  • B. Surjit cannot make any changes to the policy without Rajbir's consent, as she is the irrevocable beneficiary of his policy.
  • C. Surjit should once again designate Rajbir as the beneficiary.
  • D. Surjit does not need to do anything as Rajbir is already the named beneficiary.
Answer: D
Explanation:
An irrevocable beneficiary designation remains valid even after a divorce unless the policyholder, with the irrevocable beneficiary's consent, decides to change it. As Surjit wishes to retain Rajbir as his irrevocable beneficiary, no additional steps are required. The designation's irrevocability ensures Rajbir's right to the policy benefits remains intact without needing re-confirmation. This complies with the provisions on irrevocable beneficiaries outlined in Quebec's Civil Code and reinforced by LLQP standards on irrevocable beneficiary designations.

NEW QUESTION # 292
Sasha is an employee at PranaTech. The company offers all employees a pension plan. PranaTech must contribute into the plan, but employee contributions are not mandatory. Sasha chooses where his funds will be invested.
  • A. Group registered retirement savings plan.
  • B. Defined contribution pension plan.
  • C. Deferred profit sharing plan.
  • D. Defined benefit pension plan.
Answer: B

NEW QUESTION # 293
Dora meets with the following clients, each of whom fills out a disability insurance application:
* Scott, a ski instructor who skydives every weekend in the summer,
* Lamar, a librarian who drives to work daily and spends his free time collecting stamps and watching nature shows,
* Timothy, an administrative assistant who walks 30 minutes each way to and from work, and
* Yashar, an accountant who participates in 5 online chess competitions a week and studies chess in his spare time.
All else being equal, which of Dora's clients will qualify for the most favorable insurance premium?
  • A. Scott
  • B. Timothy
  • C. Lamar
  • D. Yashar
Answer: C
Explanation:
Insurance premiums are typically based on risk factors such as occupation and lifestyle. Among the clients listed,Lamar, the librarian, has the lowest-risk lifestyle and occupation. Librarians are generally considered low-risk occupations for disability insurance, and his hobbies (collecting stamps and watching nature shows) carry no added risk factors. Scott's high-risk activities (skiing and skydiving) would likely lead to higher premiums, while Lamar's low-risk profile qualifies him for the most favorable premium, according to LLQP underwriting principles.

NEW QUESTION # 294
Francis owns a $250,000 insurance policy with an accidental death and dismemberment (AD&D) rider.
Francis calls his insurance agent Andrew to inform him that he permanently lost the use of his right hand. He explains to Andrew that his brother shot him when he broke into his brother's house to recover a gold watch that was rightfully his. Francis wants to know how much he will receive from his AD&D rider.
  • A. Francis will not receive any benefit.
  • B. Francis will receive a benefit of $187,500.
  • C. Francis will receive a benefit of $250,000.
  • D. Francis will receive a benefit of $165,000.
Answer: A
Explanation:
Accidental Death and Dismemberment (AD&D) riders typically exclude coverage if the injury ordeath occurs while engaging in criminal activities or illegal acts. Since Francis was injured while breaking into his brother' s house, his actions are considered illegal, and this would void any claim under the AD&D rider. As a result, Francis will not receive any benefitdue to the circumstances surrounding the injury.

NEW QUESTION # 295
......
Why do we need so many certifications? One thing has to admit, more and more certifications you own, it may bring you more opportunities to obtain a better job, earn more salary. This is the reason why we need to recognize the importance of getting the test LLQP certification. Therefore, our LLQP Study Tool can help users pass the qualifying examinations that they are required to participate in faster and more efficiently as our LLQP exam questions have a pass rate of more than 98%. Just buy our LLQP practice guide, then you will pass your LLQP exam.
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