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LLQP Dumps - Life License Qualification Program (LLQP) Practice Exam Questions

IFSE Institute LLQP - Life License Qualification Program Practice Exam

  • Certification Provider:IFSE Institute
  • Exam Code:LLQP
  • Exam Name:Life License Qualification Program (LLQP) Exam
  • Total Questions:150 Questions and Answers
  • Updated on:Nov 19, 2024
  • Product Format: PDF & Test Engine Software Version
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IFSE Institute LLQP This Week Result

LLQP Question and Answers

Question # 1

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.

Options:

A.  

Francis will receive a benefit of $165,000.

B.  

Francis will receive a benefit of $187,500.

C.  

Francis will receive a benefit of $250,000.

D.  

Francis will not receive any benefit.

Discussion 0
Question # 2

Goran and Tanja married two years ago. Last year, they purchased and moved into a three-bedroom house in the suburbs. The current balance on their mortgage is $655,000. They meet with Ljubomir, an insurance agent, to purchase a joint term life insurance policy to cover the mortgage. When Ljubomir asks about their existing coverage, Goran shares that he has none. Tanja explains that she owns a universal life (UL) policy with a level death benefit of $50,000 and a cash surrender value (CSV) of $5,000, purchased 6 years ago from another agent. Tanja would like to surrender her UL policy and use the $5,000 CSV to pay for a trip to Europe. What additional information about Tanja's UL policy does Ljubomir need to collect?

Options:

A.  

The investment vehicle of the policy's CSV.

B.  

The adjusted cost basis (ACB) and surrender charges of the policy's CSV.

C.  

The dividends and paid-up additions.

D.  

The premiums upon renewal.

Discussion 0
Question # 3

Jasper owns TeleVida, a successful production company with over 50 employees. He wants to expand the company by opening an office in another province. Jasper needs to take out a $500,000 20-year loan to make this expansion happen. However, he wants to make sure that if he dies while there’s an outstanding balance on the loan, the balance will be paid in full by the insurance company.

Options:

A.  

20-year decreasing term life insurance.

B.  

20-year term life insurance.

C.  

Term-100 life insurance policy.

D.  

Universal life insurance policy.

Discussion 0

PDF vs Software Version

Why choose Exams4sure LLQP Practice Test?

With the complete collection of LLQP practice test, Exams4sure has assembled to take you through Life License Qualification Program test questions for your IFSE Institute exam preparation. In this LLQP exam dumps study guide we have compiled real Life License Qualification Program (LLQP) exam questions with their answers so that you can prepare and pass Life License Qualification Program exam in your first attempt.

Why Prepare from Life License Qualification Program LLQP Exam Dumps?

Familiarity with Exam Format:
One of the main reasons candidates might look towards LLQP dumps is to familiarize themselves with the IFSE Institute exam format. Life License Qualification Program practice exam can give a glimpse into the types of questions asked and how they are structured.

Identifying Key Topics:
Life License Qualification Program (LLQP) exam questions can highlight recurring themes and topics that are frequently tested, helping IFSE Institute candidates to focus their studies on areas of high importance.

Time Constraints:
Candidates under tight schedules may feel pressured to use Life License Qualification Program (LLQP) exam dumps as a way to quickly cover a lot of material. This is often seen in situations where Life License Qualification Program certification is needed for job retention or promotion.

Confidence Boosting:
Seeing and answering LLQP exam-like questions can boost a candidate's confidence, making them feel more prepared for the actual IFSE Institute exam.

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