Peter Johnson Peter Johnson

0 Course Enrolled • 0 Course Completed

Biography

Exam LLQP Certification Cost, LLQP Exam Guide Materials

BONUS!!! Download part of ExamDiscuss LLQP dumps for free: https://drive.google.com/open?id=1L-o1bJ6KpUBLXrl1ZIfSVOLOgV5SIdFV

Software lets you customize your IFSE Institute LLQP practice exam's duration and question numbers as per your practice needs. You just need an active internet connection to confirm the license of your product. All Windows-based computers support this IFSE Institute LLQP practice exam software. It is similar to the Life License Qualification Program (LLQP) (LLQP) desktop-based exam simulation software, but it requires an active internet. No extra plugins or software installations are required to take the Life License Qualification Program (LLQP) (LLQP) web-based practice test.

The quality of the LLQP exam product is very important. A high-quality LLQP exam study material can save your time spent on the study and can also enhance your confidence. Here, our IFSE Institute LLQP exam vce dumps will be the right study material for you. LLQP Training Pdf cannot only help you pass your exam, but also widen your horizons. Then passing the LLQP exam test is a certain thing. Equipped with the skills of LLQP certification, you will have more opportunity in your career.

>> Exam LLQP Certification Cost <<

ExamDiscuss LLQP: The Penetration Tester's Guide Test Engine

We attach importance to candidates' needs and develop the LLQP useful test files from the perspective of candidates, and we sincerely hope that you can succeed with the help of our practice materials. Our aim is to let customers spend less time to get the maximum return. By choosing our LLQP study guide, you only need to spend a total of 20-30 hours to deal with exam, because our LLQP Study Guide is highly targeted and compiled according to the syllabus to meet the requirements of the exam. As long as you follow the pace of our LLQP useful test files, you will certainly have unexpected results.

IFSE Institute LLQP Exam Syllabus Topics:

Topic
Details

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

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

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 (Q287-Q292):

NEW QUESTION # 287
President and sole shareholder of the Velos Tourisque company, Paul employs 50 people. Maryse, his financial security advisor, advises him to have his company take out life insurance on him. Who will be the parties to the contract?

A. Paul will be the policyholder and insured; Velos Tourisque will be the beneficiary
B. Velos Tourisque will be the policyholder and the insured; Paul, as the shareholder, can designate the beneficiary
C. Paul will be the policyholder, Velos Tourisque will be the insured and the beneficiary
D. Velos Tourisque will be the policyholder and beneficiary; Paul will be the insured

Answer: D

Explanation:
Comprehensive and Detailed In-Depth Explanation: In a corporate-owned life insurance policy, the roles of policyholder, insured, and beneficiary must align with legal and insurable interest principles under the Civil Code of Quebec (Articles 2415-2419). The policyholder is the entity that owns and pays for the policy, the insured is the person whose life is covered, and the beneficiary receives the death benefit. Here, Velos Tourisque, the company, is taking out the policy on Paul, its key person, suggesting it will own the policy (policyholder) and benefit from the proceeds (beneficiary) to protect its financial interests-common in key person insurance. Paul, as the individual whose life is insured, is the insured. Option D correctly identifies Velos Tourisque as policyholder and beneficiary, with Paul as the insured. Option A misassigns Velos Tourisque as the insured (a company cannot be insured, only a person can). Option B incorrectlylists Velos Tourisque as the insured. Option C reverses the roles, making Paul the policyholder, which contradicts the company owning the policy. The Ethics and Professional Practice manual highlights advisors' duty to clarify these roles for clients.
References: Civil Code of Quebec, Articles 2415-2419; Ethics and Professional Practice (Civil Law) Manual, Section on Insurance Contract Parties.

NEW QUESTION # 288
Diane is an insurance agent working for Gamma Insurance Inc. who is responsible for coaching a newly licensed agent, Wick. Wick has questions about his role, and he would like to know how he should service his clients.
What should Diane tell Wick about what is expected of him?

A. He must deliver to clients, newly issued policies within 30 days of acceptance.
B. He must contact his clients on a quarterly basis.
C. He must keep detailed notes about the services provided to clients.
D. He must fill out the claim forms for his clients.

Answer: C

Explanation:
As an insurance agent,keeping detailed noteson services provided to clients is essential for ensuring compliance, accountability, and providing excellent customer service. Documentation is crucial for record- keeping and allows agents to track interactions and recommendations given to clients. While delivering policies promptly is also part of an agent's duties, maintaining accurate records is fundamental to fulfilling regulatory and ethical obligations as outlined in LLQP guidelines.

NEW QUESTION # 289
(Jorge meets with his new financial advisor. He brought a series of documents so that she can determine his investor profile.
Which of the following documents will not be helpful for determining Jorge's investor profile?)

A. A list of his income sources during retirement.
B. His birth certificate.
C. His net worth statement, listing assets and liabilities.
D. A summary of his needs and objectives.

Answer: B

Explanation:
A birth certificate is used for identity verification, not for determining investment goals, risk tolerance, or financial needs. An investor profile is built from documents that demonstrate financial assets, liabilities, income, and personal objectives.
Exact Extract:
"Information used to determine an investor profile includes assets, liabilities, income, investment objectives, and risk tolerance. Identification documents like birth certificates are not relevant to determining investment needs." (Reference:Segfunds-E313-2020-12-7ED, Chapter 4.1 Financial Situation of the Investor)

NEW QUESTION # 290
Following the death of her sister Sarah last year, Yesha, the liquidator of Sarah's estate, had been in contact with Sarah's insurance agent Monique on several occasions to claim the death benefit on Sarah's life insurance policy.
Yesterday, Yesha noticed that Sarah also had a disability insurance policy with a return of premium option which stated that a portion of the premiums can be reimbursed upon her death. Yesha contacted Monique again and asked her for more details about the disability policy and return of premium option but Monique replied that she could not help her as her firm had destroyed Sarah's files shortly after paying out the death benefit.
Did Sarah's firm act appropriately?

A. No, because the file has to be kept for 5 years.
B. No, because the file has to be kept for 7 years.
C. Yes, because the life insurance company will still have a copy of the contract.
D. Yes, because the death benefit was paid.

Answer: A

Explanation:
In the context of insurance, records related to client policies, including claims and relevant documentation, must generally be retained for a minimum of five years. This requirement ensures that firms maintain adequate records for review or potential claims and can support clients or their representatives in matters related to policy details.
Destroying Sarah's file shortly after paying out the death benefit would violate this five-year record retention requirement, which is part of standard industry practice for insurance providers. The requirement is intended to safeguard client information and provide continuity of service in case further details are needed post-claim.

NEW QUESTION # 291
(Eric, aged 28, currently works for an accounting firm. He still lives with his parents but is saving to buy a place of his own. Seven years ago, his grandparents gave him a significant cash gift following his college graduation. He deposited it into a segregated fund that invests in the natural resources sector.
However, real estate prices are rapidly increasing. Eric is concerned that if he does not buy a place in the next three to five years, it might become altogether unaffordable. In addition, the shares of the segregated fund he holds have seen a sharp drop in market value two years ago and they have not recovered yet.Eric questions his current choice of investment and asks his life insurance agent if he should switch to a different type of segregated fund.
What should the agent recommend?)

A. Switch to a balanced fund.
B. Hold on to his natural resources fund.
C. Switch to a bond fund.
D. Switch to a dividend fund.

Answer: A

Explanation:
Eric has ashorter time horizon (3-5 years)and needs alower-risk, more diversifiedinvestment approach suitable for saving for a house. Abalanced fundspreads investments across stocks and bonds, helping reduce risk compared to the high volatility of a single-sector natural resources fund.
Exact Extract:
"Balanced funds combine equity and fixed-income investments to reduce portfolio volatility, providing moderate growth for investors with medium-term objectives." (Reference:Segfunds-E313-2020-12-7ED, Chapter 2.2.5 Balanced Funds#49:1†Segfunds-E313-2020-12-
7ED.pdf**)

NEW QUESTION # 292
......

ExamDiscuss trusts in displacing all the qualms before believing us. Now, you don’t need to the conviction in words, as action speaks louder than words, that is why we recommend you to try the free demo of LLQP exam practice questions software. Also, we offer you with 24/7 customer services for any inconvenience. Our support team is always in action and ready to help, if you have any question regarding the LLQP Exam, so you can get in contact, our support team will always help you with the best solution.

LLQP Exam Guide Materials: https://www.examdiscuss.com/IFSE-Institute/exam/LLQP/

DOWNLOAD the newest ExamDiscuss LLQP PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1L-o1bJ6KpUBLXrl1ZIfSVOLOgV5SIdFV