Assess the CertsIQ’s updated LLQP exam questions for free online practice of your Life License Qualification Program (LLQP) Certification test. Our LLQP dumps questions will enhance your chances of passing the IFSE Certification certification exam with higher marks.
Jonas recently graduated with his engineering degree and is joining the Alberta Engineering
Association. He is informed that the association offers a group plan to all members. Jonas wants to
join the plan but wishes to know who will pay the premiums for the coverage.
Which of the following answers is CORRECT?
Samira, a 42-year-old single mother of four, owns an individual disability insurance (DI) policy. Last
week, she was hospitalized because of complications from diabetes. She hired an emergency nanny
to care for her children until she was healthy enough to resume her normal activities. To her relief,
Samira's DI policy contains a special rider that would cover up to $250 per day for these types of
expenses.
What is the name of the rider contained in Samira's policy?
Thien is 56 years old and has recently been diagnosed by his doctor with a heart condition for which
there is no known treatment, and which has dramatically reduced his life expectancy. Thien has
decided to take early retirement. Fortunately, after 30 years of service working as a credit officer at a
local bank, he has accumulated a large sum in his pension plan. Thien's wife supports his decision to
retire early. She is 49 and in good health, and plans to continue working and earning a lucrative
income at her current position as a divorce lawyer at a prestigious law firm, at least until she reaches
65 years of age.
What type of annuity would BEST suit Thien's needs?
Kadiha invested $10,000 in a balanced fund 10 years ago, which she put into a non-registered
account. At the time, her insurance agent sold her the fund with a 75% maturity and death benefit
guarantee. Today, when the fund expires, the market value is $5,000. How much will Kadiha receive, and how will her funds be treated for tax purposes?
Sergei meets with his insurance agent Nikita to purchase a $50,000 critical illness policy. Nikita
explains that to apply for the policy Sergei would have to answer a series of personal questions about
his finances, health, and lifestyle. Sergei is uncomfortable giving Nikita such detailed personal
information. Nikita reassures Sergei by telling him that the insurer must follow stringent rules about
how they can collect and handle this information. Which organization legislates privacy statutes
pertaining to insurance companies?
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