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.
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?
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?
Mohammed is an employee at Optima Plus Inc. Over the years, he accumulated $15,000 in the
company's group plan. He knows that his contributions into the plan are not tax-deductible, and he is
not taxed on the funds when he makes a withdrawal.
What type of plan does Mohammed have with his employer?
Paola, an employee at Horizon Pharmaceuticals, was recently diagnosed with depression. She is
unable to work and is receiving tax-free disability insurance benefits due to her condition. Paola is
deeply indebted, and her creditors have been garnishing a portion of her pay for the last year. She is
worried about her creditors also garnishing her disability benefit.
Can her disability benefits be seized by her creditors?
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?
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