Free IFSE Institute LLQP Exam Questions

Absolute Free LLQP Exam Practice for Comprehensive Preparation 

  • IFSE Institute LLQP Exam Questions
  • Provided By: IFSE Institute
  • Exam: Life License Qualification Program (LLQP) Certification
  • Certification: IFSE Certification
  • Total Questions: 150
  • Updated On: Mar 25, 2025
  • Rated: 4.9 |
  • Online Users: 300
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  • Question 1
    • 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?  

      Answer: A
  • Question 2
    • Caleb meets with Miles, his insurance agent, to invest for his retirement. Caleb tells Miles that he will not need his funds for the next 25 years, he is comfortable with market fluctuations, and he would like a fund that mimics the S&P/TSX Composite index. Which of the following funds will best suit Caleb's needs? 

      Answer: D
  • Question 3
    • Samira, a 42-year-old single mother of four, owns an individual disability insurance (DI) policy. Lastweek, she was hospitalized because of complications from diabetes. She hired an emergency nannyto 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 ofexpenses.What is the name of the rider contained in Samira's policy? 

      Answer: D
  • Question 4
    • Mohammed is an employee at Optima Plus Inc. Over the years, he accumulated $15,000 in thecompany's group plan. He knows that his contributions into the plan are not tax-deductible, and he isnot taxed on the funds when he makes a withdrawal.What type of plan does Mohammed have with his employer?

      Answer: C
  • Question 5
    • Harold is a 66-year-old retired school bus mechanic. He receives $900 a month from his definedbenefit pension plan (DBPP). His husband Karl is also retired and receives his own pension benefit.Harold would like to know the minimum monthly pension benefit from his DBPP that Karl will receive upon Harold's death. 

      Answer: A
PAGE: 1 - 30
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