최신 LLQP 무료덤프 - IFSE Institute Life License Qualification Program (LLQP)

문제1

(Jerry, aged 63, is getting ready to retire. His pension statement shows contributions, investment choices, and performance data.
From among the following types of pension plans, which one was Jerry a member of?)

A. Group life income fund.

B. Deferred profit-sharing plan.

C. Defined contribution pension plan.

D. Defined benefit pension plan.

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제2

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. Velos Tourisque will be the policyholder and beneficiary; Paul will be the insured

D. Paul will be the policyholder, Velos Tourisque will be the insured and the beneficiary

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제3

Insurance of persons representative Veronique is meeting clients referred by an acquaintance for the first time.
Observing some suspicious behaviours on their part, Veronique is thinking about reporting the transaction to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Which behaviours are signs of suspicious transactions?

A. The clients are in a hurry, the planned transaction is fairly simple, and they want to pay the amount due in cash

B. The clients are in a hurry, do not seem interested in knowing the long-term benefits of the transaction, and want to pay the amount due in cash

C. The clients seem interested in knowing the long-term benefits of the transaction, which is simple, and the amounts involved seem very high given their apparent financial situation

D. The clients ask a lot of questions about internal controls and the amounts involved seem very high given their apparent financial situation

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제4

(Germaine, a shareholder-manager, already has a group RRSP for her employees. She now wants to establish a second group savings plan that allows employees to withdraw money at any time without additional taxes or penalties.
Which plan fits her needs?)

A. A group TFSA.

B. ADBPP.

C. APRPP.

D. ADPSP.

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제5

Pete is the owner of Blenheim News Tribune Inc, a company responsible for producing the local newspaper.
He has owned the family-run business for 30 years, and he currently employs 10 people. Peter wants to offer a group benefits plan to his staff, so he meets with Daphne, a licensed insurance agent to go over some options.
He would be willing to cover 75% of each employee's required premium and ask that each employee be responsible for their remaining 25%.
Based on the information provided, which statement is true regarding Blenheim News Tribune Inc's group insurance premiums?

A. All premiums paid by Blenheim News Tribune Inc are eligible to be deducted as a business expense.

B. The premiums paid by an employee are a deductible expense to the employee.

C. Since Peter does not want to pay the entire premium, Blenheim News Tribune Inc is unable to claim any paid premiums as a business expense.

D. The premiums paid by Blenheim News Tribune Inc are not considered a taxable benefit for the employees.

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제6

Bachir owns a successful video game business and has 10 employees. The time has come to plan business succession and the eventual sale of the business. Bachir's nephew Kharim, who shows a real interest in the business, is identified as his successor. Bachir would like to protect his sales price until such time as the business is sold to Kharim, who does not have the funds yet and will need a few years to amass the required amount. Bachir and Kharim consult insurance agent Bianca for advice. What should Bianca propose?

A. Key person coverage.

B. Disability buyout coverage in the event of Kharim's disability.

C. Business loan protection.

D. Disability buyout coverage in the event of Bachir's disability.

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제7

Pierre-Marc, aged 32, is a dentist with a rich clientele. His income is substantial. Five years ago, he purchased an "any occupation" disability insurance policy. Today he meets with Joseph, his life insurance agent, to determine whether this type of coverage is still adequate. What should Joseph tell him?

A. This type of coverage is adequate. Pierre-Marc will be entitled to disability benefits even if he can work in another profession, provided he chooses not to do so.

B. This type of coverage is no longer adequate. Pierre-Marc should purchase "own occupation" coverage, which would allow him to collect benefits even if he can work in another profession and chooses to do so.

C. This type of coverage is no longer adequate. Pierre-Marc should purchase an accidental death and dismemberment rider, which would allow him to collect a lump-sum benefit if he injures his hands.

D. This type of coverage is adequate because it is more flexible. Pierre-Marc will be entitled to disability benefits even if he can work in another profession and chooses to do so.

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제8

Denise, age 45, is a member of her employer's group insurance plan, which provides disability protection for
60% of her annual salary of $60,000. Louis, her 42-year-old spouse, is self-employed, has an annual income of $45,000, and no disability protection. As parents of three teenagers, Denise and Louis need $6,000 a month to meet their financial obligations with respect to such expenses as housing, food, car, clothing, and entertainment. Which of the following best characterizes Denise and Louis' current protection?

A. The likelihood of Denise and Louis becoming disabled at the same time is almost zero. So, there is no need for additional protection.

B. In the event Louis is disabled and has no monthly income, Denise's income will be insufficient to meet the couple's financial obligations. It is recommended that Louis take out insurance to protect up to 60% of his income.

C. In the event Denise is disabled, she will receive $3,000/month. Along with Louis' monthly income of
$3,750, the couple will have no difficulty meeting their financial obligations, so there is no need for additional protection.

D. Denise should increase her group insurance protection to cover 75% of her income.

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제9

Samir applied for a life insurance policy 18 months ago. At the time of the application, he was employed as an accountant. Samir quit his accounting job 6 months ago to become a professional scuba diver.
Which of the following statements about Samir's life insurance policy is CORRECT?

A. Samir must inform his insurer about his change of occupation within 6 months of the change.

B. Samir is not required to declare his change in occupation because the policy is less than 2 years old.

C. Regardless of whether Samir informs his insurer of his change in occupation, if he dies while scuba diving, he would not be covered.

D. Samir has no obligation to notify the insurer of his change of occupation regardless of how old the policy is.

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제10

(Justin purchased a single life annuity contract with no guaranteed period and no survivor benefit. He is now hospitalized.
If Justin passes away, who could make a claim on behalf of his estate regarding the annuity?)

A. A death claim could not be made for the annuity Justin purchased.

B. Only Justin's spouse, as the contingent annuitant, could make the claim.

C. Only the executor of Justin's estate could make the claim.

D. Any person with a power of attorney could make the claim.

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제11

Andrea, owner of Andrea's Fashions Inc., employs her designer daughter Judy, who will carry on the business after Andrea is gone. Wishing to ensure that the business would not suffer financially when Andrea passes away, Andrea decides at age 50 to have her business own, pay for, and be the beneficiary of life insurance on Andrea's life. The type of insurance that best suits is non-convertible Term 10 life insurance renewable until age 80.
What should her life insurance agent advise regarding this policy?

A. The coverage can be converted to permanent insurance at any time.

B. The coverage will end at Andrea's age 80.

C. The coverage can only be renewed once.

D. The coverage will pay a benefit to Judy upon Andrea's death.

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제12

Rowan works for a construction company that employs 40 employees. The company is newly established, and the owners have yet to implement a group insurance policy. Rowan falls off the side of a building and breaks his collar bone. The doctor informs him that he will be unable to work for five months.
Who will pay him disability benefits while he is recuperating?

A. His employer.

B. Workers' Compensation.

C. Employment Insurance.

D. Canada Pension Plan.

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제13

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.

A. Universal life insurance policy.

B. 20-year term life insurance.

C. Term-100 life insurance policy.

D. 20-year decreasing term life insurance.

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제14

(Laurent, age 45, is married with three children. He has no pension plan but contributes to an RRSP.
His insurance agent recommends segregated funds but Laurent worries about losing his money if the insurer encounters financial difficulty.
What protection should the agent talk about to reassure Laurent?)

A. The protection offered by the Canadian Investor Protection Fund.

B. The protection offered by Assuris.

C. The protection offered by the Investor Protection Corporation.

D. The protection offered by the Canada Deposit Insurance Corporation.

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

최신 LLQP 무료덤프 - IFSE Institute Life License Qualification Program (LLQP)

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