Ifse Institute exams4sure complete Llqp Materials by Alma q105 vce pdf

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Exam Name:	Life License Qualification Program (LLQP)
Exam Code:	LLQP Dumps
Vendor:	IFSE Institute	Certification:	Life License Qualification Program
Questions:	262 Q&A's	Shared By:	alma

Question 20

Germain is a life insurance agent. This morning, he receives a call from Jason, whose wife, Rosalie owned a $50,000 life insurance policy that she purchased from Germain seven years ago. Jason explains that Rosalie had a heart attack and died last week. Germain promises to help as much as he can.

Options:

He can provide the claim form to Jason and help him fill it out.

He can assure Jason that the payment will be made within 5 days after receipt of the claim.

He can inform Jason that the death benefit will be paid within 30 days of Rosalie’s death.

He can assure Jason that he will settle the death benefit as quickly as possible.

Discussion

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Question 21

Bea is a married 65-year-old woman applying for a life insurance policy. She meets with Stanley, her insurance agent, to review her insurance needs. Stanley inquires if Bea has started receiving Old Age Security (OAS) and Canada Pension Plan (CPP) benefits. Why is it important for Stanley to know this?

Options:

These funds are taxable and may increase her need for life insurance.

Her life insurance needs may decrease if she is retired.

Her spouse may be eligible for survivor benefits upon her death.

To calculate her retirement income.

Discussion

Question 22

Six years ago, when Kacey was working as an active firefighter, she purchased a $200,000 30-year term life insurance policy. At the time, the insurance company rated her policy. Recently, she changed roles and now works for the fire department’s public relations office, answering media calls and filling out paperwork. She meets with her insurance agent, Bernice, to ask if the insurer would consider reducing her premiums.

Options:

The premiums cannot be increased once the policy is issued.

The insurer cannot reduce the premium, but Kacey can apply for a new policy at a lower premium.

The premiums can be reduced only if the policy has been in force for more than two years.

Her premiums can be reduced since she is no longer a firefighter.

Discussion

Question 23

Francis owns a $250,000 insurance policy with an accidental death and dismemberment (AD&D) rider. Francis calls his insurance agent Andrew to inform him that he permanently lost the use of his right hand. He explains to Andrew that his brother shot him when he broke into his brother’s house to recover a gold watch that was rightfully his. Francis wants to know how much he will receive from his AD&D rider.

Options:

Francis will receive a benefit of $165,000.

Francis will receive a benefit of $187,500.

Francis will receive a benefit of $250,000.

Francis will not receive any benefit.