UPDATES - Welcome to studywithjoydeep

Bob Thomas Bob Thomas

0 Course Enrolled • 0 Course Completed

Biography

LLQP - Latest Life License Qualification Program (LLQP) Latest Test Materials

itPass4sure is professional platform to establish for compiling LLQP exam materials for candidates, and we aim to help you to pass the LLQP examination as well as getting the related certification in a more efficient and easier way. Owing to the superior quality and reasonable price of our LLQP Exam Materials, our LLQP exam torrents are not only superior in price than other makers in the international field, but also are distinctly superior in many respects. Our pass rate of LLQP exam braindump is as high as 99% to 100%, which is unique in the market.

There is a succession of anecdotes, and there are specialized courses. Experts call them experts, and they must have their advantages. They are professionals in every particular field. The LLQP test material, in order to enhance the scientific nature of the learning platform, specifically hired a large number of qualification exam experts, composed of product high IQ team, these experts by combining his many years teaching experience of LLQP quiz guide and research achievements in the field of the test, to exam the popularization was very complicated content of Life License Qualification Program (LLQP) exam dumps, better meet the needs of users of various kinds of cultural level. Expert team not only provides the high quality for the LLQP Quiz guide consulting, also help users solve problems at the same time, leak fill a vacancy, and finally to deepen the user's impression, to solve the problem of IFSE Institute test material and no longer make the same mistake.

>> LLQP Latest Test Materials <<

Valid LLQP Test Duration, Reliable LLQP Guide Files

There has been fierce and intensified competition going on in the practice materials market. As the leading commodity of the exam, our LLQP practice materials have get pressing requirements and steady demand from exam candidates all the time. So our LLQP practice materials have active demands than others with high passing rate of 98 to 100 percent. We are one of the largest and the most confessional dealer of practice materials. That is why our LLQP practice materials outreach others greatly among substantial suppliers of the exam.

IFSE Institute LLQP Exam Syllabus Topics:

Topic
Details

Topic 1

Ethics and Professional Practice: This part of the exam focuses on the legal and ethical responsibilities of life insurance professionals. It outlines the legal framework for life insurance in common law provinces and territories and stresses the importance of maintaining professionalism.

Topic 2

Accident and Sickness Insurance: Aimed at insurance professionals offering individual and group health insurance, this section emphasizes the importance of financial protection in the case of serious illness or injury.

Topic 3

Life Insurance: This section assesses the expertise of insurance professionals, including financial advisors and life insurance agents, in understanding the financial impact of death. It explains how life insurance helps address those financial needs and introduces various life insurance products, along with their features and benefits.

Topic 4

Segregated Funds and Annuities: Targeted at investment advisors and financial planners, this section evaluates their understanding of saving and investment strategies, which are essential for retirement and financial planning.

IFSE Institute Life License Qualification Program (LLQP) Sample Questions (Q182-Q187):

NEW QUESTION # 182
Owen meets with his insurance agent, Rachel, to review his investments. Owen is interested in segregated funds. In particular, he wants to know more about the reset feature.
What should Rachel tell Owen about resetting his funds?

A. All segregated funds offer a reset feature.
B. The reset feature can be used if the market value increases or decreases.
C. The reset feature may be automatic.
D. There is no additional cost for a fund that provides a reset feature.

Answer: C

Explanation:
Rachel should inform Owen that some segregated funds offer an automatic reset feature, which adjusts the guaranteed value periodically based on the fund's market performance. This can lock in gains during rising markets without requiring manual intervention. According to LLQP resources, automatic resets can occur on specific anniversaries or under certain conditions specified in the contract.
Option A is incorrect as not all segregated funds offer a reset feature. Option C is incorrect as there may be costs associated with funds that provide reset options. Option D is incorrect because resets typically lock in gains, not losses.

NEW QUESTION # 183
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?

A. Hospital indemnity rider.
B. Childcare rider.
C. Cost-of-living adjustment.
D. Residual disability benefits.

Answer: B

Explanation:
Samira's individual disability insurance (DI) policy includes achildcare rider, which provides a daily benefit to cover the costs of hiring help to care for her children while she is unable to perform her usual duties due to illness or injury. This rider is particularly useful for policyholders with dependents, as it addresses the financial burden of childcare in cases where the policyholder's disability prevents them from fulfilling their caregiving responsibilities. None of the other options, such as residual disability benefits or hospital indemnity, specifically cover childcare expenses; therefore, the correct answer is the childcare rider.

NEW QUESTION # 184
(Gertrude wishes to invest her savings while having creditor protection and minimizing risk.
What type of segregated fund would be most suitable for her?)

A. Money market funds
B. Real estate funds
C. Index funds
D. Equity funds

Answer: A

Explanation:
Money market segregated fundsare considered the least risky because they invest in short-term, high-quality investments and offer principal preservation features. They also benefit from thecreditor protection associated with segregated fund contracts.
Exact Extract:
"Money market funds aim to preserve capital by investing in highly liquid, low-risk instruments. Segregated fund contracts may also offer creditor protection if structured appropriately." (Reference:Segfunds-E313-2020-12-7ED, Chapter 2.2.1 Money Market Funds)

NEW QUESTION # 185
Josephine visits her dentist in downtown Victoria, BC, to have a cavity filled. The procedure costs her $550 but the maximum fee for a standard filling, according to the provincial dental schedule, is $400. Josephine works for a company that offers employees group dental coverage with a yearly maximum of $1,000 and an
80% co-insurance factor.
How much will Josephine receive from the insurer for her procedure?

A. $400
B. $440
C. $320
D. $0

Answer: C

Explanation:
Josephine's group dental plan pays a percentage (80%) of theprovincial dental schedulefee, not the actual cost. For her filling, the schedule maximum is $400. Therefore, the insurer will cover 80% of $400, which amounts to $320. Although the procedure costs her $550, her coverage only applies to the schedule rate, meaning she will receive $320 from the insurer, while she covers the remainder out of pocket.

NEW QUESTION # 186
(Dominique invested $25,000 in fixed-rate GICs and $25,000 in bond segregated funds.
What type of risk do these investments involve?)

A. Inflation risk
B. Market risk
C. Industry risk
D. Liquidity risk

Answer: A

Explanation:
Both GICs and bonds are subject toinflation risk, meaning that if inflation rises faster than the returns generated by these fixed-income investments, the real value (purchasing power) of the investments decreases over time.
Exact Extract:
"Inflation risk refers to the possibility that the return on an investment will not keep up with the rate of inflation, eroding the real value of investment returns. Fixed-income investments like GICs and bonds are particularly susceptible to this risk." (Reference:Segfunds-E313-2020-12-7ED, Chapter 1.4.3 Inflation Risk)

NEW QUESTION # 187
......

Do not ask me why you should purchase Life License Qualification Program (LLQP) LLQP valid exam prep, of course it is because of its passing rate. As every one knows certificaiton is difficult to pass, its passing rate is low, if you want to save exam cost and money, choosing a LLQP Valid Exam Prep will be a nice option.

Valid LLQP Test Duration: https://www.itpass4sure.com/LLQP-practice-exam.html

Bob Thomas Bob Thomas

Biography

Quick Links

Resources

Support