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Die seit kurzem aktuellsten IFSE Institute LLQP Prüfungsinformationen, 100% Garantie für Ihen Erfolg in der Prüfungen!

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>> LLQP Vorbereitung <<

LLQP Prüfungsressourcen: Life License Qualification Program (LLQP) & LLQP Reale Fragen

Wir Pass4Test bieten alle mögliche Vorbereitungsunterlagen von IFSE Institute LLQP Zertifizierungsprüfung. Sie können die IFSE Institute LLQP Prüfungsunterlagen in verschiedenen Webseiten und Büchern finden. Aber unsere Prüfungsfragen und Testantworten sind die besten und die umfassendsten. Unsere IFSE Institute LLQP Prüfungsfragen und-antworten können Ihnen helfen, nur einmal diese Prüfung zu bestehen. Und Sie können weniger Zeit verwenden.

IFSE Institute Life License Qualification Program (LLQP) LLQP Prüfungsfragen mit Lösungen (Q166-Q171):

166. Frage
Goran and Tanja married two years ago. Last year, they purchased and moved into a three-bedroom house in the suburbs. The current balance on their mortgage is $655,000. They meet with Ljubomir, an insurance agent, to purchase a joint term life insurance policy to cover the mortgage. When Ljubomir asks about their existing coverage, Goran shares that he has none. Tanja explains that she owns a universal life (UL) policy with a level death benefit of $50,000 and a cash surrender value (CSV) of $5,000, purchased 6 years ago from another agent. Tanja would like to surrender her UL policy and use the $5,000 CSV to pay for a trip to Europe. What additional information about Tanja's UL policy does Ljubomir need to collect?

A. The dividends and paid-up additions.
B. The adjusted cost basis (ACB) and surrender charges of the policy's CSV.
C. The premiums upon renewal.
D. The investment vehicle of the policy's CSV.

Antwort: B

Begründung:
When considering surrendering a universal life (UL) policy, it is essential to understand the tax implications and any costs associated with surrender. Theadjusted cost basis (ACB)helps determine the taxable portion of the policy's cash surrender value (CSV) because any amount received above the ACB may be subject to tax.
Additionally,surrender chargescould reduce the CSV received upon surrender. Therefore, Ljubomir needs to collect both the ACB and any surrender charges applicable to Tanja's policy. These factors will help Tanja make an informed decision regarding the net amount she would receive from surrendering the policy and the potential tax liability.

167. Frage
Ten years ago, Anastasia purchased a $125,000 10-year term renewable life insurance policy. Her insurance need has not changed, and she is still in good health. She asks her insurance agent Raphael what she should do.

A. Shop around for a better rate.
B. Renew the policy at an increased rate.
C. Renew her policy and restart the incontestability period.
D. Renew her current policy at the same rate.

Antwort: B

Begründung:
Term life insurance policies typically allow for renewal at the end of the term, but the premium is recalculated based on the policyholder's age at renewal. Since Anastasia's policy is a 10-year term, and she is now renewing it, her premiums will be higher due to her increased age, despite her good health. The policy will renew without medical underwriting, but it will be at an increased rate. Option A is incorrect, as the rate cannot remain the same. Option C, restarting the incontestability period, may happen but is unrelated to the premium question.Option D, shopping for a better rate, is an option but not directly tied to renewal.Therefore, Option Bis correct.

168. Frage
On February 15, 2015, Donald took out income replacement insurance with an accidental death and dismemberment rider of $50,000 and a critical illness insurance rider of $25,000. The policy wasissued on April 1, 2015. On April 10, 2015, his doctor tells him that the results of a urine analysis carried out at the end of March reveal a serious anomaly and refers him to an emergency urologist. On April 20, Donald is diagnosed with cancer of the right kidney, which is due to be removed on April 26. But, two days before the procedure, Donald dies in a car accident. What benefit amount will the estate receive?

A. $25,000
B. $50,000
C. $75,000
D. $0

Antwort: B

Begründung:
Comprehensive and Detailed Explanation:
AD&D pays $50,000 for accidental death. CI ($25,000) requires surviving a 30-day waiting period post- diagnosis (April 20 to May 20); Donald died on April 24, so no CI benefit (Chapter 1:Financial Protection Provided by Accident and Sickness Insurance).
Option A: Incorrect; AD&D applies.
Option B: Incorrect; CI not paid.
Option C: Correct; $50,000 AD&D only.
Option D: Incorrect; CI not triggered.
Reference: LLQP Accident and Sickness Insurance Manual, Chapter 1:Financial Protection Provided by Accident and Sickness Insurance.

169. Frage
Maeve is an Ontario resident. Fifteen years ago, she purchased a $250,000 whole life insurance policy and named her husband Guillaume as the primary beneficiary and her 4-year-old son Edwin as the contingent beneficiary. Last week, Tasha, Maeve's insurance agent called her to ask if she has had any life changes that would warrant a meeting to review her insurance coverage. Maeve informs her that over the last year she divorced Guillaume and that she is now living with her new boyfriend Eduardo. Tasha asks to meet Maeve to review her beneficiary designation. Who will receive Maeve's death benefit if she dies today?

A. Maeve's estate
B. Eduardo
C. Edwin
D. Guillaume

Antwort: D

Begründung:
In Ontario, unless a beneficiary designation is changed formally through the policyholder or as part of a court order, the originally designated beneficiary remains entitled to the death benefit. Since Maeve has not updated her beneficiary designation following her divorce, Guillaume remains the primary beneficiary. Divorce does not automatically revoke a beneficiary designation in life insurance policies. Therefore, if Maeve dies today, Guillaumewould receive the death benefit. Edwin, the contingent beneficiary, would only receive the benefit if Guillaume were unable to (e.g., predeceased).

170. Frage
Andre, an insurance agent, meets with his client Jasper to discuss his $150,000 whole life insurance policy.
Jasper is deeply indebted and needs at least $40,000 to cover his debt. Andre tells him about a company he knows that will be willing to give him $75,000 if he assigns his policy to them. Did Andre act appropriately?

A. Yes, as long as this practice is not illegal in his province of residence.
B. No, because Jasper is not allowed to assign his policy to an arms-length entity.
C. No, because trafficking in insurance is discouraged by the insurance industry.
D. Yes, because he is helping his client pay off his debt.

Antwort: C

Begründung:
The practice of trafficking in insurance involves selling or assigning a life insurance policy to a third party, often at a discounted rate, which is typically discouraged within the insurance industry due to ethical concerns and potential misuse. The LLQP materials warn against such practices as they can be perceived as exploiting insurance contracts for profit, rather than for their intended purpose of providing financial security. Therefore, Andre acted inappropriately by suggesting this arrangement without considering the ethical implications.

171. Frage
......

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LLQP Musterprüfungsfragen: https://www.pass4test.de/LLQP.html

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LLQP Trainingsmaterialien: Life License Qualification Program (LLQP) & LLQP Lernmittel & IFSE Institute LLQP Quiz

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