Amazon
Avaya
Cisco
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL
Juniper
Microsoft
NVIDIA
Okta
Palo Alto Networks
Salesforce
SAP
ServiceNow
All Vendors
  1. Home
  2. IFSE Institute
  3. LLQP

IFSE Institute LLQP Exam (page: 2)
IFSE Institute Life License Qualification Program (LLQP)
Updated on: 31-Mar-2026

Viewing Page 2 of 39
LLQP PDF 298 Questions

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.

  1. He can provide the claim form to Jason and help him fill it out.
  2. He can assure Jason that the payment will be made within 5 days after receipt of the claim.
  3. He can inform Jason that the death benefit will be paid within 30 days of Rosalie's death.
  4. He can assure Jason that he will settle the death benefit as quickly as possible.

Answer(s): A



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?

  1. Guillaume
  2. Edwin
  3. Eduardo
  4. Maeve's estate

Answer(s): A



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.

  1. The premiums cannot be increased once the policy is issued.
  2. The insurer cannot reduce the premium, but Kacey can apply for a new policy at a lower premium.
  3. The premiums can be reduced only if the policy has been in force for more than two years.
  4. Her premiums can be reduced since she is no longer a firefighter.

Answer(s): B



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.

  1. Renew her current policy at the same rate.
  2. Renew the policy at an increased rate.
  3. Renew her policy and restart the incontestability period.
  4. Shop around for a better rate.

Answer(s): B



Aaliyah is a 37-year-old account manager at a large pharmaceutical company. She earns $300,000 a year plus bonuses. She meets with Theo, an insurance agent, to review her life insurance needs. Theo deduces that Aaliyah needs a $250,000 universal life (UL) insurance policy. Aaliyah agrees but states that she wants to keep her premiums low.
Which of the following UL death benefit options would BEST suit her needs?

  1. Level death benefit.
  2. Level death benefit plus account value.
  3. Level death benefit plus cumulative premiums.
  4. Indexed death benefit.

Answer(s): A



Konrad is the owner of CrossBoy, a manufacturing company employing over 50 employees. Konrad recently took out a $500,000 loan to expand his business. Terrence works as a sales manager and is responsible for roughly 40% of the company's revenue. Konrad recognizes the importance of Terrence's contributions to the success of the company. Therefore, in addition to a sizeable basesalary, CrossBoy also pays Terrence regular performance-based bonuses. Konrad understands that if Terrence dies prematurely, CrossBoy would suffer financially.
What should he do to protect his company?

  1. Offer Terrence group life insurance plan.
  2. Purchase business-owned buy-agreement with Terrence.
  3. Purchase key person life insurance on Terrence.
  4. Purchase criss-cross insurance with Terrence.

Answer(s): C



Coraline owns a $250,000 whole life insurance policy. She purchased the policy last year and does not have any funds accumulated in her cash surrender value (CSV). On December 30, Coraline assigns the policy to the cancer foundation, and she plans on continuing to pay the $200 monthly premium. Coraline calls her accountant James to ask him how much of her donation she will be able to use to obtain a charitable tax credit this year.

  1. $0
  2. $200
  3. $2,400
  4. $250,000

Answer(s): D



Three years ago, Douglas purchased a whole life insurance policy with numerous supplementary benefits and riders. Today, he meets with his doctor who informs him that he has late-stage colon cancer and has only a few months to live. Even with surgery, his chances of survival are low. Douglas calls his insurance agent, Penny, to ask her what he should do to obtain a benefit immediately.

  1. Dread disease benefit.
  2. Terminal illness benefit.
  3. Policy loan.
  4. Policy withdrawal.

Answer(s): B



Viewing Page 2 of 39



Share your comments for IFSE Institute LLQP exam with other users:

Aderonke 10/23/2023 12:53:00 PM

fantastic assessment on psm 1
UNITED KINGDOM


SAJI 7/20/2023 2:51:00 AM

56 question correct answer a,b
Anonymous


Raj Kumar 10/23/2023 8:52:00 PM

thank you for providing the q bank
CANADA


piyush keshari 7/7/2023 9:46:00 PM

true quesstions
Anonymous


B.A.J 11/6/2023 7:01:00 AM

i can´t believe ms asks things like this, seems to be only marketing material.
Anonymous


Guss 5/23/2023 12:28:00 PM

hi, could you please add the last update of ns0-527
Anonymous


Rond65 8/22/2023 4:39:00 PM

question #3 refers to vnet4 and vnet5. however, there is no vnet5 listed in the case study (testlet 2).
UNITED STATES


Cheers 12/13/2023 9:55:00 AM

sometimes it may be good some times it may be
GERMANY


Sumita Bose 7/21/2023 1:01:00 AM

qs 4 answer seems wrong- please check
AUSTRALIA


Amit 9/7/2023 12:53:00 AM

very detailed explanation !
HONG KONG


FisherGirl 5/16/2022 10:36:00 PM

the interactive nature of the test engine application makes the preparation process less boring.
NETHERLANDS


Chiranthaka 9/20/2023 11:15:00 AM

very useful.
Anonymous


SK 7/15/2023 3:51:00 AM

complete question dump should be made available for practice.
Anonymous


Gamerrr420 5/25/2022 9:38:00 PM

i just passed my first exam. i got 2 exam dumps as part of the 50% sale. my second exam is under work. once i write that exam i report my result. but so far i am confident.
AUSTRALIA


Kudu hgeur 9/21/2023 5:58:00 PM

nice create dewey stefen
CZECH REPUBLIC


Anorag 9/6/2023 9:24:00 AM

i just wrote this exam and it is still valid. the questions are exactly the same but there are about 4 or 5 questions that are answered incorrectly. so watch out for those. best of luck with your exam.
CANADA


Nathan 1/10/2023 3:54:00 PM

passed my exam today. this is a good start to 2023.
UNITED STATES


1 10/28/2023 7:32:00 AM

great sharing
Anonymous


Anand 1/20/2024 10:36:00 AM

very helpful
UNITED STATES


Kumar 6/23/2023 1:07:00 PM

thanks.. very helpful
FRANCE


User random 11/15/2023 3:01:00 AM

i registered for 1z0-1047-23 but dumps qre available for 1z0-1047-22. help me with this...
UNITED STATES


kk 1/17/2024 3:00:00 PM

very helpful
UNITED STATES


Raj 7/24/2023 10:20:00 AM

please upload oracle 1z0-1110-22 exam pdf
INDIA


Blessious Phiri 8/13/2023 11:58:00 AM

becoming interesting on the logical part of the cdbs and pdbs
Anonymous


LOL what a joke 9/10/2023 9:09:00 AM

some of the answers are incorrect, i would be wary of using this until an admin goes back and reviews all the answers
UNITED STATES


Muhammad Rawish Siddiqui 12/9/2023 7:40:00 AM

question # 267: federated operating model is also correct.
SAUDI ARABIA


Mayar 9/22/2023 4:58:00 AM

its helpful alot.
Anonymous


Sandeep 7/25/2022 11:58:00 PM

the questiosn from this braindumps are same as in the real exam. my passing mark was 84%.
INDIA


Eman Sawalha 6/10/2023 6:09:00 AM

it is an exam that measures your understanding of cloud computing resources provided by aws. these resources are aligned under 6 categories: storage, compute, database, infrastructure, pricing and network. with all of the services and typees of services under each category
GREECE


Mars 11/16/2023 1:53:00 AM

good and very useful
TAIWAN PROVINCE OF CHINA


ronaldo7 10/24/2023 5:34:00 AM

i cleared the az-104 exam by scoring 930/1000 on the exam. it was all possible due to this platform as it provides premium quality service. thank you!
UNITED STATES


Palash Ghosh 9/11/2023 8:30:00 AM

easy questions
Anonymous


Noor 10/2/2023 7:48:00 AM

could you please upload ad0-127 dumps
INDIA


Kotesh 7/27/2023 2:30:00 AM

good content
Anonymous