Free CSI LLQP Exam Questions
Absolute Free LLQP Exam Practice for Comprehensive Preparation
-
CSI LLQP Exam Questions
-
Provided By: CSI
- Exam: Life License Qualification Program Insurance Course (LLQP)
- Certification: Canadian Securities Course
-
Total Questions: 0
-
Updated On: Jul 22, 2026
-
Rated: 4.9 |
-
Online Users: 0
-
Question 1
-
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?
Answer: A
-
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?
-
Question 2
-
Emery is a healthy wife and mother of two who spends her days caring for her children and volunteering at
the local food bank. Emery would like to purchase disability insurance coverage because she is worried about
how she would be able to take care of her family if she becomes disabled.
What type of disability policy, if any, is likely to be issued to her?
Answer: C
-
Emery is a healthy wife and mother of two who spends her days caring for her children and volunteering at
the local food bank. Emery would like to purchase disability insurance coverage because she is worried about
how she would be able to take care of her family if she becomes disabled.
What type of disability policy, if any, is likely to be issued to her?
-
Question 3
-
Kirill purchases a $250,000 permanent life insurance policy on the life of his grandson, Dmitry. Kirill asks his
wife Katya to pay the policy premiums and names his daughter, Natalya, as the subrogated policyholder. He
does not name a beneficiary. Subsequently, Kirill dies without a will.
Who will become the new policyholder?
Answer: C
-
Kirill purchases a $250,000 permanent life insurance policy on the life of his grandson, Dmitry. Kirill asks his
wife Katya to pay the policy premiums and names his daughter, Natalya, as the subrogated policyholder. He
does not name a beneficiary. Subsequently, Kirill dies without a will.
Who will become the new policyholder?
-
Question 4
-
Gino, an insurance of persons representative, is cleaning his office and going through old files. He comes
across a file from a former client, Nathan, who owned a 20-year term insurance policy that was cancelled 3
years ago. Nathan now has a different representative and Gino no longer has any contact with him. Gino
would like to know if he can destroy Nathan's file.
Which of the following options is CORRECT?
Answer: C
-
Gino, an insurance of persons representative, is cleaning his office and going through old files. He comes
across a file from a former client, Nathan, who owned a 20-year term insurance policy that was cancelled 3
years ago. Nathan now has a different representative and Gino no longer has any contact with him. Gino
would like to know if he can destroy Nathan's file.
Which of the following options is CORRECT?
-
Question 5
-
Dakota is the owner of Fresh Drapes, a home decoration company. She opened her business five years agowhen she quit her day job, took out loans, and put all her life savings into opening her store. Her business isdoing well, so she meets with Tanya, an insurance agent, to start investing for her retirement. Aftercompleting a thorough needs analysis, Tanya suggests that Dakota purchase segregated funds and name herhusband as the beneficiary of the funds.Which of the following offers the GREATEST benefit to Dakota by investing in segregated funds over othertypes of investments?
Answer: D
-
Dakota is the owner of Fresh Drapes, a home decoration company. She opened her business five years agowhen she quit her day job, took out loans, and put all her life savings into opening her store. Her business isdoing well, so she meets with Tanya, an insurance agent, to start investing for her retirement. Aftercompleting a thorough needs analysis, Tanya suggests that Dakota purchase segregated funds and name herhusband as the beneficiary of the funds.Which of the following offers the GREATEST benefit to Dakota by investing in segregated funds over othertypes of investments?