Free IFSE Institute LLQP Exam Questions
Absolute Free LLQP Exam Practice for Comprehensive Preparation
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IFSE Institute LLQP Exam Questions
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Provided By: IFSE Institute
- Exam: Life License Qualification Program (LLQP) Certification
- Certification: IFSE Certification
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Total Questions: 150
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Updated On: May 27, 2025
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Rated: 4.9 |
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Online Users: 300
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Question 1
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Samira, a 42-year-old single mother of four, owns an individual disability insurance (DI) policy. Lastweek, she was hospitalized because of complications from diabetes. She hired an emergency nannyto 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 ofexpenses.What is the name of the rider contained in Samira's policy?
Answer: D
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Samira, a 42-year-old single mother of four, owns an individual disability insurance (DI) policy. Lastweek, she was hospitalized because of complications from diabetes. She hired an emergency nannyto 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 ofexpenses.What is the name of the rider contained in Samira's policy?
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Question 2
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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.
Answer: B
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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.
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Question 3
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Harold is a 66-year-old retired school bus mechanic. He receives $900 a month from his definedbenefit pension plan (DBPP). His husband Karl is also retired and receives his own pension benefit.Harold would like to know the minimum monthly pension benefit from his DBPP that Karl will receive upon Harold's death.
Answer: A
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Harold is a 66-year-old retired school bus mechanic. He receives $900 a month from his definedbenefit pension plan (DBPP). His husband Karl is also retired and receives his own pension benefit.Harold would like to know the minimum monthly pension benefit from his DBPP that Karl will receive upon Harold's death.
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Question 4
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Samira, a 42-year-old single mother of four, owns an individual disability insurance (DI) policy. Lastweek, she was hospitalized because of complications from diabetes. She hired an emergency nannyto 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 ofexpenses.What is the name of the rider contained in Samira's policy?
Answer: D
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Samira, a 42-year-old single mother of four, owns an individual disability insurance (DI) policy. Lastweek, she was hospitalized because of complications from diabetes. She hired an emergency nannyto 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 ofexpenses.What is the name of the rider contained in Samira's policy?
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Question 5
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Thien is 56 years old and has recently been diagnosed by his doctor with a heart condition for whichthere is no known treatment, and which has dramatically reduced his life expectancy. Thien hasdecided to take early retirement. Fortunately, after 30 years of service working as a credit officer at alocal bank, he has accumulated a large sum in his pension plan. Thien's wife supports his decision toretire early. She is 49 and in good health, and plans to continue working and earning a lucrativeincome at her current position as a divorce lawyer at a prestigious law firm, at least until she reaches65 years of age.What type of annuity would BEST suit Thien's needs?
Answer: D
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Thien is 56 years old and has recently been diagnosed by his doctor with a heart condition for whichthere is no known treatment, and which has dramatically reduced his life expectancy. Thien hasdecided to take early retirement. Fortunately, after 30 years of service working as a credit officer at alocal bank, he has accumulated a large sum in his pension plan. Thien's wife supports his decision toretire early. She is 49 and in good health, and plans to continue working and earning a lucrativeincome at her current position as a divorce lawyer at a prestigious law firm, at least until she reaches65 years of age.What type of annuity would BEST suit Thien's needs?