Free CSI LLQP Exam Questions
Absolute Free LLQP Exam Practice for Comprehensive Preparation
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CSI LLQP Exam Questions
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Provided By: CSI
- Exam: Life License Qualification Program Insurance Course (LLQP)
- Certification: Canadian Securities Course
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Total Questions: 0
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Updated On: May 22, 2026
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Rated: 4.9 |
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Online Users: 0
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Question 1
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Svetlana is a 45-year-old single mother with two children: Georgi 17; and Ingrid 13. The children's father,
Vladimir, has a serious gambling problem and only visits them sporadically. Vladimir's younger brother
Sergei, on the other hand, is a dependable and helpful uncle who helps Svetlana regularly with the children.
Svetlana meets with Robert, an insurance agent to review her life insurance needs because she wants to make
sure that her children are taken care of if she were to die prematurely. Robert suggests that she purchase a
$200,000 policy. Who should she name as a beneficiary?
Answer: B
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Svetlana is a 45-year-old single mother with two children: Georgi 17; and Ingrid 13. The children's father,
Vladimir, has a serious gambling problem and only visits them sporadically. Vladimir's younger brother
Sergei, on the other hand, is a dependable and helpful uncle who helps Svetlana regularly with the children.
Svetlana meets with Robert, an insurance agent to review her life insurance needs because she wants to make
sure that her children are taken care of if she were to die prematurely. Robert suggests that she purchase a
$200,000 policy. Who should she name as a beneficiary?
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Question 2
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Eloise has critical illness coverage through her group insurance plan at work. She is 54 years old, in excellent
health, and is planning to retire soon. She meets with Sonia, her insurance agent, to plan her retirement and to
make sure she will still be covered in the event of critical illness. To make sure she is not a burden on her
family, Eloise would also like to receive monthly benefits in the event she is placed in an assisted living
facility. What should Sonia tell her?
Answer: C
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Eloise has critical illness coverage through her group insurance plan at work. She is 54 years old, in excellent
health, and is planning to retire soon. She meets with Sonia, her insurance agent, to plan her retirement and to
make sure she will still be covered in the event of critical illness. To make sure she is not a burden on her
family, Eloise would also like to receive monthly benefits in the event she is placed in an assisted living
facility. What should Sonia tell her?
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Question 3
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A few months ago, Urmish filed a complaint to the Autorité des marchés financiers (AMF) about the services
he received from his insurance agent, Jaba. The complaint was heard by the discipline committee, and Jaba
was found guilty and ordered to pay a $10,000 fine. Jaba is upset and does not agree with the verdict. She
would like to appeal the verdict.
Which of the following statements is CORRECT?
Answer: B
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A few months ago, Urmish filed a complaint to the Autorité des marchés financiers (AMF) about the services
he received from his insurance agent, Jaba. The complaint was heard by the discipline committee, and Jaba
was found guilty and ordered to pay a $10,000 fine. Jaba is upset and does not agree with the verdict. She
would like to appeal the verdict.
Which of the following statements is CORRECT?
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Question 4
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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
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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?
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Question 5
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Arianna, a healthy 61-year-old university professor, is retiring this year and wants to transfer the funds she
accumulated in her registered retirement savings plan (RRSP) into an annuity. She is looking at different
options and would like to know which of the following annuities will pay the highest monthly benefit.
Answer: A
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Arianna, a healthy 61-year-old university professor, is retiring this year and wants to transfer the funds she
accumulated in her registered retirement savings plan (RRSP) into an annuity. She is looking at different
options and would like to know which of the following annuities will pay the highest monthly benefit.