IFSE Institute LLQP Exam - Topic 1 Question 13 Discussion

Actual exam question for IFSE Institute's LLQP exam

Question #: 13
Topic #: 1

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?

AThe executor of Kirill's estate.

BKatya.

CNatalya.

DDmitry.

Show Suggested Answer

Suggested Answer: C

In the case of life insurance where a subrogated policyholder is designated, that individual (in this case, Natalya) would assume ownership rights of the policy upon the original policyholder's death. Since Kirill named Natalya as the subrogated policyholder, she would become the new policyholder upon his death, regardless of the fact that Kirill did not have a will. This designation bypasses the estate, meaning the executor or other family members (like Katya) do not assume ownership. This outcome aligns with LLQP guidelines on succession planning and the assignment of life insurance ownership.

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by Laquita at Mar 22, 2025, 10:16 AM

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Shelia

9 months ago

Wait, can you really have a subrogated policyholder without a named beneficiary?

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Elizabeth

9 months ago

I agree, Natalya is the right choice here.

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Rickie

10 months ago

The subrogated policyholder is usually the one who takes over. So, Natalya should be it.

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Laurena

10 months ago

Why would Katya get it? She’s just paying the premiums.

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Jamal

10 months ago

Just to clarify, the executor of the estate typically handles these situations if no beneficiary is named.

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Ahmad

10 months ago

I feel like Natalya should be the new policyholder since she was named as subrogated, but I’m not entirely confident about the implications of Kirill's death without a will.

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Jamika

11 months ago

I practiced a similar question where the policyholder was named, and it was straightforward. This one feels trickier without a beneficiary.

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Lavonda

11 months ago

I think the policyholder might default to the executor of the estate if there's no clear beneficiary, but I could be wrong.

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Dante

11 months ago

I remember discussing how subrogation works in insurance, but I'm not sure if it applies here since Kirill didn't name a beneficiary.

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Linn

11 months ago

This is a tough one. I'm not sure if the subrogated policyholder, Natalya, would take precedence over the executor of the estate. I'll have to review the insurance policy details carefully.

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Aaron

11 months ago

I'm pretty confident the answer is B. Katya, Kirill's wife, was asked to pay the premiums, so she should become the new policyholder.

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Louis

12 months ago

Okay, I think I've got this. Since Kirill died without a will, the policy would likely go to his estate. So the executor of his estate would become the new policyholder.

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My

12 months ago

Hmm, I'm a bit confused. Since Kirill didn't name a beneficiary, I'm not sure who would become the new policyholder. I'll have to think this through step-by-step.

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Chu

1 year ago

This seems like a tricky question. I'll need to carefully review the details about the policy and Kirill's estate to determine the new policyholder.

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Carlee

1 year ago

I agree with Crista, Katya seems like the most likely option.

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Crista

1 year ago

I believe it will be Katya since she was asked to pay the premiums.

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Denise

2 years ago

As Princess's lawyer cousin, I can tell you that the answer is clearly C) Princess. Kirill named her as the subrogated policyholder, so she's the one who takes over. It's like a no-brainer, really. Unless, of course, Kirill had a secret twin brother who came back from the grave to claim the policy. Now that would be a plot twist!

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Selma

1 year ago

D) Dmitry.

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Lawanda

1 year ago

C) Natalya.

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Keneth

1 year ago

B) Katya.

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Jessenia

1 year ago

A) The executor of Kirill's estate.

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Rasheeda

1 year ago

D) Dmitry.

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Jimmie

1 year ago

C) Natalya.

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Ardella

1 year ago

B) Katya.

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Crissy

1 year ago

A) The executor of Kirill's estate.

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Princess

2 years ago

I'm pretty sure I'm the subrogated policyholder, so I should be the new one. But then again, who knows how these insurance things work? I'll have to ask my lawyer cousin Boris for his input. He's got a knack for these legal matters.

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Nickie

2 years ago

Wow, this is a tricky one! I'm not sure who the new policyholder should be. Maybe I should ask my grandpa Kirill for some advice... oh wait, he's gone. Hmm, this is getting complicated.

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