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IFSE Institute LLQP Exam - Topic 1 Question 27 Discussion

Dorothy, age 36, is an architect. She runs her own office with the help of two assistants. She owns her own condo, has an active social life, and travels regularly for pleasure. She has a net annual income of approximately $125,000, once all the business, rent, salary, and car expenses have been paid. Dorothy is well aware of the significant financial problems that she would face for any absences from the office due to illness or disability. What are Dorothy's main protection needs in this respect?
D) Protect 60% of her net annual income and business overhead expenses.
A) Protect 60% of her net annual income.
B) Protect 100% of her net annual income.
C) Protect business overhead expenses.

IFSE Institute LLQP Exam - Topic 1 Question 27 Discussion

Actual exam question for IFSE Institute's LLQP exam
Question #: 27
Topic #: 1
[All LLQP Questions]

Dorothy, age 36, is an architect. She runs her own office with the help of two assistants. She owns her own condo, has an active social life, and travels regularly for pleasure. She has a net annual income of approximately $125,000, once all the business, rent, salary, and car expenses have been paid. Dorothy is well aware of the significant financial problems that she would face for any absences from the office due to illness or disability. What are Dorothy's main protection needs in this respect?

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Suggested Answer: D

by Krissy at Apr 13, 2026, 02:46 AM

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Lon
1 day ago
Protecting overhead expenses is smart. She can't afford to lose her office!
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Loren
6 days ago
I feel like 60% is too low. She has a lifestyle to maintain!
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Merissa
12 days ago
I’d go for option D. Income and overhead are both important.
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Bettina
17 days ago
But what about her business expenses? They matter too!
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Lauran
22 days ago
Definitely! She needs that full coverage for peace of mind.
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Stevie
27 days ago
I think protecting 100% of her income is crucial.
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Stephaine
1 month ago
Definitely need to cover her full income. Illness can hit hard.
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Fanny
1 month ago
I lean towards option D. Both income and overhead need coverage.
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Lelia
1 month ago
Business overhead expenses are important too.
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Alysa
2 months ago
Protecting 60% seems risky. She travels a lot!
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Leontine
2 months ago
Agreed, but what about her business overhead?
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Cathrine
2 months ago
I think protecting 100% of her income is crucial.
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Germaine
2 months ago
Protecting 60% and overhead sounds like a solid plan.
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Rozella
2 months ago
Definitely need to cover business overhead expenses too!
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Herminia
2 months ago
Wait, how can she afford to protect 100%? Sounds too high.
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Kanisha
3 months ago
I think she should go for 100% coverage. Better safe than sorry!
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Miesha
3 months ago
Protecting 60% of her income seems reasonable.
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Celestine
3 months ago
Wow, I didn’t realize architects had such high incomes!
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Raelene
3 months ago
Business overhead expenses are crucial too, don’t forget those!
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Cristina
3 months ago
Wait, does she really need to protect that much? Sounds excessive.
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Sarina
5 months ago
I think she should go for 100% coverage. Better safe than sorry!
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Pamella
5 months ago
Protecting 60% of her income seems reasonable.
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Lashaun
6 months ago
I think the best option might be D, since it covers both her income and the business overhead. That way, she wouldn't have to worry about her assistants or office expenses if she couldn't work.
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Clorinda
6 months ago
I’m a bit confused about whether she should protect 100% of her income or just 60%. I think it depends on her lifestyle and expenses, but I can't recall the exact details.
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Evangelina
6 months ago
I feel like we practiced a similar question where we had to consider both income and business expenses. Protecting overhead expenses seems really important for someone like Dorothy.
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Phung
6 months ago
I remember discussing income protection in class, and I think protecting 60% of her income might be a common recommendation, but I'm not entirely sure.
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