Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
Suggested Answer: D

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

Limited Time Offer

25%

Off

Get Premium LLQP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Alysa
2 days ago
Protecting 60% seems risky. She travels a lot!
upvoted 0 times
...
Leontine
8 days ago
Agreed, but what about her business overhead?
upvoted 0 times
...
Cathrine
13 days ago
I think protecting 100% of her income is crucial.
upvoted 0 times
...
Germaine
18 days ago
Protecting 60% and overhead sounds like a solid plan.
upvoted 0 times
...
Rozella
23 days ago
Definitely need to cover business overhead expenses too!
upvoted 0 times
...
Herminia
28 days ago
Wait, how can she afford to protect 100%? Sounds too high.
upvoted 0 times
...
Kanisha
1 month ago
I think she should go for 100% coverage. Better safe than sorry!
upvoted 0 times
...
Miesha
1 month ago
Protecting 60% of her income seems reasonable.
upvoted 0 times
...
Celestine
1 month ago
Wow, I didn’t realize architects had such high incomes!
upvoted 0 times
...
Raelene
2 months ago
Business overhead expenses are crucial too, don’t forget those!
upvoted 0 times
...
Cristina
2 months ago
Wait, does she really need to protect that much? Sounds excessive.
upvoted 0 times
...
Sarina
3 months ago
I think she should go for 100% coverage. Better safe than sorry!
upvoted 0 times
...
Pamella
4 months ago
Protecting 60% of her income seems reasonable.
upvoted 0 times
...
Lashaun
4 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.
upvoted 0 times
...
Clorinda
4 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.
upvoted 0 times
...
Evangelina
4 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.
upvoted 0 times
...
Phung
5 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.
upvoted 0 times
...

Save Cancel