IFSE Institute Exam LLQP Topic 3 Question 16 Discussion

Actual exam question for IFSE Institute's LLQP exam

Question #: 16
Topic #: 3

[All LLQP Questions]

Alex is meeting with his financial advisor, Shannon, to discuss potential life insurance options. Alex's need for insurance will increase gradually over time due to growth on his investment properties. He would like the mortgages and taxable gains paid off if he were to pass away. Shannon recommends a permanent policy, as Alex's need is long-term, and could extend beyondany period of time a term policy would cover. Alex also wants to add an extra coverage onto this policy as he wants to be provided with additional growth over time he needs.

Which rider would work for Alex?

APaid-up additions rider with restriction

BGuaranteed insurability benefit rider

CTerm insurance rider

DAccidental death rider

Show Suggested Answer

Suggested Answer: A

by Ben at Jun 14, 2025, 06:59 AM

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Edna

7 days ago

The accidental death rider could be a good addition, just in case. You know, just to cover his bases in case he trips over one of those investment properties and takes a tumble.

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Ailene

7 days ago

I see both points, but I think option B provides Alex with the flexibility he needs for his long-term insurance goals.

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Cecilia

9 days ago

I disagree, I believe option A, Paid-up additions rider with restriction, would be more suitable for Alex's needs.

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Graciela

9 days ago

Term insurance rider? Really? That doesn't seem to fit Alex's long-term needs at all. He's better off with a permanent policy.

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India

10 days ago

I think option B, Guaranteed insurability benefit rider, would work best for Alex.

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Lindsey

22 days ago

Hmm, the paid-up additions rider with restriction could work too. That way he can build up cash value in the policy to help with the growing mortgages and taxes.

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Oretha

1 months ago

I think the Guaranteed insurability benefit rider would be the best option for Alex. It allows him to increase his coverage over time as his needs grow, which is exactly what he's looking for.

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Murray

13 days ago

B: I agree, it would allow him to increase his coverage as needed.

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Hermila

16 days ago

A: I think the Guaranteed insurability benefit rider would be the best option for Alex.

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