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IFSE Institute LLQP Exam - Topic 3 Question 33 Discussion

Alana, Meaghan, and Beatrice are equal shareholders of Advanced Tech Inc. They each own 100 shares of the company. Each share is currently worth $5,000. They recently signed a cross-purchase buy-sell agreement that is funded by life insurance. What will happen under this agreement if Alanadies today?
D) Alana's estate would receive a total of $500,000.
A) Meaghan and Beatrice would each still own 100 shares of the company.
B) There would now be 200 outstanding shares of the company.
C) Each share would now be worth $7,500.

IFSE Institute LLQP Exam - Topic 3 Question 33 Discussion

Actual exam question for IFSE Institute's LLQP exam
Question #: 33
Topic #: 3
[All LLQP Questions]

Alana, Meaghan, and Beatrice are equal shareholders of Advanced Tech Inc. They each own 100 shares of the company. Each share is currently worth $5,000. They recently signed a cross-purchase buy-sell agreement that is funded by life insurance. What will happen under this agreement if Alanadies today?

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Suggested Answer: D

by Johanna at Jul 21, 2026, 09:28 AM

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