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 Exam LLQP Topic 4 Question 14 Discussion

Actual exam question for IFSE Institute's LLQP exam
Question #: 14
Topic #: 4
[All LLQP Questions]

Ae-Cha starts working for the manufacturer, Premier Vibe Inc., a company that offers its employees group insurance with Sprout Life Insurance. Ae-Cha meets with Devon, the group insurance representative, and learns that her group plan includes $75,000 of life insurance coverage. Ae-Cha would like to know who designates the beneficiary on the life insurance.

Show Suggested Answer Hide Answer
Suggested Answer: B

In group life insurance plans, the employee (insured individual) is typically responsible for designating their own beneficiary. Although Premier Vibe Inc. sponsors the group plan, it is Ae-Cha, as the policyholder, who has the right to choose her beneficiary for the life insurance coverage provided under the plan. The employer or the insurer does not decide the beneficiary; this decision remains solely with the insured employee.


by Inocencia at Apr 04, 2025, 06:27 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel
Mammie
22 hours ago
Yeah, I agree. Ae-Cha should be able to choose who receives the life insurance payout.
upvoted 0 times
...
Berry
3 days ago
I'm going with option B. The employee, Ae-Cha, should have the power to designate the beneficiary. That's just common sense.
upvoted 0 times
...
Shanda
4 days ago
Well, I'd say Ae-Cha is the one who gets to choose the beneficiary. It's her life insurance policy, after all.
upvoted 0 times
...
Brynn
8 days ago
I think it's usually the employee's responsibility to designate the beneficiary.
upvoted 0 times
...
Fletcher
13 days ago
Who gets to choose the beneficiary for the life insurance?
upvoted 0 times
...

Save Cancel