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
Evan
1 months ago
If I were Ae-Cha, I'd make my pet hamster the beneficiary. Just to keep things interesting, you know?
upvoted 0 times
Alethea
15 days ago
C: If I were Ae-Cha, I'd make my pet hamster the beneficiary. Just to keep things interesting, you know?
upvoted 0 times
...
Ma
16 days ago
B: Premier Vibe Inc. is the one who designates the beneficiary.
upvoted 0 times
...
Nell
21 days ago
A: Who gets to choose the beneficiary for the life insurance?
upvoted 0 times
...
...
Micheline
1 months ago
Hmm, I'm not so sure. Maybe Devon, the group insurance rep, has a say in this. He's the one who explained the plan to Ae-Cha, right?
upvoted 0 times
Magda
16 days ago
C: Actually, Devon, the group insurance rep, is the one who designates the beneficiary.
upvoted 0 times
...
Daron
21 days ago
B: No, I believe Ae-Cha gets to choose the beneficiary.
upvoted 0 times
...
Frank
26 days ago
A: I think Premier Vibe Inc. designates the beneficiary.
upvoted 0 times
...
...
Mammie
2 months ago
Yeah, I agree. Ae-Cha should be able to choose who receives the life insurance payout.
upvoted 0 times
...
Berry
2 months 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
Dong
19 days ago
B: Yeah, it makes sense for the employee to have that control.
upvoted 0 times
...
Lawrence
1 months ago
A: I think Ae-Cha should be able to choose the beneficiary.
upvoted 0 times
...
...
Shanda
2 months 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
2 months ago
I think it's usually the employee's responsibility to designate the beneficiary.
upvoted 0 times
...
Fletcher
2 months ago
Who gets to choose the beneficiary for the life insurance?
upvoted 0 times
...

Save Cancel