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IFSE Institute LLQP Exam - 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.

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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

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Tamra
3 months ago
I thought the company decided that.
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Dorathy
3 months ago
Wait, is it really up to her?
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Letha
3 months ago
The employee usually designates the beneficiary.
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Mattie
4 months ago
Yup, she should have that control!
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Yoko
4 months ago
Definitely Ae-Cha's choice!
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Keneth
4 months ago
I’m pretty sure it’s the employee who designates the beneficiary, so I would go with Ae-Cha.
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Carla
4 months ago
I feel like it could be Devon since he’s the representative, but that doesn’t seem right.
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Jamie
5 months ago
I remember a practice question where the company had the right to change the beneficiary, but I’m not sure if that applies here.
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Merissa
5 months ago
I think the employee usually designates the beneficiary, so it might be Ae-Cha.
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Elfrieda
5 months ago
This question seems straightforward, but I want to make sure I'm not missing any important details. I'll re-read the question and think through the typical process for designating beneficiaries in a group insurance plan.
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Cyndy
5 months ago
I'm a bit confused by all the different parties involved - the employer, the insurance company, and the employee. I'll need to carefully consider the roles and responsibilities of each to figure out who has the authority to designate the beneficiary.
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Gladys
5 months ago
Okay, I've got this. Based on the information provided, the beneficiary is designated by the employee, Ae-Cha, not the employer or the insurance company. I'm confident that option B is the correct answer.
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Carole
5 months ago
Hmm, I'm a little unsure about this one. The question mentions both Premier Vibe Inc. and Sprout Life Insurance, so I'll need to think through how group insurance plans typically work to determine who designates the beneficiary.
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Dianne
6 months ago
This seems like a straightforward question about life insurance beneficiaries. I'll carefully read through the details and think about who would typically designate the beneficiary in a group insurance plan.
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Evan
11 months ago
If I were Ae-Cha, I'd make my pet hamster the beneficiary. Just to keep things interesting, you know?
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Alethea
10 months ago
C: If I were Ae-Cha, I'd make my pet hamster the beneficiary. Just to keep things interesting, you know?
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Ma
10 months ago
B: Premier Vibe Inc. is the one who designates the beneficiary.
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Nell
10 months ago
A: Who gets to choose the beneficiary for the life insurance?
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Micheline
11 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?
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Jannette
9 months ago
D: I think Sprout Life Insurance has a say in who the beneficiary is.
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Magda
10 months ago
C: Actually, Devon, the group insurance rep, is the one who designates the beneficiary.
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Daron
10 months ago
B: No, I believe Ae-Cha gets to choose the beneficiary.
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Frank
11 months ago
A: I think Premier Vibe Inc. designates the beneficiary.
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Mammie
11 months ago
Yeah, I agree. Ae-Cha should be able to choose who receives the life insurance payout.
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Berry
11 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.
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Dong
10 months ago
B: Yeah, it makes sense for the employee to have that control.
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Lawrence
11 months ago
A: I think Ae-Cha should be able to choose the beneficiary.
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Shanda
11 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.
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Brynn
12 months ago
I think it's usually the employee's responsibility to designate the beneficiary.
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Fletcher
12 months ago
Who gets to choose the beneficiary for the life insurance?
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