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IFSE Institute LLQP Exam Questions

Exam Name: IFSE Institute Life License Qualification Program (LLQP) Exam
Exam Code: LLQP
Related Certification(s): IFSE Institute Life License Qualification Program Certification
Certification Provider: IFSE Institute
Actual Exam Duration: 75 minutes per module Minutes
Number of LLQP practice questions in our database: 298 (updated: Sep. 01, 2026)
Expected LLQP Exam Topics, as suggested by IFSE Institute :
  • Topic 1: Life Insurance: This section assesses the expertise of insurance professionals, including financial advisors and life insurance agents, in understanding the financial impact of death. It explains how life insurance helps address those financial needs and introduces various life insurance products, along with their features and benefits.
  • Topic 2: Accident and Sickness Insurance: Aimed at insurance professionals offering individual and group health insurance, this section emphasizes the importance of financial protection in the case of serious illness or injury.
  • Topic 3: Segregated Funds and Annuities: Targeted at investment advisors and financial planners, this section evaluates their understanding of saving and investment strategies, which are essential for retirement and financial planning.
  • Topic 4: Ethics and Professional Practice: This part of the exam focuses on the legal and ethical responsibilities of life insurance professionals. It outlines the legal framework for life insurance in common law provinces and territories and stresses the importance of maintaining professionalism.
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Rebecca Walker

5 days ago
Ethics and professional practice were almost entirely scenario-based, testing suitability, disclosure obligations, and conflict resolution where you must pick the most client-centered action. I passed by memorizing the code elements and practicing judgment-style questions so I could quickly identify the most ethical and compliant response under pressure.
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Dorothy Thompson

7 days ago
Segregated funds and annuities questions tested fine print like guarantees, beneficiary designations, and creditor protection. I focused on understanding why each feature mattered instead of memorizing, and I managed to pass the IFSE LLQP.
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Betty Parker

1 month ago
Annuities showed up as tax treatment and payout structure questions, for example asking how immediate fixed versus deferred variable annuity payments are taxed and which phase triggers taxable income. I passed after working through multiple payout examples and recommend mastering the taxation rules and the distinction between accumulation and payment phases.
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Timothy Brown

1 month ago
Accident and sickness sections were manageable until the disability definitions and waiting periods showed up in scenarios. I drilled those terms with short daily quizzes and it paid off on exam day, I passed.
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Frank Flores

2 months ago
Segregated funds questions tended to be comparison items about maturity and death guarantees, reset provisions, and creditor protection, asking which feature applies in specific client situations. I passed by concentrating on contract guarantees and the practical differences between segregated funds and mutual funds, so review guarantee mechanics and beneficiary implications.
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Anthony Lee

2 months ago
Life insurance needs analysis and policy provisions were the trickiest for me, especially when details were similar between products. Building a quick comparison sheet during review made the differences stick and I passed the LLQP.
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Emily Jackson

3 months ago
Accident and sickness topics often appeared as calculation problems requiring you to apply elimination periods and benefit periods to determine claim payouts under different scenarios. A friend of mine passed by focusing on step-by-step practice problems, so study the definitions and work many timed calculations to avoid mixing waiting periods with benefit durations.
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Carol Evans

3 months ago
The IFSE LLQP exam felt most time pressured in the case based questions, so I practiced answering in my own words and kept moving when I got stuck. That pacing strategy helped me pass on my first attempt.
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Stephen Flores

4 months ago
Life insurance policy provisions were the toughest for me because the exam used scenario questions asking which clause applied in nuanced fact patterns, such as contestability versus suicide or incontestability. I passed the LLQP after drilling practice questions and want to thank Pass4Success for providing a good collection of exam questions that let me practice those timing-based scenarios in a short time.
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Stephen Wright

5 months ago
Participating versus non-participating policy questions confused me because the wording about dividends was very subtle on the exam and I had to read each scenario twice. Practicing scenario-based questions helped me notice the usual clue words.
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Ashley Cook

4 months ago
Interestingly the annuity calculation questions used assumptions that weren't obvious so always double-check what interest rate and payment frequency they actually state.
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Betty Campbell

4 months ago
I studied IFSE Institute practice cases and that made recognizing dividend options and contract clauses much faster for me.
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Christopher Bailey

4 months ago
Another tricky area was the ethics vignettes where a tiny change in stakeholder relationships completely flipped the best course of action.
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Justin Wright

4 months ago
Sometimes segregated fund questions hide contract guarantees in long stems, making them feel like mutual fund comparisons until you spot the policy feature.
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Kimberly Miller

4 months ago
When tackling accident and sickness scenarios I learned to slow down on elimination period versus benefit period language since those timeframes are where marks get lost.
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Hyman

5 months ago
I struggled with the investment risk and policyholder’s rights questions; the practice tests broke down the scenarios step by step, and Pass4Success practice prepared you for the common trap options.
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Nohemi

5 months ago
The hardest part for me was the PKR and living benefits questions—those tricky wordings almost trip me up, but Pass4Success practice exams clarified the definitions and helped me spot the subtle cues.
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Antonio

6 months ago
Passing the LLQP was a huge relief, and Pass4Success was a big part of it. Tip: Develop a study routine that works for your learning style.
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Theodora

6 months ago
The LLQP exam is now behind me, and the Pass4Success practice questions were a big part of my preparation. One question that puzzled me was about the ethical considerations in client interactions, specifically regarding informed consent. I hesitated but managed to pass.
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Lenora

6 months ago
Aced the exam thanks to Pass4Success! There were questions on claims processes. Know the steps involved and required documentation for filing a claim.
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Alaine

6 months ago
Pass4Success practice exams were a lifesaver for the LLQP. Tip: Identify and address your knowledge gaps early on.
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Karina

7 months ago
Nailed the LLQP, thanks to Pass4Success! Tip: Practice active recall to solidify your knowledge.
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Pamella

7 months ago
I recently passed the LLQP exam, and the practice questions from Pass4Success were crucial. A question that caught me off guard was about the tax implications of annuities, specifically the difference between registered and non-registered annuities. I wasn't entirely confident in my answer, but I passed nonetheless.
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Justine

7 months ago
My hands shook the night before, yet pass4success gave me structured practice and real exam feel, turning fear into focus—you've got this, future test-takers, you can do it.
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Caitlin

7 months ago
Passing the LLQP was no easy feat, but pass4success helped me get there. Tip: Don't neglect your mental well-being during the prep process.
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Alesia

8 months ago
Having cleared the LLQP exam, I must say the Pass4Success practice questions were a great help. There was a question about the benefits of accident and sickness insurance, particularly the rehabilitation benefits, which left me uncertain. However, I still managed to pass.
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Joanne

8 months ago
Pass4Success practice exams were my secret weapon for the LLQP. Tip: Stay calm and confident during the test - you've got this!
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Theodora

8 months ago
Just got through the LLQP! Be prepared for questions on insurance for business owners. Understand key-person insurance and buy-sell agreements.
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Josefa

8 months ago
I passed the LLQP exam, and the practice questions from Pass4Success were invaluable. One question that I struggled with was about the ethical responsibilities of an insurance advisor, specifically regarding suitability of products. I wasn't sure of my response, but I managed to pass.
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Scarlet

9 months ago
The LLQP exam included questions on policy lapse and reinstatement. Know the rules and procedures for each.
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Barrett

9 months ago
The LLQP exam is now behind me, and the practice questions from Pass4Success were a key resource. A question that I found difficult involved the differences between term life insurance and whole life insurance, particularly in terms of cash value accumulation. I was uncertain, but I still passed.
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Vanda

9 months ago
I was rattled on exam day, but Pass4Success broke down the material into manageable steps and boosted my confidence; to anyone still preparing, trust the process and keep pushing forward.
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Jesusita

9 months ago
Whew, I finally passed the LLQP! pass4success practice tests were crucial. Tip: Revise your weak areas thoroughly before the exam.
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Nieves

10 months ago
Aced the LLQP, thanks to Pass4Success! Tip: Focus on understanding the core concepts, not just memorizing facts.
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Man

10 months ago
Having passed the LLQP exam, I can say that the Pass4Success practice questions were instrumental. One question that stumped me was about the guarantees provided by segregated funds, especially concerning the reset option. I wasn't completely sure of my answer, but I passed nonetheless.
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Cassi

10 months ago
Passing the LLQP? Pass4Success practice exams were a game-changer for me. Tip: Manage your time wisely, and don't get bogged down on any one section.
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Tyisha

10 months ago
Passed the exam! There were several questions on estate planning with life insurance. Understand how policies can be used in estate preservation and liquidity.
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Carline

11 months ago
I successfully passed the LLQP exam, thanks to the Pass4Success practice questions. A challenging question involved the coverage specifics of accident and sickness insurance, particularly the coordination of benefits. I was unsure but still managed to get through.
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Naomi

11 months ago
The LLQP exam is now behind me, and the Pass4Success practice questions were a big part of my preparation. One question that puzzled me was about the ethical considerations in insurance sales, specifically regarding full disclosure. I hesitated but managed to pass.
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Johnson

11 months ago
Thanks to Pass4Success for the exam prep! Be ready for questions on insurance regulation. Know the key regulatory bodies and their roles.
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Rory

11 months ago
I recently passed the LLQP exam, and the practice questions from Pass4Success were crucial. A question that caught me off guard was about the tax treatment of life insurance policy dividends. I wasn't entirely confident in my answer, but I passed nonetheless.
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Leslie

12 months ago
LLQP exam? Nailed it! Pass4Success's practice questions were game-changers. Grateful for the time-efficient prep.
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Lawana

12 months ago
Having cleared the LLQP exam, I must say the Pass4Success practice questions were a great help. There was a question about the benefits of segregated funds, particularly the death benefit guarantee, which left me uncertain. However, I still managed to pass.
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Stephen

12 months ago
Just aced the LLQP! There were tricky questions on policy illustrations. Understand how to interpret them and their limitations.
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Yong

1 year ago
I passed the LLQP exam, and the practice questions from Pass4Success were invaluable. One question that I struggled with was about the waiting periods in accident and sickness insurance policies. I was unsure of the exact duration, but I still succeeded.
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Nettie

1 year ago
The exam had questions on insurable interest. Know who has it and how it affects policy ownership.
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Nickolas

1 year ago
Just got LLQP certified! Pass4Success's relevant questions made studying a breeze. Thank you for the efficient resource!
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Yuonne

1 year ago
Passed the LLQP! Thanks Pass4Success for the great prep. The exam tested on long-term care insurance. Understand the types of care covered and benefit triggers.
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Tamra

1 year ago
LLQP exam success! Pass4Success's materials were crucial for my quick preparation. Highly appreciate the help!
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Aleta

1 year ago
Be prepared for questions on critical illness insurance. Know the covered conditions and how benefits are paid out.
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Stephaine

1 year ago
Just got through the LLQP! The exam had several questions on policy replacement. Understand the rules and ethical considerations involved.
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Garry

1 year ago
Passed the LLQP exam with flying colors! Pass4Success's practice questions were spot-on. Thanks for the time-saver!
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Geoffrey

1 year ago
Passed thanks to Pass4Success! There were questions on insurance fraud. Know common types of fraud and prevention measures.
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Hillary

1 year ago
LLQP certification achieved! Pass4Success's relevant questions made all the difference. Grateful for the efficient prep.
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Dylan

1 year ago
The exam included questions on segregated funds. Understand their features and how they differ from mutual funds.
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Chan

1 year ago
Aced the LLQP! Be ready for questions on policy loans. Know how they work and their impact on cash values and death benefits.
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Beatriz

1 year ago
Successfully completed LLQP! Pass4Success practice questions were invaluable. Thank you for the focused study material.
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Desmond

1 year ago
Thanks Pass4Success for the comprehensive materials! The exam had several questions on underwriting processes. Understand how medical and lifestyle factors affect risk assessment.
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Jannette

2 years ago
Just passed! There were tricky questions on beneficiary designations. Know the rules for revocable vs. irrevocable beneficiaries.
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Annita

2 years ago
LLQP exam conquered! Pass4Success provided exactly what I needed for quick and effective preparation.
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Shannan

2 years ago
The exam tested on insurance company solvency. Understand key financial ratios and what they indicate about an insurer's health.
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Isidra

2 years ago
Passed the LLQP thanks to Pass4Success! Be prepared for questions on policy riders. Know common riders and their purposes.
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Mila

2 years ago
Passed LLQP on my first try! Pass4Success questions were key to my success. Thanks for the time-saving resource!
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Marge

2 years ago
The exam included case studies on needs analysis. Practice calculating insurance needs based on client scenarios.
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Garry

2 years ago
The LLQP exam is now behind me, and the Pass4Success practice questions were a key resource. A question that I found challenging involved the ethical responsibilities of an insurance advisor, specifically regarding confidentiality. I wasn't sure of my response, but I managed to pass.
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Rocco

2 years ago
Just aced the LLQP! There were several questions on group insurance. Understand the differences between group and individual policies.
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Pedro

2 years ago
LLQP certified! Pass4Success made it possible with their relevant practice exams. Couldn't have done it without them.
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Alonzo

2 years ago
Thanks Pass4Success for the prep materials! The exam had questions on tax implications of different insurance products. Know your tax-free vs. taxable benefits.
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Jackie

2 years ago
Having passed the LLQP exam, I can attest to the usefulness of Pass4Success practice questions. A question that I found difficult was about the differences between universal life insurance and whole life insurance, particularly in terms of premium flexibility. I was uncertain, but I still passed.
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Therese

2 years ago
The exam tested heavily on annuity products. Make sure you understand the differences between fixed, variable, and indexed annuities.
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Dortha

2 years ago
Aced the LLQP! Pass4Success questions were incredibly similar to the real thing. Grateful for the efficient study aid.
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Hayley

2 years ago
I successfully passed the LLQP exam, thanks in part to the Pass4Success practice questions. One question that stumped me was about the guarantees provided by segregated funds, especially concerning the maturity guarantee. I wasn't completely sure of my answer, but I passed nonetheless.
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Colby

2 years ago
Passed the LLQP! The ethics section was challenging. Study up on conflict of interest scenarios and disclosure requirements.
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Nelida

2 years ago
Passing the LLQP exam was a relief, and the practice questions from Pass4Success were a big part of my success. A challenging question involved the coverage specifics of accident and sickness insurance, particularly the exclusions for pre-existing conditions. I was unsure but still managed to get through.
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Rory

2 years ago
Disability insurance was a big focus on my exam. Know the various definitions of disability and how they affect claim eligibility.
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Katina

2 years ago
LLQP exam done and dusted! Pass4Success materials were a lifesaver. Highly recommend for quick prep.
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Reta

2 years ago
The LLQP exam is behind me now, and I owe a lot to the Pass4Success practice questions. One question that puzzled me was related to the ethical considerations when advising clients on insurance products. It asked about the importance of disclosing all potential conflicts of interest. I hesitated but managed to pass regardless.
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Lai

2 years ago
Thanks to Pass4Success for their great practice questions! The exam had several calculations on policy dividends. Brush up on your math skills for those.
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Leonora

2 years ago
I recently cleared the LLQP exam, and the practice questions from Pass4Success were a great help. There was a tricky question on the exam about the various types of life insurance policies, specifically asking about the benefits of whole life insurance over term life. I wasn't entirely confident in my answer, but it all worked out in the end.
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Lino

2 years ago
Just passed the LLQP exam! Those questions on life insurance policy types were tricky. Make sure you understand the differences between term, whole life, and universal policies.
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Kiley

2 years ago
Just passed the LLQP exam! Thanks Pass4Success for the spot-on practice questions. Saved me so much time!
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Inocencia

2 years ago
Having just passed the LLQP exam, I can say that the Pass4Success practice questions were instrumental in my preparation. One question that caught me off guard was about the differences between deferred and immediate annuities. I was unsure about the tax implications of each, but thankfully, I managed to pass.
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Free IFSE Institute LLQP Exam Actual Questions

Note: Premium Questions for LLQP were last updated On Sep. 01, 2026 (see below)

Question #1

(Joe and Joy, both aged 65, have $280,000 in savings and a $200,000 joint first-to-die life insurance policy. They want to buy an annuity to provide steady income in retirement.

What type of annuity would best suit their needs?)

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Correct Answer: B

Question #2

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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Correct Answer: D

Question #3

Marc, age 35, is a self-employed electrician. His annual income is approximately $60,000. His spouse Veronique works part-time and earns an annual income of $15,000. Marc and Veronique are parents of two young children. Their monthly financial obligations with regard to rent, car, clothing, and food amount to $3,000. What accident and sickness insurance protection do Marc and Veronique primarily need?

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Correct Answer: A

Question #4

Kerry is 52 years old and he is purchasing additional coverage on his individual disability income insurance policy using a future purchase option. His income has increased about 35% since he took out the policy four years ago. What is Kerry guaranteed to receive as a result of the rider?

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Correct Answer: C

Question #5

Mercedes is a single mother to her 5-year-old son Arthur. Arthur's father Richard is not in his son's life because he is a recovering drug dealer who spent the last 4 years in and out of prison. Mercedes has full custody of Arthur and cannot count on help from her family because they live in another province.

Wanting to ensure his well-being, in the event of her death, Mercedes purchases a $100,000 life insurance policy and names Arthur the sole beneficiary of the policy.

If she died without a will who would receive the death benefit?

Reveal Solution Hide Solution
Correct Answer: A

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