Decide Fast & Get 50% Flat Discount on This Summer Discount Offer | Limited Time Offer - Ends In COUPON CODE: Summer50

Sign In Register
0

LLQP Practice Questions

Life License Qualification Program (LLQP) Exam Practice Test


Total 30 Pages
Total 150 Questions

LLQP Practice Questions

Question# 1

Harold is a 66 - year - old retired school bus mechanic. He receives $900 a month from his defined benefit pension plan (DBPP). His husband Karl is also retired and receives his own pension benefit. Harold would like to know the minimum monthly pension benefit from his DBPP that Karl will receive upon Harold's death.
Choose the Choices:


Question# 2

Jasper is the sole breadwinner in his family. His wife Stephanie has chosen to dedicate all of her time to raising their 3 young children. Luckily, Jasper earns a monthly after - tax income of $25,000 working as a family doctor in the local clinic. Jasper meets with his insurance agent Odda to purchase a life insurance policy that will ensure his family will be able to continue to enjoy their current lifestyle in the event of his death. If his average tax rate is 40% and the investment return is 4%, how much life insurance should Jasper purchase based on the income replacement approach?
Choose the Choices:


Question# 3

Jasper owns TeleVida, a successful production company with over 50 employees. He wants to expand the company by opening an office in another province. Jasper needs to take out a $500,000 20 - year loan to make this expansion happen. However, he wants to make sure that if he dies while there’s an outstanding balance on the loan, the balance will be paid in full by the insurance company.
Choose the Choices:


Question# 4

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 Alana dies today?
Choose the Choices:


Question# 5

Goran and Tanja married two years ago. Last year, they purchased and moved into a three - bedroom house in the suburbs. The current balance on their mortgage is $655,000. They meet with Ljubomir, an insurance agent, to purchase a joint term life insurance policy to cover the mortgage. When Ljubomir asks about their existing coverage, Goran shares that he has none. Tanja explains that she owns a universal life (UL) policy with a level death benefit of $50,000 and a cash surrender value (CSV) of $5,000, purchased 6 years ago from another agent. Tanja would like to surrender her UL policy and use the $5,000 CSV to pay for a trip to Europe. What additional information about Tanja's UL policy does Ljubomir need to collect?
Choose the Choices:


Note:

Free Questions are not enough! Buy premium files.

If you face any error in this Life License Qualification Program (LLQP) Exam questions or answers, get in touch with us via email:

support@exams4success.com
OUR SATISFIED CUSTOMER REVIEWS
KA
Karen C. Mejia
You have been doing an excellent job. I just used your LLQP exam dumps and passed my examination without any trouble. Thank you for your wonderful services.
WI
William Watson
I passed my LLQP exam and got certified. I just got 93% and I can’t believe it. The experts at Exams4success have been doing a great job.
ET
Ethan Cuellar
Passing LLQP certification exam was a dream for me and I have finally achieved that. I am extremely thankful to Exams4success for providing such great ways to pass LLQP exam.
RO
Rosa
Thank you team Exams4success for the amazing exam dumps pdf files. Prepared me so well and I was able to get 92% marks in the LLQP certification exam.
DA
David
Awesome exam dumps for the LLQP certification exam. I suggest Exams4success to everyone to take a look at these to prepare. Tried myself and scored excellent marks.
LO
Lorri McCartney
That was my final attempt because I have been attempting for this specific certification. Thanks to guys behind ExamsAway. I stumbled upon their practice material this time and I have finally passed my exam.
ST
Stefani Keller
I have finally passed LLQP certification exam and the big thanks to the people behind Exams4success. They have helped me with LLQP mock test which is excellent and high-quality preparation material. Great Job.
JO
John Beasley
I am extremely happy right now with the LLQP exam results. I just passed my LLQP exam using your mock tests and I am very thankful to you guys.
KR
Kristen Pfeiffer
Passing this certification exam was a dream for me and I have finally achieved that. I am extremely thankful to Exams4success for providing such great ways to pass the exam.
JO
Jo Cherry
That was my final attempt for Life License Qualification Program (LLQP) exam because I have been attempting for LLQP certification exam. Thanks to guys behind Exams4success. I stumbled upon their LLQP practice material this time and I have finally passed my exam.
ST
Steven
I just love Exams4success exam Study Guide for LLQP certification exam. It is simple, trouble-free and comprehensible without any help. During your exam preparation, you’ll feel as the material has been written especially for you. I qualified LLQP exam with dazzling scores. I recommend it to you with full confidence!
SA
Sandra Lucas
Getting certified was my dream since I stepped in a professional world. Exams4success has helped me succeed and I am very thankful to the team behind this. You guys are doing excellent work. Keep it up!
JE
Jerry Pridgen
I can’t believe I am a LLQP certified now. Exams4success definitely deserves the credit for this and I am very thankful to the LLQP experts who are providing such great LLQP practice material.
JO
John C. Prince
I have finally passed my certification exam and the big thanks to the people behind Exams4success. They have helped me with their excellent and high-quality preparation material. Great Job.

Related Exams Questions

LLQP

Life License Qualification Program (LLQP)

SEE DETAIL 150 Questions