Free IFSE Institute LLQP Exam Questions

Arianna has been an insurance agent with Ideal Life for over 15 years, always working hard to grow her client base and keep her existing clients happy. Last week, she prepared an elaborate insurance plan for Raphael, a potential new client. But when they meet, Raphael tells her he wants a second opinion. Arianna tells him that she cannot allow him to show or discuss details of her work with a potential competitor. She explains it's wrong for another agent to benefit from her work and knowledge. Which of the following standards of conduct did Arianna contravene?a

Samira, a 42-year-old single mother of four, owns an individual disability insurance (DI) policy. Lastweek, she was hospitalized because of complications from diabetes. She hired an emergency nannyto care for her children until she was healthy enough to resume her normal activities. To her relief,Samira's DI policy contains a special rider that would cover up to $250 per day for these types ofexpenses.What is the name of the rider contained in Samira's policy? 

Caleb meets with Miles, his insurance agent, to invest for his retirement. Caleb tells Miles that he will not need his funds for the next 25 years, he is comfortable with market fluctuations, and he would like a fund that mimics the S&P/TSX Composite index. Which of the following funds will best suit Caleb's needs? 

Dominic suffers a heart attack on October 1 and dies a little over a month later, on November 7. Atthe time of his death, he owned a $150,000 critical illness (CI) insurance policy, purchased 10 yearsearlier. Dominic never failed to pay the $100 monthly premium. When he died, the insurer had notyet issued the benefit payment.How will the CI benefit be treated? 

(Justin purchased a single life annuity contract with no guaranteed period and no survivor benefit. He is now hospitalized. If Justin passes away, who could make a claim on behalf of his estate regarding the annuity?)