Free CSI LLQP Exam Questions

Josh is an established advisor who specializes in group benefits. He recently hired Bryan as a marketing manager. Bryan will be responsible for advertising and creating a social media platform for Josh's company. Among other things, Bryan is developing a monthly electronic newsletter, which he plans to email to potential and existing clients. However, because this is a brand new initiative, none of the would-be recipients has subscribed to the newsletter or asked to receive any such communication from Josh's company. What law should Josh and Bryan be mindful of before sending their newsletter?

Dakota is the owner of Fresh Drapes, a home decoration company. She opened her business five years agowhen she quit her day job, took out loans, and put all her life savings into opening her store. Her business isdoing well, so she meets with Tanya, an insurance agent, to start investing for her retirement. Aftercompleting a thorough needs analysis, Tanya suggests that Dakota purchase segregated funds and name herhusband as the beneficiary of the funds.Which of the following offers the GREATEST benefit to Dakota by investing in segregated funds over othertypes of investments?

Eloise has critical illness coverage through her group insurance plan at work. She is 54 years old, in excellent health, and is planning to retire soon. She meets with Sonia, her insurance agent, to plan her retirement and to make sure she will still be covered in the event of critical illness. To make sure she is not a burden on her family, Eloise would also like to receive monthly benefits in the event she is placed in an assisted living facility. What should Sonia tell her?

Nathalie worked for 25 years as an administrative assistant at a manufacturing company. When she left the company 10 years ago, she transferred the money that she accumulated from the company’s pension plan into a locked-in retirement account (LIRA). Now she is 60 years of age and would like to withdraw the money from the LIRA. Under which of the following circumstances would Nathalie be allowed to withdraw her funds? 

Arianna, a healthy 61-year-old university professor, is retiring this year and wants to transfer the funds she accumulated in her registered retirement savings plan (RRSP) into an annuity. She is looking at different options and would like to know which of the following annuities will pay the highest monthly benefit.