Free IFSE Institute LLQP Exam Questions

Sasha is an employee at PranaTech. The company offers all employees a pension plan. PranaTechmust contribute into the plan, but employee contributions are not mandatory. Sasha chooses wherehis funds will be invested.

Ten years ago, Anastasia purchased a $125,000 10-year term renewable life insurance policy. Her insurance need has not changed, and she is still in good health. She asks her insurance agent Raphael what she should do. 

Paola, an employee at Horizon Pharmaceuticals, was recently diagnosed with depression. She isunable to work and is receiving tax-free disability insurance benefits due to her condition. Paola isdeeply indebted, and her creditors have been garnishing a portion of her pay for the last year. She is  worried about her creditors also garnishing her disability benefit.Can her disability benefits be seized by her creditors? 

Sergei meets with his insurance agent Nikita to purchase a $50,000 critical illness policy. Nikitaexplains that to apply for the policy Sergei would have to answer a series of personal questions abouthis finances, health, and lifestyle. Sergei is uncomfortable giving Nikita such detailed personalinformation. Nikita reassures Sergei by telling him that the insurer must follow stringent rules abouthow they can collect and handle this information. Which organization legislates privacy statutespertaining to insurance companies? 

Paola, an employee at Horizon Pharmaceuticals, was recently diagnosed with depression. She isunable to work and is receiving tax-free disability insurance benefits due to her condition. Paola isdeeply indebted, and her creditors have been garnishing a portion of her pay for the last year. She is  worried about her creditors also garnishing her disability benefit.Can her disability benefits be seized by her creditors?