Free IFSE Institute LLQP Exam Dumps Questions & Answers

(Vanessa, a grandmother, wants to set up a savings account for her six-month-old granddaughter Brienne's future education, making a lump sum and regular contributions.
Which account is best suited?)

• A.  An RRSP in Brienne's name
• B.  An RESP with Brienne as beneficiary
• C.  A TFSA in Tanya's name
• D.  A TFSA in Vanessa's name

Alec is sure he sent his insurer his annual life insurance premium payment. The insurer did not receive it, however. The insurer then sent Alec a notice of non-payment of premiums, but Alec had moved in the meantime. Therefore, he never got the notice, even though he had emailed hisfinancial security advisor, Olivier, to inform him of his change of address. Unfortunately, Olivier was on a leave of absence and no one else in the firm took over the file. As a result, the policy lapsed. Alec sent Olivier's firm several emails to complain, but no one responded. Which organization can Alec turn to?

• A.  The Canadian Life and Health Insurance Association
• B.  The Autorite des marches financiers
• C.  Assuris
• D.  The Chambre de la securite financiere

Last week, at a dinner party, Dario, an insurance agent, met Andrew, a successful businessperson with a net worth of over $10 million. Dario spent the evening following Andrew around, telling him how he could help him manage his finances. The day after the meeting, Dario sent a fruit basket to Andrew's office. Every day since, Dario has been calling and urging Andrew to meet with him and take advantage of his services and insurance products.
Which duties and obligations did Dario break?

• A.  Duties and obligations towards clients
• B.  Duties and obligations towards the profession
• C.  Duties and obligations towards the public
• D.  Duties and obligations towards other representatives, firms, independent partnerships, insurers and financial institutions

Xavier meets and fills out an application form with Jose, an insurance representative, because he would like to purchase a critical illness insurance policy. When Jose asks Xavier about his alcohol consumption, Xavier admits he regularly drinks 10 beers a day.
What is the next step in the application process?

• A.  Xavier will have to fill out a questionnaire detailing his alcohol consumption.
• B.  The insurance company will accept the application with an exclusion for alcohol consumption.
• C.  Jose should refuse the request.
• D.  The insurance company will automatically refuse the application.

Arthur is a 79-year-old long-term care (LTC) policyholder whose daughter, Sheila, visits daily to help him get dressed and prepare meals. Sheila wants him to enter a nursing home because he isunable to dress himself.
Though he cannot prepare his own meals, he can still feed himself, and once undressed, he can wash himself, seated in the bathtub.
Is Arthur eligible to receive LTC benefits?

• A.  No, because except for dressing himself, Arthur can perform all the other activities of daily living.
• B.  Yes, Arthur is eligible because he cannot dress himself or prepare his own meals.
• C.  Yes, Arthur is eligible because he is unable to dress himself and he must sit in the bathtub to wash himself.
• D.  No, Arthur is not eligible because even though he cannot prepare his own meals, he is able to feed himself.