[2026] IFSE Institute Life License Qualification Program (LLQP)

문제1

Naomie meets with her new client, Keisha, to review her investment portfolio. Keisha is a 43-year-old sales representative who has been with Belmont Inc., a large pharmaceutical company, for 15 years. She earns a generous salary, plus bonuses. She also has a group tax-free savings account (TFSA) and a defined contribution pension plan (DCPP), all of which are invested in Belmont common shares.
What main need does Naomie have to address regarding Keisha's investments?

A. Diversification.

B. Saving for an emergency fund.

C. Income.

D. Liquidity.

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제2

Chloe is a newly licensed financial security adviser. She is diligently learning about the profession and wants to do her job properly. She wonders when she is required to renew her certificate.
Which of the following answers is CORRECT?

A. Within 45 days following its expiry date.

B. Before it expires.

C. If and when her personal situation changes.

D. Within 15 days following its expiry date.

정답: B

설명: (Fast2test 회원만 볼 수 있음)

문제3

(Helmut, a Canadian resident for 10 years, invests $25,000 in a segregated fund within an RRSP. The agent processes the transaction without asking for proof of identity.
According to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), what is the conclusion about the agent's action?)

A. He has violated the identification requirements because the agent previously completed just one transaction for Helmut.

B. He has not violated the identification requirements because the amount was deposited in a registered account.

C. He has violated the identification requirements because the amount of the transaction is more than
$10,000.

D. He has not violated the identification requirements because the amount is less than $100,000.

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제4

Janice meets with Patrick, an insurance agent, to review her investment needs. Patrick suggests that she invest in segregated funds. Janice is not familiar with these types of funds.
What information can Patrick provide to Janice to help her understand the advantages of segregated funds?

A. They guarantee protection from creditors.

B. They require medical underwriting.

C. They can be withdrawn anytime.

D. They are fully protected by Assuris.

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제5

Hussein wants to purchase a segregated fund. He has been following the news and believes the pharmaceutical sector will take off soon, and he wants to purchase a fund that will capitalize on his market view. He understands market fluctuations and is comfortable with the level of risk involved because he would only need to access these funds in 20 years.
Which of the following would be the most appropriate fund for Hussein?

A. Specialty fund

B. Target date fund

C. Balanced fund

D. Bond fund

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제6

Laekyn purchased an individual disability insurance policy 3 years ago from Awah, her insurance agent.
Today, Awah receives a call from Laekyn, who says she is hospitalized following a suicide attempt. Laekyn says her doctor diagnosed her with bipolar disorder and expects she will be able to return to work in 3 months.
Will Awah be able to help Laekyn receive disability benefits?

A. Yes, because Laekyn contacted her as soon as she received her diagnosis.

B. No, because she is disabled due to a suicide attempt.

C. Yes, because the event occurred more than 2 years after the policy was purchased.

D. No, because the minimum waiting period on an individual disability policy is 90 days.

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제7

(Ted purchased an IVIC 10 years ago. His original deposit was $10,000. The current market value is
$15,500 at maturity.
What will the new maturity guarantee be?)

A. $11,625, and the new maturity date will depend on Ted's age.

B. $15,500, and the new maturity date will depend on Ted's age.

C. $10,000, with the new maturity date set 10 years from now.

D. $12,000, with the new maturity date set 10 years from now.

정답: B

설명: (Fast2test 회원만 볼 수 있음)

문제8

Cecilia, a licensed life insurance agent, delivers a life insurance policy to her client Tony, a newly landed immigrant. Tony would like to pay the policy using the pre-authorized monthly payment method. However, he does not have a bank account in Canada yet and doubts he could find the time to open one in the next few days. Cecilia offers to open a savings account for him, but Tony is unsure whether she is licensed to do that.
What should Cecilia tell Tony to reassure him that she can open a savings account on his behalf?

A. That licensed life insurance agents are authorized to sell bank products.

B. That she can open a savings account for him with no additional license so long as the initial deposit is less than $100,000.

C. That no license is required to act as a deposit broker.

D. That she can open a savings account for him with no additional license because she delivered the life insurance policy to him beforehand.

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제9

A few months ago, Urmish filed a complaint to the Autorite des marches financiers (AMF) about the services he received from his insurance agent, Jaba. The complaint was heard by the discipline committee, and Jaba was found guilty and ordered to pay a $10,000 fine. Jaba is upset and does not agree with the verdict. She would like to appeal the verdict.
Which of the following statements is CORRECT?

A. A decision made by the discipline committee cannot be appealed.

B. A decision made by the discipline committee may be appealed to the AMF.

C. A decision made by the discipline committee may be appealed to the Chambre de la securite financiere (CSF).

D. A decision made by the discipline committee may be appealed to the Court of Quebec.

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제10

Over the years, Agnes, a disciplined investor with a modest income, was able to save over $140,000 in an accumulation annuity. She plans on using the funds in a few years to travel the world and enjoy life while she is still healthy.
Which of the following statements about her annuity is TRUE?

A. A market value adjustment will be charged by the insurer each time she withdraws her funds.

B. An accumulation annuity is not flexible.

C. A surrender can only be made at specific times.

D. The annuity permits both withdrawals, subject to minimum and maximum amounts, and surrender.

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제11

Juniper, 69, suffered a stroke a few weeks ago which left her partially paralyzed and has severely reduced her mobility. Since the stroke, she is unable to leave her home. She benefits from regular visits from nurses, massage therapists, and housekeepers. Juniper wants to claim the services on her long-term care (LTC) insurance policy and would like to know how the claim will be processed and paid.
Which of the following answers is CORRECT?

A. Juniper will have to pay for all of the services first and then submit the receipts for all qualifying expenses to her insurer for reimbursement under the home care clause of her LTC policy.

B. The insurer will pay for all of the services directly.

C. Juniper will have to pay for all the services, but she could only claim for reimbursement of the costs of the nursing care, under the home care clause of her LTC policy.

D. The insurer will pay the nurse and the massage therapist directly and Juniper will have to pay the housekeeper out of pocket.

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제12

Insurance of persons advisor Somalia is careful to comply with the standards and regulations when she meets with potential clients. Under no circumstances would she want them to feel aggrieved or not respected. She makes sure to know their rights. Which legislation does Somalia not have to worry about?

A. An Act respecting the distribution of financial products and services (Distribution Act)

B. An Act respecting the protection of personal information in the private sector (APPIPS)

C. The Quebec Charter of Human Rights and Freedoms

D. The Insurers Act and the Regulation under the Act respecting insurance

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제13

Lily works for Cloud 9 Inc. She earned $120,000 in Year 1 and $125,000 in Year 2. Lily contributes 5% of her income into a defined contribution pension plan (DCPP), and this contribution is matched by the employer. Lily has unused contribution room of $15,000 and wants to know how much she can contribute to her registered retirement savings plan (RRSP) in Year 2.

A. $30,600

B. $25,000

C. $24,600

D. $31,250

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제14

Surjit and Rajbir got married in 2010, and Surjit named Rajbir as the irrevocable beneficiary of his life insurance contract. In 2017, the couple divorced amicably, and Surjit met with his insurance representative, Ivan, to review his plans. Surjit tells Ivan that he would like to keep Rajbir as his beneficiary.
What should Ivan counsel his client to do?

A. Surjit should once again designate Rajbir as the beneficiary.

B. Surjit does not need to do anything as Rajbir is already the named beneficiary.

C. Surjit cannot make any changes to the policy without Rajbir's consent, as she is the irrevocable beneficiary of his policy.

D. Surjit should name a different beneficiary now that he is divorced.

정답: B

설명: (Fast2test 회원만 볼 수 있음)

문제15

Jeremy, aged 35 and Emily, aged 40, are common law spouses and have 3 children, Jack, Maddie, and Grace.
They are reviewing their life insurance coverage with Mark, a local life insurance agent, to ensure they have adequate coverage. Currently, Jeremy and Emily both have term life insurance in the amount of $200,000.
Jeremy recently inherited a family cottage valued at $400,000 (ACB of $200,000), which him and Emily hope to pass on to their children one day. Mark informs Jeremy & Emily of the potential tax liability of passing the cottage to their children and advises them that they should consider purchasing additional life insurance.
How much life insurance should they purchase to cover the future tax liability of the children taking into account a tax rate of 50%?

A. $200,000

B. $50,000

C. $400,000

D. $100,000

정답: D

설명: (Fast2test 회원만 볼 수 있음)

IFSE Institute Life License Qualification Program (LLQP) - LLQP무료 덤프문제 풀어보기

우리와 연락하기

유용한 링크

최신 업데이트