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Sharpen Your Knowledge with IFSE Institute (Life License Qualification Program (LLQP)) Certification Sample Questions
CertsTime has provided you with a sample question set to elevate your knowledge about the IFSE Institute Life License Qualification Program (LLQP) exam. With these updated sample questions, you can become quite familiar with the difficulty level and format of the real Life License Qualification Program (LLQP) certification test. Try our sample IFSE Institute Life License Qualification Program (LLQP) certification practice exam to get a feel for the real exam environment. Our sample practice exam gives you a sense of reality and an idea of the questions on the actual IFSE Institute Life License Qualification Program certification exam.
Our sample questions are similar to the Real IFSE Institute Life License Qualification Program (LLQP) exam questions. The premium IFSE Institute Life License Qualification Program (LLQP) certification practice exam gives you a golden opportunity to evaluate and strengthen your preparation with real-time scenario-based questions. Plus, by practicing real-time scenario-based questions, you will run into a variety of challenges that will push you to enhance your knowledge and skills.
IFSE Institute Life License Qualification Program (LLQP) Sample Questions:
Sebastian is a 44-year-old sales representative employed at Premier Aqu
a. He wants to take a year off to travel and relax. He has worked for the company for 25 years and accumulated $230,000 in a deferred profit sharing plan (DPSP). He would like to know if he can use some of the funds in his DPSP to fund his sabbatical.
Aadi is retiring from Scotia Grand, his employer of 25 years. While employed, Aadi benefitted from the company's deferred profit sharing plan (DPSP) and over the years, he accumulated $75,000.
Where should Aadi transfer these funds on a tax-deferral basis, now that he is retired?
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?
Mercedes is a single mother to her 5-year-old son, Arthur. Arthur's father, Richard, is not in his son's life because he is a recovering drug dealer who spent the last 4 years in and out of prison. Mercedes has full custody of Arthur and cannot count on help from her family because they live in another province.
Wanting to ensure his wellbeing, in the event of her death, Mercedes purchases a $100,000 life insurance policy and names Arthur the sole beneficiary of the policy.
If she died without a will, who would receive the death benefit?
Which organization provides protection for holders of segregated fund contracts in Canada if the insurer becomes insolvent?
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