最新的Life License Qualification Program認證 LLQP考試題庫

問題1

Concilius has had a whole life (permanent) insurance policy for the past eight years. He decides he no longer wants this policy and stops paying the premiums. The cash value keeps the policy in effect for 28 months, after which it lapses. However, 46 months later, Concilius regrets his decision and applies to reinstate his policy. He is prepared to prove that he still meets the insurability conditions and to pay the overdue premiums plus interest, the cash value used, and the interest. Under what conditions will Concilius' policy be reinstated?

A. With the addition of a new premium based on his current age

B. With a reduction in the insured amount

C. With an increase in the price of the premium

D. With the same initial conditions

正確答案: D

說明：（僅 VCESoft 成員可見）

問題2

Jackson, a new life insurance agent, is planning to promote a group insurance plan to small businesses in the area. After some research, he is able to locate a list of small business contact information online. The list contains office hours, phone numbers, as well as the office addresses. He prints off the list and prepares marketing material pertaining to group insurance and mails it to each of the small businesses. Jackson's business plan is to call the businesses one by one 14 days after the marketing material has been mailed. What should Jackson be aware of to comply with the usual business solicitation practice?

A. Jackson's business solicitation practice is in conflict with the Personal Information Protection and Electronic Documents Act.

B. Jackson's business solicitation practice is in full compliance.

C. Jackson should make sure the businesses are not on the National Do Not Call List.

D. Jackson should make sure to obtain consent from the businesses in order to comply with Canadian Anti- Spam Legislation.

正確答案: C

說明：（僅 VCESoft 成員可見）

問題3

(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 not violated the identification requirements because the amount is less than $100,000.

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 agent previously completed just one transaction for Helmut.

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

正確答案: C

說明：（僅 VCESoft 成員可見）

問題4

Denise, age 45, is a member of her employer's group insurance plan, which provides disability protection for
60% of her annual salary of $60,000. Louis, her 42-year-old spouse, is self-employed, has an annual income of $45,000, and no disability protection. As parents of three teenagers, Denise and Louis need $6,000 a month to meet their financial obligations with respect to such expenses as housing, food, car, clothing, and entertainment. Which of the following best characterizes Denise and Louis' current protection?

A. Denise should increase her group insurance protection to cover 75% of her income.

B. In the event Louis is disabled and has no monthly income, Denise's income will be insufficient to meet the couple's financial obligations. It is recommended that Louis take out insurance to protect up to 60% of his income.

C. In the event Denise is disabled, she will receive $3,000/month. Along with Louis' monthly income of
$3,750, the couple will have no difficulty meeting their financial obligations, so there is no need for additional protection.

D. The likelihood of Denise and Louis becoming disabled at the same time is almost zero. So, there is no need for additional protection.

正確答案: B

說明：（僅 VCESoft 成員可見）

問題5

Kadiha invested $10,000 in a balanced fund 10 years ago, which she put into a non-registered account. At the time, her insurance agent sold her the fund with a 75% maturity and death benefit guarantee. Today, when the fund expires, the market value is $5,000.
How much will Kadiha receive, and how will her funds be treated for tax purposes?

A. $7,500, of which $2,500 will be taxed as interest, dividend, and capital gain.

B. $7,500, tax free.

C. $7,500, of which $2,500 will be taxed as interest income.

D. $7,500, of which $2,500 will be taxed as capital gain.

正確答案: B

說明：（僅 VCESoft 成員可見）

問題6

Mark and Jesse had a joint life insurance policy which they purchased on the advice of their insurance agent, recognizing that if one of them died, the other would need an insurance benefit to pay off their mortgage and for final expenses. Coverage is $450,000. Last week their car went off the road in a snowstorm. Both were declared dead at the scene. The two had named their adult nephew, Louis, as contingent beneficiary. What is the amount of the benefit the insurer will pay Louis?

A. $900,000.

B. $225,000.

C. $450,000.

D. $675,000.

正確答案: C

說明：（僅 VCESoft 成員可見）

問題7

(Dominique invested $25,000 in fixed-rate GICs and $25,000 in bond segregated funds.
What type of risk do these investments involve?)

A. Liquidity risk

B. Market risk

C. Industry risk

D. Inflation risk

正確答案: D

說明：（僅 VCESoft 成員可見）

問題8

Janice, age 73, plans on purchasing a joint-and-last-to-die annuity. She wants to receive the highest possible annuity payments.
Who should be the joint annuitant?

A. Eric and Thomas together

B. Her daughter, Renee, who is 51

C. Her husband, Eric, who is 75

D. Her disabled son, Thomas, who is 53

正確答案: C

說明：（僅 VCESoft 成員可見）

問題9

Vasu, an insurance agent, meets with Francine, his new client. Francine wants to purchase a disability insurance policy. Vasu helps her complete the application form. In the process, he collects all the required medical and lifestyle information on his client and wonders what he must do with the information he collected.
Which of the following options is CORRECT?

A. Vasu must send a copy of the medical and lifestyle-related information to the insurer, his supervisor, and his client, and must keep a copy in his file.

B. Vasu must send a copy of the medical and lifestyle-related information to the insurer, his supervisor, and keep a copy in his file.

C. Vasu must send a copy of the medical and lifestyle-related information to the insurer only, and he cannot keep a copy in his file.

D. Vasu must send a copy of the medical and lifestyle-related information to the insurer and keep a copy in his file.

正確答案: D

說明：（僅 VCESoft 成員可見）

問題10

Kirill purchases a $250,000 permanent life insurance policy on the life of his grandson, Dmitry. Kirill asks his wife Katya to pay the policy premiums and names his daughter, Natalya, as the subrogated policyholder. He does not name a beneficiary. Subsequently, Kirill dies without a will.
Who will become the new policyholder?

A. Natalya.

B. Katya.

C. The executor of Kirill's estate.

D. Dmitry.

正確答案: A

說明：（僅 VCESoft 成員可見）

問題11

Larissa is a 65-year-old retired marketing executive. She is single and has no dependents. Larissa accepted a generous retirement package from her employer five years ago and used her early retirement cash bonus to consolidate her financial affairs. She paid off mortgages on both her principal residence (a condo) and her vacation cottage. The fair market value (FMV) of the real estate increased significantly over the years. She named her sister Natalya as the sole beneficiary of her estate. In addition to the two properties, Larissa's estate includes a registered retirement savings plan (RRSP) and shares of Apple Inc. that she purchased in her tax- free savings account (TFSA) 10 years ago. If Larissa were to pass away today, which of her assets would be fully taxable on her final income tax return?

A. The cottage.

B. The TFSA.

C. The condo.

D. The RRSP.

正確答案: D

說明：（僅 VCESoft 成員可見）

問題12

(Miles receives a $500,000 inheritance. He wants to invest it in a high-risk segregated fund but is nervous about potential losses.
What unique advantage of segregated funds enables Miles to pursue this strategy?)

A. The maturity guarantee

B. The exemption from probate

C. The tax benefit of capital losses

D. The ability to reset

正確答案: A

說明：（僅 VCESoft 成員可見）

問題13

(Kara's uncle recently passed away, leaving her an inheritance. Since Kara does not hold any investment account and is not sure what to do with this unexpected influx of money, her cousin referred her to his own financial advisor.
What information should the advisor first seek to obtain from Kara to begin developing an investment strategy that meets her needs?)

A. The rate of return Kara wants for her investment.

B. Whether Kara would like to duplicate what her cousin has.

C. How liquid Kara needs her investment to be.

D. Who Kara wants to list as beneficiary.

正確答案: C

說明：（僅 VCESoft 成員可見）

問題14

Sidney is a professional hockey player that recently purchased a large house and wants to have life insurance coverage to cover the cost. He meets with his life insurance agent, Dave, to determine his need and complete an application. After completing a needs analysis, it is determined he should have $25,000,000 worth of life insurance. Dave makes an application to A-Z Life Insurance Co. for $25,000,000 of permanent life insurance.
The insurance company tells Dave that they have a maximum retention amount of $20,000,000 per policy.
What will happen in Sidney's case?

A. He will have to apply for two different policies with A-Z Life Insurance Co.: Each less than
$20,000,000 but totaling $25,000,000

B. He will have to apply for $20,000,000 worth of coverage.

C. He will have to apply for $20,000,000 worth of coverage with A-Z Life Insurance Co. and $5,000,000 with a reinsurance company.

D. He will have to apply for $25,000,000 worth of coverage with A-Z Life Insurance Co. and they will find a reinsurance company to cover the $5,000,000.

正確答案: D

說明：（僅 VCESoft 成員可見）

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