LLQP - Life Licence Qualification Program

Set · 2026-10

A client stops paying premiums on a permanent policy with a policy loan. Which risk should the agent explain?

Select oneThe policy must always pay its full original benefit regardless of outstanding loansThe contract could lapse if available value becomes insufficient, subject to its termsThe loan automatically makes premiums unnecessary foreverEvery policy loan is immediately forgiven by the insurer

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2026-10 · 30 practice questions with explanations

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LLQP - Life Licence Qualification Program

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