QuizeeyLLQP - Life Licence Qualification Program
Prepare with 30 original English practice questions and explanations in the 2026-10 set. Canada: life insurance, accident and sickness insurance, segregated funds and annuities, and ethics and professional practice for common-law jurisdictions. Does not cover Quebec civil-code specifics. Independent study material, not an official examination.
Set · 2026-10
A parent needs life insurance primarily to replace income while children are financially dependent for the next 20 years. Which product is the most direct starting point for that temporary need?
Questions & review
Original, independent study material. This is not an official exam paper.
20 questions on this page
A parent needs life insurance primarily to replace income while children are financially dependent for the next 20 years. Which product is the most direct starting point for that temporary need?
A client wants lifetime death-benefit protection rather than coverage ending after a fixed term. Which category should the agent evaluate?
In a life insurance contract, who generally holds the contractual rights to make permitted policy changes?
A client names a primary and a contingent beneficiary. What is the usual role of the contingent beneficiary?
An agent estimates a family's life insurance need. Which information is most relevant?
A client is considering replacing an existing life policy. What should the agent do before recommending replacement?
A client stops paying premiums on a permanent policy with a policy loan. Which risk should the agent explain?
A client applies for life coverage and asks the agent to omit a known medical condition to obtain a lower premium. What should the agent do?
A client depends on employment income and wants benefits if an illness prevents them from working. Which coverage should be evaluated?
What does an elimination period in a disability income policy usually mean?
Why should an agent carefully explain an own-occupation disability definition?
How does critical illness insurance generally differ from disability income insurance?
A client wants help paying for qualifying personal care when they can no longer perform specified daily activities. Which product category is most relevant?
A group health plan contains a coordination-of-benefits provision. What is its general purpose?
A traveller has a pre-existing medical condition and wants emergency medical coverage. What should the agent review?
A disability policy offers a longer benefit period but a higher premium. What should guide the recommendation?
What is a segregated fund contract in the Canadian life insurance context?
A segregated fund contract advertises a maturity guarantee. What should the agent explain?
A retired client wants payments that continue for as long as they live. Which product should be evaluated?
Compared with an otherwise equivalent single-life annuity without a guarantee period, what does a guarantee period generally add?