VIP Exclusive
LLQP VIP Certification Practice Exam II
LLQP — The Life License Qualification Program (LLQP) is a Canadian insurance licensing exam administered by the Canadian Securities Institute (CSI) on behalf of provincial regulators; it consists of four modules — Life Insurance, Accident & Sickness Insurance, Segregated Funds & Annuities, and Ethics & Professional Practice — each comprising 30 multiple-choice questions with a 75-minute time limit and a 60% passing threshold.
28
Questions
75m
Time Limit
60.00%
To Pass
Question 1 of 28👑 VIP
Marcus, age 42, purchased a $500,000 whole life policy 12 years ago. He has accumulated significant cash value and now wants to stop paying premiums but keep some coverage in force. His agent explains the reduced paid-up insurance non-forfeiture option. Under this option, which of the following BEST describes what will happen to Marcus's policy?
Questions 2–28 and full explanations are VIP-exclusive.