LLQP (Life Licence Qualification Program) Practice Exam · Question
A client informs their agent that they have recently married and purchased a new home. What is the agent's most appropriate professional response?
When a client's needs change significantly (like marriage), the agent should conduct a formal 'Needs Analysis' to ensure the current coverage remains appropriat
Start free practice for LLQP (Life Licence Qualification Program) Practice Exam
374 questions · no signup required · 40 free questions per day
Question: A client informs their agent that they have recently married and purchased a new home. What is the agent's most appropriate professional response?
Answer options:
- Automatically double the client's current limit.
- Change the beneficiary to the new spouse without further review. ✅ Perform a new needs analysis to determine if coverage is sufficient.
- Suggest the client cancel their existing policy and buy a joint life policy.
Correct answer: Perform a new needs analysis to determine if coverage is sufficient.
Explanation: When a client's needs change significantly (like marriage), the agent should conduct a formal 'Needs Analysis' to ensure the current coverage remains appropriate and adequate.
Start free practice for LLQP (Life Licence Qualification Program) Practice Exam
374 questions · no signup required · 40 free questions per day
More about LLQP (Life Licence Qualification Program) Practice Exam
Related Questions
- A life insurance policy that offers lifelong coverage, a guaranteed death benefit, and a savings component tha
- Group benefits in Canada commonly include:
- Sarah, a 35-year-old marketing professional in Ontario, purchases a participating whole life insurance policy
- Mark, a 45-year-old business owner in British Columbia, has a Universal Life policy with a Level Cost of Insur
- A personal non-registered permanent life insurance policy on Liam, a 40-year-old engineer in Montreal, has acc
- Universal life is:
More for LLQP (Life Licence Qualification Program) Practice Exam candidates
Study guides
Question explanations
- A life insurance policy that offers lifelong coverage, a guaranteed death benefit, and a savings component tha
- Group benefits in Canada commonly include:
- Sarah, a 35-year-old marketing professional in Ontario, purchases a participating whole life insurance policy
- Mark, a 45-year-old business owner in British Columbia, has a Universal Life policy with a Level Cost of Insur
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free LLQP (Life Licence Qualification Program) Practice Exam Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.