LLQP (Life Licence Qualification Program) Practice Exam · Question
The principle that requires an agent to ensure a recommended product meets the specific needs and circumstances of the client is called:
Under the 'unsuitability' principle, an agent must only recommend products that are appropriate for the client based on their specific financial needs, risk tol
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Question: The principle that requires an agent to ensure a recommended product meets the specific needs and circumstances of the client is called:
Answer options:
- Professionalism
- Full Disclosure ✅ Suitability
- Confidentiality
Correct answer: Suitability
Explanation: Under the 'unsuitability' principle, an agent must only recommend products that are appropriate for the client based on their specific financial needs, risk tolerance, and goals.
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- 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
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