LLQP (Life Licence Qualification Program) Practice Exam · Question
Which of the following is an example of 'tied selling'?
Tied selling, which is illegal, involves forcing a client to purchase one product or service as a condition for obtaining another product or service.
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Question: Which of the following is an example of 'tied selling'?
Answer options:
- Selling a life insurance policy and a disability policy to the same client. ✅ Informing a client they will only be granted a mortgage if they buy life insurance from the same bank.
- Offering a discount for multiple policies purchased at the same time.
- Comparing the features of two different insurance companies.
Correct answer: Informing a client they will only be granted a mortgage if they buy life insurance from the same bank.
Explanation: Tied selling, which is illegal, involves forcing a client to purchase one product or service as a condition for obtaining another product or service.
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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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