LLQP 試験問題を無料オンラインアクセス

Denise, age 45, is a member of her employer's group insurance plan, which provides disability protection for
60% of her annual salary of $60,000. Louis, her 42-year-old spouse, is self-employed, has an annual income of $45,000, and no disability protection. As parents of three teenagers, Denise and Louis need $6,000 a month to meet their financial obligations with respect to such expenses as housing, food, car, clothing, and entertainment. Which of the following best characterizes Denise and Louis' current protection?

• A.Denise should increase her group insurance protection to cover 75% of her income.
• B.In the event Denise is disabled, she will receive $3,000/month. Along with Louis' monthly income of
  $3,750, the couple will have no difficulty meeting their financial obligations, so there is no need for additional protection.
• C.In the event Louis is disabled and has no monthly income, Denise's income will be insufficient to meet the couple's financial obligations. It is recommended that Louis take out insurance to protect up to 60% of his income.
• D.The likelihood of Denise and Louis becoming disabled at the same time is almost zero. So, there is no need for additional protection.

Vintage Style Inc. is a clothing company with 20 employees participating in its group retirement and group insurance plan. Premiums for the group insurance plan are calculated on previous claims. If the benefits paid are lower than anticipated, the premiums may decrease at renewal. However, if the benefits paid are higher than anticipated, the premiums payable may be subject to an increase.
Which of the following funding formulas does Vintage use in its group insurance plan?

• A.Non-refund accounting.
• B.Refund accounting.
• C.Administrative services only.
• D.Claims experience.

Georges is a widower and sole shareholder of the firm Distribution Beluga. Upon his death, he will bequeath the firm to his son, Kevin. During a recent discussion with his accountant, the accountant told Georges that when he dies, Kevin will face a significant tax burden because the fair market value of the firm (a Canadian- controlled private corporation), once the ACB is deducted, is $4,600,000. Furthermore, Georges has never taken advantage of the lifetime capital gains exemption, which will be estimated to be $1,250,000. George's tax rate is 48%.
What will Kevin's tax debt be upon George's death?

• A.$1,052,496.
• B.$1,072,536.
• C.$2,234,450.
• D.$1,608,000.

A group of high school students visits Jacques, a financial security advisor, as part of Career Day. A student wants to know what an insurance contract is. What will Jacques answer?

• A.It is a contract of the utmost good faith, in general concluded by mutual agreement, onerous, and aleatory
• B.It is a contract in which an inaccurate statement by the client is inconsequential; it is in general a contract of adhesion, synallagmatic, and consensual
• C.It is a contract in which an inaccurate statement by the client is inconsequential; it is a synallagmatic, consensual, and gratuitous contract
• D.It is a contract of the utmost good faith, in general a contract of adhesion, synallagmatic, and aleatory

Hussein wants to purchase a segregated fund. He has been following the news and believes the pharmaceutical sector will take off soon, and he wants to purchase a fund that will capitalize on his market view. He understands market fluctuations and is comfortable with the level of risk involved because he would only need to access these funds in 20 years.
Which of the following would be the most appropriate fund for Hussein?

• A.Target date fund
• B.Specialty fund
• C.Bond fund
• D.Balanced fund