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IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 19 Topic 2 Discussion

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IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 19 Topic 2 Discussion

LLQP Exam Topic 2 Question 19 Discussion:
Question #: 19
Topic #: 2

Bea is a married 65-year-old woman applying for a life insurance policy. She meets with Stanley, her insurance agent, to review her insurance needs. Stanley inquires if Bea has started receiving Old Age Security (OAS) and Canada Pension Plan (CPP) benefits. Why is it important for Stanley to know this?
A.

These funds are taxable and may increase her need for life insurance.

B.

Her life insurance needs may decrease if she is retired.

C.

Her spouse may be eligible for survivor benefits upon her death.

D.

To calculate her retirement income.

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Actual exam question for IFSE Institute LLQP exam by Kai2328 at Feb 2, 2026, 11:38:28 PM

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