IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 35 Topic 4 Discussion

IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 35 Topic 4 Discussion

LLQP Exam Topic 4 Question 35 Discussion:
Question #: 35
Topic #: 4

Eric is an architect who owns his own firm. He employs three staff and is in his fifth year of operation. While recently meeting with his insurance agent for an annual review of his coverage, he mentioned to the agent that he had recently purchased a new printing system and has a sizeable loan on it. In the event of disability, what type of insurance coverage could the agent suggest to ensure the loan payments are made?


A.

Key person disability insurance.


B.

Business overhead expense disability insurance.


C.

Disability buyout insurance.


D.

Business loan protection disability insurance.


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