IFSE Institute Related Exams
LLQP Exam
Rowan works for a construction company that employs 40 employees. The company is newly established, and the owners have yet to implement a group insurance policy. Rowan falls off the side of a building and breaks his collar bone. The doctor informs him that he will be unable to work for five months.
Who will pay him disability benefits while he is recuperating?
Pierre-Marc, aged 32, is a dentist with a rich clientele. His income is substantial. Five years ago, he purchased an “any occupation” disability insurance policy. Today he meets with Joseph, his life insurance agent, to determine whether this type of coverage is still adequate. What should Joseph tell him?
Christie’s savings and investment assets include the following:
RRSP: $100,000 in bond funds
Home valued at: $400,000
Defined benefit pension plan (DBPP) valued at: $50,000
Chequing account: $6,000
Savings account: $5,000
Her liabilities include:
Credit card debt: $20,000
Balance of mortgage: $200,000
Based on the information provided, what should Christie’s priority be?