IFSE Institute Related Exams
LLQP Exam
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?
(Jerry, aged 63, is getting ready to retire. His pension statement shows contributions, investment choices, and performance data.
From among the following types of pension plans, which one was Jerry a member of?)
Jonas, age 66, receives a monthly retirement income of $2,000 that is indexed to the cost of living. His RRSPs consist of the following: $30,000 in an international equity fund and $20,000 in a global bond fund.
To which of the following risks is Jonas most exposed?