Hllqp - Study guides, Class notes & Summaries
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Ethics and Professional Practice HLLQP questions with correct answers
- Exam (elaborations) • 14 pages • 2023
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A insurance policy is active when... Answer What is payment of first premium 
 
What is a contract? Answer a legally binding agreement between two or more parties 
 
What is a unilateral contract? Answer a one-sided agreement where the insured can cancel for any reason but the insurer cannot 
 
What is insurer Answer The insurance company 
 
What is insured Answer The person covered by insurance 
annuitant 
death triggers payout 
 
What is advisor/agent Answer The person working for the insuranc...
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Life Insurance, BC Canada HLLQP STUDY | 240 Rated 100% Correct!!
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3 phrases of Against Permanent Loss of income( Income earner dies) - Readjustment period, 
Dependency Period, Survivor life income needs 
Capital retention approach - Today's value of income needs + cash needs = insurance needs 
Two common method for calculate life insurance needs - Capitalization of income approach(lifevalue approach) and Capital retention approach 
Capitalization of income approach(life- value approach) - Annual Income / interest rate = life value 
(how much one's earning wo...
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HLLQP - LIFE 06 FC - Group Life Insurance questions with correct answers
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The coverage under a group life insurance plan is determined in four different ways based upon an earnings multiple, flat rate, length of service, or some combination thereof. Which method is most common? Answer The most common is the earnings multiple schedule. In this, coverage is equivalent to a multiple of the employee's annual salary. 
 
If the overall demographics for a group haves significantly changed, what effect will it likely have on the group premium? Answer The premium will likely ...
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HLLQP - SFA 02 FC - Segregated Funds Exam Questions and Answers
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HLLQP - SFA 02 FC - Segregated Funds Exam Questions and Answers
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HLLQP - LIFE 12 FC - Ongoing Service questions with correct answers
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What is churning? Answer Churning is an unethical practice whereby an agent advises a client to cancel a policy in order to sell a new one with the same insurer for the sole purpose of earning a commission. 
 
Note: This can even include a partial cancellation, such as borrowing against an existing policy to obtain the funds to buy a new policy. 
 
What form did the insurance industry create to reduce the odds of churning or twisting? Answer To protect client's from churning or twisting, most ...
Too much month left at the end of the money?
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HLLQP | Exam With Complete Solutions.
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Prabdeep is sole sales representative. He has good connections in community that his sister Shatakski 
does not. Shatakski starts a business with on demand load. If prabdep were to die. Agent reccomends 
coverage on is brother to cover on demand loan - The bank can recall the loan if the feel business 
may not be successful without prabdeep who is the KEP EMPLOYER 
Insurance company reviewing for group adjustable whole life policies. Comapring projections made 10 
years ago realized actual inves...
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HLLQP - SFA 02 FC - Segregated Funds Questions and Answers 100% Verified!
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Describe the investment quality of a high-yield bond - ANSWER-very low quality. 
 
Analogy: Investing in a high-yield bond(junk bond) is a lot like betting on a longshot at the horse races. Your horse is unlikely to win, and you will most likely lose all of your money. However, if your horse somehow wins, you stand to make a huge profit. The same logic holds with junk bonds. An investor may take a chance on such a bond if he believes that the issuer's fortunes will turn around and the bond wil...
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HLLQP (Harmonized Life License Qualification Program) license Tests Bundle
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HLLQP (Harmonized Life License Qualification Program) license Tests Bundle
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Ethics and Proffesional Practice HLLQP | 106 questions and answers Rated 100% Correct!!
- Exam (elaborations) • 12 pages • 2023
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A insurance policy is active when... - What is payment of first premium 
What is a contract? - a legally binding agreement between two or more parties 
What is a unilateral contract? - a one-sided agreement where the insured can cancel for any reason 
but the insurer cannot 
What is insurer - The insurance company 
What is insured - The person covered by insurance 
annuitant 
death triggers payout 
What is advisor/agent - The person working for the insurance company 
What is captive agent - work...
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HLLQP LIFE BUNDLED Exam s questions and 100% correct answers
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Ethics and Proffesional Practice HLLQP exam questions and 100% correct answers
HLLQP Taxation of Life Insurance and Tax Strategies exam questions and 100% correct answers
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