LLQP Life Insurance Module Practice Questions

Multiple-choice practice exam question from the LLQP Life Insurance Exam Preparation Module asking, “Many small business owners worry how their business will survive financially if the owner becomes disabled. The policy which BEST addresses this concern is…” The correct answer, “Business Overhead Expense,” is selected and marked correct.
LLQP Life Insurance practice exam question — tests understanding of Business Overhead Expense policies, which help cover ongoing business expenses when a business owner becomes disabled.


Multiple-choice practice exam question from the LLQP Life Insurance Exam Preparation Module asking, “If a person who died intestate had designated her estate as the beneficiary of her life insurance policy, what will the insurer request before distributing the proceeds?” The correct answer, “Letters of administration,” is selected and marked correct.
LLQP Life Insurance practice exam question — tests knowledge of insurance claim procedures when the insured’s estate is the beneficiary and the person dies intestate (without a will).

A multiple-choice practice question from an LLQP Life Insurance Exam preparation module asking what type of policy provides coverage for a limited time at the lowest premium. The correct answer, “Level term,” is selected and explained.
Sample LLQP Life Insurance Exam practice question showing that Level Term Insurance offers temporary coverage at the lowest cost.
A multiple-choice LLQP Life Insurance Exam practice question asking how much additional life insurance Alisa should buy given her debts, savings, and existing coverage. The correct answer, $95,000, is selected and explained with a calculation.
Sample LLQP Life Insurance Exam question demonstrating how to calculate the additional life insurance needed by totaling debts and goals, subtracting savings and existing coverage.

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