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IFSE Institute Life License Qualification Program LLQP Question # 17 Topic 2 Discussion

LLQP Exam Topic 2 Question 17 Discussion:
Question #: 17
Topic #: 2

Andre, an insurance agent, meets with his client Jasper to discuss his $150,000 whole life insurance policy. Jasper is deeply indebted and needs at least $40,000 to cover his debt. Andre tells him about a company he knows that will be willing to give him $75,000 if he assigns his policy to them. Did Andre act appropriately?
A.

No, because Jasper is not allowed to assign his policy to an arms-length entity.

B.

No, because trafficking in insurance is discouraged by the insurance industry.

C.

Yes, because he is helping his client pay off his debt.

D.

Yes, as long as this practice is not illegal in his province of residence.

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Actual exam question for IFSE Institute LLQP exam by Cyra4742 at May 3, 2026, 6:47:17 PM

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