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IFSE Institute Life License Qualification Program LLQP Question # 59 Topic 6 Discussion

LLQP Exam Topic 6 Question 59 Discussion:
Question #: 59
Topic #: 6

Luisa owns a balanced segregated fund currently valued at $50,000. Her mother Linda is the current revocable beneficiary of the policy. However, Luisa has been dating Benjamin for a year and would like to name him as the new beneficiary of her policy.

Which of the following statements about modifying the beneficiary designation is CORRECT?
A.

The change will take effect on the date that the insurer receives the change of beneficiary form.

B.

Since Linda is Luisa’s named beneficiary, she would need to consent to the change.

C.

Luisa can modify the designation anytime.

D.

Luisa can call the insurer's head office to notify them of the change.

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Actual exam question for IFSE Institute LLQP exam by Juno9894 at May 2, 2026, 7:35:22 PM

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