IFSE Institute LLQP Question Answer
Coraline owns a $250,000 whole life insurance policy. She purchased the policy last year and does not have any funds accumulated in her cash surrender value (CSV). On December 30, Coraline assigns the policy to the cancer foundation, and she plans on continuing to pay the $200 monthly premium. Coraline calls her accountant James to ask him how much of her donation she will be able to use to obtain a charitable tax credit this year.
IFSE Institute LLQP Summary
- Vendor: IFSE Institute
- Product: LLQP
- Update on: Feb 3, 2026
- Questions: 328

