Dennis, aged 56, is an actuary.

Vendor: IFSE Institute
Product: LLQP
Update on: Feb 3, 2026
Questions: 328

IFSE Institute LLQP Question Answer

Dennis, aged 56, is an actuary. He owns both a disability insurance policy and a renewable term life insurance policy. His life insurance policy includes a supplementary benefit: the waiver of premium for total disability benefit. Following a motorcycle accident, Dennis suffers a traumatic brain injury. His disability benefits begin after the waiting period. While receiving those benefits, his term life insurance policy comes up for renewal.

How will the supplementary benefit included in that policy help Dennis?

It will pay the premiums for the disability insurance.

It will increase the amount Dennis receives as a disability benefit.

It will pay his life insurance premiums up until the policy's renewal, but not after.

It will pay his life insurance premiums before and after the policy's renewal, so long as he is disabled.