LLQP Exam Dumps | Janice meets with Patrick, an insurance agent, to review her investment needs. Patrick suggests that

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IFSEInstitute.LLQP.v2025-05-12.q109
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Question 28/109

Janice meets with Patrick, an insurance agent, to review her investment needs. Patrick suggests that she invest in segregated funds. Janice is not familiar with these types of funds.
What information can Patrick provide to Janice to help her understand the advantages of segregated funds?

A. They are fully protected by Assuris.

B. They can be withdrawn anytime.

C. They guarantee protection from creditors.

D. They require medical underwriting.

Correct Answer: C

One of the significant advantages of segregated funds is creditor protection, which is particularly beneficial for business owners and professionals who may face potential claims from creditors. Under LLQP principles, segregated funds are insurance contracts, and when beneficiaries such as spouses or children are named, the investment may be protected from creditors in the event of bankruptcy or legal action. This makes segregated funds distinct from other investment types, which do not inherently offer creditor protection unless specific trusts or structures are in place.
Option A is incorrect as Assuris provides limited coverage rather than full protection, Option B ispartially true but not unique to segregated funds, and Option D is incorrect as segregated funds typically do not require medical underwriting.

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