LLQP EXAM PREPARATION

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Question #6 (Topic: Demo Questions)

Jasper owns TeleVida, a successful production company with over 50 employees. He wants to expand
the company by opening an office in another province. Jasper needs to take out a $500,000 20-year
loan to make this expansion happen. However, he wants to make sure that if hedies while there’s an
outstanding balance on the loan, the balance will be paid in full by the insurance company.

20-year decreasing term life insurance.

20-year term life insurance.

Term-100 life insurance policy.

Universal life insurance policy.

Correct Answer: A

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