Paula is a business owner and likes to make important decisions herself. Her business is very successful and she has lots of disposable income. She has a self-direct investment account where she chooses the investment herself. However, despite doing some researches on investment, her own portfolio ends up with major losses.
She just gave birth to a new born baby and would like to have some life insurance coverage for her children's expense in the event of her death. She wants a plan that can provide additional coverage over time and allows her to cover the effect of inflation as well, as she has lost confidence on making investment decisions.
What insurance plan can fit Paula's need?

• A. Universal life with YRT with maximum funding option
• B. Universal life with LCOI with minimum funding option
• C. Whole life with PUA rider
• D. Whole life with GIB rider

Melissa, a La Tranquillite representative, is meeting with a client who tells her about something that happened to one of her friends. While she was taking part in an outdoor weekend at Mont-Tremblant Park, a forest fire broke out and one of the participants was never found. The client is about to take out life insurance with Melissa. She asks Melissa what would happen to her insurance capital in such a situation. What can Melissa tell the client?

• A. The contract premiums would be reimbursed to the beneficiary because the contract would be null and void
• B. The beneficiary could receive the insurance face amount after a certain number of years and after receiving the judgment for the declaration of death
• C. The insurer would pay the insurance face amount within 30 days of the claim
• D. It would be impossible to pay the insurance face amount if the victim's body is not found

Joshua took out key person disability insurance for his computer engineer, Younes. Monthly benefits after a
60-day waiting period amount to $5,000 a month for 12 months with a replacement expense benefit rider of
$2,500 a month. Following a ski accident, Younes remained in a coma. It took Joshua six months to find a replacement with the same knowledge and skills as Younes. How much did Joshua receive from the insurer?

• A. $65,000
• B. $60,000
• C. $75,000
• D. $50,000

Kiril is the sole proprietor of a small gym with five employees. His sales manager, Antoine, is a former Olympic athlete, responsible for generating close to 50% of all revenues for the gym. Thanks to Antoine's popular social media presence, the gym is profitable and growing rapidly. However, Kiril has concerns about the future profitability of his gym should Antoine become ill or injured since the other employees are not local celebrities and would not be able to replace Antoine's contribution to the business.
Which of the following types of insurance policy would protect the gym if Antoine were unable to work?

• A. Key person disability insurance on Antoine.
• B. Disability business overhead expense insurance on Antoine.
• C. Disability buyout insurance.
• D. Business loan protection disability insurance on Antoine.

Pierre is an insurance of persons representative. His new client, Carole, wishes to buy life insurance but wants to know everything about life insurance products before making a choice. What are Pierre's responsibilities in this case?

• A. Pierre must ask Carole to put all her questions in writing and send them to the insurer
• B. Pierre can simply give Carole the insurer's explanatory brochures providing details on the products. He must avoid giving explanations so as not to influence Carole
• C. Pierre must have a conference call with the insurer and Carole so that she can ask the insurer any questions she may have
• D. Pierre must describe the products he offers to Carole and explain the coverage offered. He must clearly indicate and explain the coverage exclusions