LLQP Exam Dumps - Life License Qualification Program (LLQP)

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Question # 89

Larry, an insurance agent, meets with Ethan, a freelance photographer, to review his insurance needs. Larry tells Ethan that he wants to collect all pertinent financial information to prepare a net worth statement for Ethan.

Why does Larry want to prepare Ethanâ€™s net worth statement?

To have enough information to identify where Ethan spends his money.

To determine Ethan's various sources of income.

To determine how much Ethan can spend on accident and sickness insurance premiums.

To determine if Ethan has enough resources to cover medical expenses if he had a medical emergency.

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