Life License Qualification Program (LLQP) Practice Exam 2025 - Free LLQP Practice Questions and Study Guide

In the context of correcting an improper annuity sale, the expectation for an agent often involves financial accountability. Paying monetary restitution is a clear and direct way to address the potential financial harm caused to the client due to the improper sale. This option focuses on the principle of making the affected client whole, ensuring they receive compensation for any losses incurred.

Monetary restitution can encompass various forms of repayment or reimbursement, such as returning commissions earned from the sale or compensating the client for any losses related to the annuity's performance due to inappropriate advice or misrepresentation. This emphasizes the agent's responsibility to uphold ethical standards and protect the financial interests of the client.

While other options might carry some relevance in different scenarios—such as paying a fine to state regulators, converting the annuity, or issuing an apology—monetary restitution directly addresses the corrective actions an agent would likely be expected to undertake to remedy the financial impact of their conduct on the client.