If you want to become a life insurance agent or an accident & sickness insurance agent in Canada, you’ll need to pass the 4 modules of the LLQP exam. This guide contains all of the LLQP exam information you need to be successful when you take your life insurance agent’s exam.
The LLQP Exams
The LLQP exam is actual made up of 4 modules that can be written at different times. They are:
- Life Insurance
- Accident & Sickness Insurance
- Segregated Funds & Annuities
- Ethics and Professional Practice (Common Law & Quebec version depending on province of practice)
You need to pass all 4 to become a fully fledged life insurance agent.
If you only need an A&S insurance agent license, then you only need to pass the A&S Insurance and Ethics and Professional Practice modules.
LLQP Exam Duration
A common question we get is: “How long are the LLQP exams?” Well, it depends:
| Life Insurance | 90 minutes |
| A&S Insurance | 90 minutes |
| Segregated Funds | 90 minutes |
| Ethics & Professionalism | 60 minutes |
LLQP Exam Questions
How Many Questions Are On the LLQP Exams?
| Life Insurance | 50 questions |
| A&S Insurance | 50 questions |
| Segregated Funds | 50 questions |
| Ethics & Professionalism | 30 questions |
Question Format
The exam is all multiple choice.
LLQP Exam Passing Grade
60% on each module. If you fail a module, you can simply retake that one. You have a maximum of 3 LLQP exam attempts.
Is The LLQP Exam Open Book?
Yes, the LLQP exam is open book so you don’t need to memorize everything. You will be able to refer to course material during your exam.
Exam Tip: Make sure you have studied the book well enough to know where everything can be found. This makes it fast and easy for you to locate the correct information.
LLQP Exam Schedule & Location
You write the LLQP exam modules online so you can write it anywhere you want – in the comfort of your own home or in the office.
LLQP Exam Weightings & Structure
| Life Insurance Module, Accident & Sickness Module and Segregated Funds Modules | |
| Needs Analysis | 35% |
| Selecting Appropriate Products (Advice) | 30% |
| Implementing Suitable Recommendations | 25% |
| Customer Service | 10% |
| Ethics & Professionalism Module | |
| Legal Aspects of Insurance & Annuities | 60% |
| Rules Governing Life Insurance | 40% |
LLQP Exam Preparation
If you need help with our LLQP exam prep, PNC Learning recently released an online LLQP course created by subject matter expert Adam (Aizad) Ahmed.
About Adam (Lead LLQP Instructor)
Adam holds many professional designations including CS, IFIC, LLQP, PFP, CPH, and his Real Estate license. Following a career in finance, he followed his passion for education and taught life insurance (among other topics) at various colleges in Ontario.
About The LLQP Course
Created by Adam, our online LLQP exam prep course follows the same strategy that has made our general insurance courses so successful:
- Taught in simple plain English with no unnecessary jargon
- 24/7 support from dedicated staff and tutors
- Pass guarantee
- Easy online access from any device
If there’s ever anything you want to know about the LLQP exams, life insurance licensing, or just need help, contact us.