Life License Qualification Program (LLQP)

As an approved course provider for the Harmonized LLQP, IFSE offers study tools to help students succeed on their provincial licensing exams. IFSE will guide students through the regulator’s course material, helping them break down complex concepts and providing them with the knowledge and skills to build a solid foundation as an insurance professional.

Certification Process

Licensing is a two-step process. First, you must enrol with an approved course provider such as IFSE Institute and register on the Canadian Insurance Participant Registry (CIPR). The IFSE program requires you to successfully pass a series of online exams within the enrolment period to complete the certification process. The number of exams you must complete is dependent on the license you wish to pursue and where you plan to practice. Upon successful completion, IFSE will update your information on CIPR qualifying you for your licensing exams.

The second step is to register for your licensing exams through your provincial insurance regulator. Again, the number of exams you must complete is dependent on the license you wish to pursue and where you plan to practice. In general, you will have one year to pass all your exams. Contact the insurance regulator in your province for more information.

Don’t see the course offering you need? Questions? Contact info@ifse.ca.

Tools and Pricing

Select one of the following course offerings.

1. LLQP (COMMON LAW)

For students who want to be licensed in a province/territory that is not Québec.
Tools and Pricing
Course Price $350
Printed Textbook $120
Printed Study Guide $100

2. LLQP (CIVIL CODE)

For students who want to be licensed in Québec only.
Tools and Pricing
Course Price $350
Printed Textbook $120
Printed Study Guide $100

3. LLQP (CANADA)

For students who want to be licensed in a province/territory + Québec.
Tools and Pricing
Course Price $350
Printed Textbook $150
Printed Study Guide $125

Course Structure

The CISRO/OCRA manuals contain the core course material covering the topics of each module. They are available online as PDFs. (Questions relating to these manuals will be forwarded to the insurance regulators and we will reply upon receiving a response.)

Students have to complete these modules.

The life insurance module describes the financial implications of death and how life insurance can be used to address those needs. You will learn about the various types of life insurance, their features and benefits, and how to assess the client’s situation so the right product can be selected for them. The module also covers group insurance, taxation of life insurance, business life insurance, and the application and underwriting process.

The accident and sickness (A&S) insurance module focuses on understanding the requirement to provide financial protection for individuals and their families in the event of a serious illness or injury. The course material explores various types of A&S insurance including individual and group disability, critical illness, long-term care, and extended health. It also discusses insurance requirements of business owners.

Saving and investing is an important part of any client’s retirement and investment plan. In this module, you will learn about segregated funds and annuities such as the types of investments, their unique features, benefits for clients, and the tax considerations. There is also a discussion about understanding the client’s financial situation including an overview of the various registered plans and other sources of retirement funds.

 

Depending on the jurisdiction (see above), students will be required to take one or both these modules.

This module discusses the legal framework governing life insurance in common law provinces and territories (excludes Québec) and your professional responsibilities as an insurance professional.

This module discusses the civil code framework that governs life insurance in the province of Québec and your professional responsibilities as an insurance professional.

  • The audio lessons are designed so that you can use them even before reading the course content.
  • Listen to a trainer explain the core products in easy-to-understand language, and make notes in the printable workbook.
  • In less than three hours, you can have a base knowledge of the main insurance products, which will make the course readings easier to comprehend.
  • The lessons are categorized into bite-size segments, with most of the mini lessons being no more than five minutes in length. This makes it an ideal resource when you only have a few moments to study or are struggling with a specific topic.
  • The study guides summarize the course content in easy-to-understand language along with exam tips, memory aids, and analogies to make the learning fun and efficient.
  • The study guides serve as a useful tool to help you understand the CISRO/OCRA manuals and are an excellent pre-exam review.
  • Over 1,000 flash cards are provided, which allow you to gain a great deal of knowledge very quickly.
  • The flash cards are designed to mimic a tutor by asking simple questions and providing simple explanations.
  • The flash cards are an excellent stepping stone between reading the material and working with the exam preparation questions.
  • Over 1,000 exam preparation questions are provided with detailed answer keys/solutions.
  • The questions range in difficulty from “learning-style” to “exam-level.”
  • The questions are positioned as a learning tool, as you will receive feedback after each question.
  • The practice exams are designed to reflect the focus and difficulty level of the certification and provincial exams.
  • After each question, you will be provided with an explanation/solution, which can be used to solidify or correct your understanding of a concept.

Course Information

COURSE DETAILS
Delivery Online
Languages English
Suggested study time 30 hours per module
Enrolment period 1 year
Practice exam Yes

Click here!Have questions?

WHO SHOULD ENROL
  • Individuals seeking to become a licensed life insurance agent
  • Individuals wanting to learn about life insurance

EXAM DETAILS
Format Online
Time permitted 75 minutes
Question format Multiple choice
Passing grade 60%

Click here!CE Credit Matrix

NOTE: Each module contains a certification exam. You must successfully pass all certification exams before IFSE can certify you. For LLQP (Common Law or Civil Law), you must pass all 4 certification exams. For LLQP (Canada), you must pass all 5 certification exams.


FAQ

Yes, many of our partner colleges or universities across Canada offer IFSE’s Canadian Investment Funds Course (CIFC) and the Life License Qualification Program (LLQP). Note that our partners deliver our courses independently of IFSE and administer the programs on their own timeline.

For a list of Academic Partners, click here.

Follow these instructions.

  1. Select the LOGIN/REGISTER box.
  2. For returning students, login using your username and password. Select “Enrol in a Course” in the menu bar.
    For new students choose "Become a Student" and supply all mandatory information in the following screens.
  3. If you have a contract code and password, enter it where required and click "Yes". If you do not have a contract code, click "No".
  4. Select the course you want to enrol in. Click “Next”.
  5. If optional products are available for purchase, they will appear for you to select. Click “Next”.
  6. Complete your profile information as indicated on the screen. Take care in completing your mailing and shipping address to ensure that any materials that you have ordered will be delivered promptly and correctly. Click the "Save" button to proceed to the shopping cart.
  7. Verify your shopping cart information and click on "Process Payment".
  8. Review the Terms and Conditions completely. To accept the Terms and Conditions, check the box and click "Yes". If you do not want to accept the Terms and Conditions, click "No". Your course enrolment will be cancelled.
  9. Provide your credit card information and click on "Pay Now". Please do not touch the screen until your payment has been processed. A copy of the receipt will appear and can be printed for your records. The receipt will also be stored in your student record for future reference.

You will receive an email from IFSE when your exam results are available. Exam results for paper-based and computer-based exams are available online within three to five business days following the exam if you have no outstanding fees. Exam results for online exams are available immediately upon submission.

You can access your exam results by logging into your IFSE account. Once you have logged in:

  • Select "Courses".
  • Select "Show me my Marks for this Course" (this link only appears when your results are available).

Licensing is a two-step process.

First, you must enroll with an approved course provider such as IFSE Institute and register on the Canadian Insurance Participant Registry (CIPR). The IFSE program requires you to successfully pass a series of online exams within the enrolment period to complete the certification process. The number of exams you must complete is dependent on the license you wish to pursue and where you plan to practice. Upon successful completion, IFSE will update your information on CIPR qualifying you for your licensing exams.

The second step is to register for your licensing exams through your provincial insurance regulator. Again, the number of exams you must complete is dependent on the license you wish to pursue and where you plan to practice. In general, you will have one year to pass all your exams. Contact the insurance regulator in your province for more information.

The LLQP is divided up into the following modules:

  • Life insurance
  • Accident and sickness insurance
  • Segregated funds and annuities
  • Ethics and professional practice (common law or civil code)

Depending on the license type and jurisdiction, you take the module combination that's right for you. Each module has an online certification exam that requires a minimum grade of 60% for successful completion. You must pass all the certification exams in order for IFSE to certify you.

For example, if you want to be certified for LLQP (common law), you must pass all the following exams before IFSE will certify you to write the provincial exams:

  • Life insurance exam
  • Accident and sickness insurance exam
  • Segregated funds and annuities exam
  • Ethics and professional practice (common law) exam

CIPR is a national registry for participants in the insurance industry. After you register for an insurance course, you must create a CIPR profile and provide IFSE with your CIPR number. Once you pass all your certification exams, IFSE will update your information on CIPR in order for you to register for your provincial licensing exams. You are responsible for ensuring your legal name is correctly reflected on your CIPR profile.

No, an online exam is an exam that is taken via www.ifse.ca. The exam is available 24/7 and may be completed from any location where there is internet access. You receive your grade immediately upon submission.

You can access your online exam by logging into your IFSE account. Once you have logged in:

  • Select "Launch this Course".
  • Once you launch the course, you can access your Examination or Assessment.

There is no cost to re-write an online exam with the exception of the Canadian Deposits Self-Study Course offered by the Registered Deposit Brokers Association (RDBA). Click here to view the cost to re-write the online exam for this course. You must contact us to pay the re-write fee. Once the re-write fee is paid, IFSE will reset your exam.

IFSE Institute cannot be held responsible for technical problems that you experience with your equipment or internet service. You can check out the user requirements here.

This optional product is a hardcopy version of the CISRO/OCRA manuals. The number of books you will receive depends on the course.

Course No. of books
LLQP (common law) 4
LLQP (civil code) 4
LLQP (Canada) 5
A&S (common law) 2
A&S (civil code) 2
A&S (Canada) 3

Books are delivered within five to seven business days of ordering. This product is not refundable.

Study guides are available online as part of your course registration. However, you have the option to purchase them in a hardcopy book format. The number of books you will receive depends on the course.

Course No. of books
LLQP (common law) 4
LLQP (civil code) 4
LLQP (Canada) 5
A&S (common law) 2
A&S (civil code) 2
A&S (Canada) 3

Books are delivered within five to seven business days of ordering. This product is not refundable.

There are a variety of online study tools available to help you study for your LLQP or A&S course. They include study guides, audio lessons, practice exams, quizzes and flash cards. For more information, view the LLQP and A&S course pages.

If you are enrolled in an Insurance Program course, you will be certified on the Canadian Insurance Participant Registry (CIPR) upon successful completion of the course.  Certification dates are posted onto the CIPR system one business day after passing ALL modules in a course. You are responsible for ensuring your legal name is correctly reflected on your CIPR profile.

Please contact your provincial Insurance Council to register for the LLQP Provincial Licensing exams.

You have one year from the date you pass the final module of your certification exam to pass the final module of your Provincial Licensing exam.

You will be given a tablet to use when you attend your LLQP provincial licensing exams. Watch this video on how to use the tablet. Click here to view.

Other Relevant Courses

You may be interested in these other IFSE courses.

Canadian Investment Funds Course (CIFC)Exempt Market Proficiency Course (EMP)Accident and Sickness Course