Life License Qualification Program (LLQP): LLQP Exam
"Life License Qualification Program (LLQP)", also known as LLQP exam, is a IFSE Institute Certification. With the complete collection of questions and answers, iPassleader has assembled to take you through 330 Q&As to your LLQP Exam preparation. In the LLQP exam resources, you will cover every field and category in Life License Qualification Program Certification helping to ready you for your successful IFSE Institute Certification.
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- Updated on: Oct 10, 2026
- No. of Questions: 330 Questions & Answers
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- Updated on: Oct 10, 2026
- No. of Questions: 330 Questions & Answers
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IFSE Institute LLQP Exam Overview:
| Certification Vendor: | IFSE Institute |
|---|---|
| Exam Name: | Life License Qualification Program Examination |
| Exam Number: | LLQP |
| Related Certifications: | Segregated Funds and Annuities License Life Insurance License Accident & Sickness Insurance License |
| Exam Format: | Computer-Based Exam, Multiple Choice Questions (MCQ), Proctored Online or In-Centre |
| Exam Price: | CAD 100–150 per module (varies by province/provider) |
| Exam Duration: | 120–180 per module |
| Real Exam Qty: | Approximately 80–100 per module |
| Passing Score: | 60%–70% (varies by jurisdiction and module) |
| Certificate Validity Period: | Varies by provincial regulator; typically requires ongoing continuing education for license maintenance |
| Available Languages: | French, English |
| Recommended Training: | IFSE LLQP Training Program |
| Exam Registration: | Ontario FSRA Licensing Information IFSE LLQP Program Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based proctored exam delivered online or at authorized testing centres depending on province |
| Pre Condition: | No formal prerequisite, but completion of LLQP course modules is required before examination eligibility in most provinces |
| Official Syllabus URL: | https://www.ifse.ca |
IFSE Institute LLQP Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Ethics and Professional Practice | - Regulatory framework and compliance - Ethical conduct and suitability |
| Life Insurance | - Policy provisions and riders - Underwriting and risk classification - Life insurance products and policy types |
| Accident and Sickness Insurance | - Disability and critical illness coverage - Health insurance principles |
| Segregated Funds and Annuities | - Annuity structures and guarantees - Investment-linked insurance products |
IFSE Institute LLQP Exam: Answers Worth Your Time
IFSE Institute Life License Qualification Program (LLQP) is an official IFSE Institute certification exam, registered under the code LLQP. Passing it awards the Life License Qualification Program (LLQP) certification, a credential at the License Qualification level. It also connects to Life Insurance License, Accident & Sickness Insurance License, Segregated Funds and Annuities License. Successfully passing matters to every candidate because the credential keeps working for your career long after exam day.
You will answer Approximately 80–100 per module questions within 120–180 per module on the IFSE Institute Life License Qualification Program (LLQP) exam. That combination rewards candidates who practiced under realistic timing, so make timed sessions in the iPassleader engine a daily habit; one to two hours a day is enough when every minute rehearses the real thing.
IFSE Institute Life License Qualification Program (LLQP) requires 60%–70% (varies by jurisdiction and module) to pass, and official registration costs CAD 100–150 per module (varies by province/provider). Since every retake charges CAD 100–150 per module (varies by province/provider) again, diligent daily practice is the cheapest strategy available. Let your iPassleader practice scores confirm readiness across several consecutive sessions before you book.
IFSE Institute recommends the following training for IFSE Institute Life License Qualification Program (LLQP) candidates.
Training broadens your technology knowledge; the 330 practice questions in the iPassleader LLQP package sharpen it into exam-day scoring ability.
Sign-up for IFSE Institute Life License Qualification Program (LLQP) runs through the official channels below.
One logistics note: the exam is delivered Computer-based proctored exam delivered online or at authorized testing centres depending on province.
No formal prerequisite, but completion of LLQP course modules is required before examination eligibility in most provinces
Vendor requirements do change, so verify the current conditions before registering on the official exam page.
The IFSE Institute Life License Qualification Program (LLQP) blueprint covers 4 domains, with the largest being Accident and Sickness Insurance, Ethics and Professional Practice, and Life Insurance. The full topic list is above on this page; it tells you exactly where your daily hour or two earns the most marks.
Yes, download the free demo of the IFSE Institute Life License Qualification Program (LLQP) questions before deciding, and read former customers' comments for an independent verdict. After purchase, new versions download free for one year, and when your product expires you can extend the update service at a 50% discount. Returning customers also enjoy bountiful discounts on future exams.
Your purchase carries a 100% money-back guarantee with defined conditions. Take the IFSE Institute Life License Qualification Program (LLQP) exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. Alternatively, exchange for two other exam products of equal value, free, with your original purchase keeping its update service.
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IFSE Institute Life License Qualification Program (LLQP) Sample Questions:
Ten years ago, Albert purchased a life insurance policy and designated his brother Stephen as the sole beneficiary. Albert is single and Stephen is his only family. Albert is a frequent traveler and enjoys doing exotic sports in South Africa. During his trip in South Africa in July 2019, there was a heavy earthquake in the region and a lot of the buildings fell apart. It was reported that Albert could be drinking in one of the restaurants when the disaster happened. His body was not located at that time. The South African government declared the incident as a national disaster. After the incident, Stephen got a letter from the life insurance company indicating Albert's life insurance was in grace period and a payment was required or it will lapse on August 15, 2019. Two weeks have passedsince the mail arrived and the grace period is over. The policy is now lapsed because Stephen was occupied with Albert's disappearance. On October 1, 2019, Albert's body is finally located in one of the building ashes. The coroner's report indicated he died when the building collapsed. What should Stephen do to handle the life insurance matter?
- A. Stephen would not be able to make a claim because the policy already lapsed.
- B. Stephen could bring the policy back in force by telling the insurance company what happened and start paying the premium again.
- C. Stephen would not be able to make a claim because the coroner's report came out after the policy lapsed.
- D. Stephen should make a death claim because Albert died on the day when the earthquake occurred.
Correct Answer: D 🗳️
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Three years ago, Douglas purchased a whole life insurance policy with numerous supplementary benefits and riders. Today, he meets with his doctor who informs him that he has late-stage colon cancer and has only a few months to live. Even with surgery, his chances of survival are low. Douglas calls his insurance agent, Penny, to ask her what he should do to obtain a benefit immediately.
- A. Policy loan.
- B. Dread disease benefit.
- C. Terminal illness benefit.
- D. Policy withdrawal.
Correct Answer: C 🗳️
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Alex is meeting with his financial advisor, Shannon, to discuss potential life insurance options. Alex's need for insurance will increase gradually over time due to growth on his investment properties. He would like the mortgages and taxable gains paid off if he were to pass away. Shannon recommends a permanent policy, as Alex's need is long-term, and could extend beyond any period of time a term policy would cover. Alex also wants to add an extra coverage onto this policy as he wants to be provided with additional growth over time he needs.
Which rider would work for Alex?
- A. Paid-up additions rider with restriction
- B. Guaranteed insurability benefit rider
- C. Accidental death rider
- D. Term insurance rider
Correct Answer: A 🗳️
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Sebastian is a 44-year-old sales representative employed at Premier Aqua. He wants to take a year off to travel and relax. He has worked for the company for 25 years and accumulated $230,000 in adeferred profit sharing plan (DPSP). He would like to know if he can use some of the funds in his DPSP to fund his sabbatical.
- A. Yes, he can withdraw the funds if he gets permission from his employer.
- B. No, the funds can only be transferred to a locked-in retirement account (LIRA).
- C. Yes, he can withdraw the funds if he wants to.
- D. No, the funds can only be transferred to a life income fund (LIF).
Correct Answer: B 🗳️
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Genevieve has won $100,000 in the lottery and now wants to invest this amount. She has a very good risk tolerance and a long-term investment horizon. Furthermore, Genevieve-who works for a firm of economists-is convinced that interest rates will rise on a regular basis over the next 10 years and is firm in her requirement that these interest rate increases not affect her investments, insofar as possible.
What kind of investment, from among the following, could be suitable for Genevieve?
- A. Stocks
- B. Corporate bonds
- C. GICs
- D. Government of Canada bonds
Correct Answer: A 🗳️
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