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 modular online proctored certification exams. Upon successful completion, IFSE will update your information on CIPR qualifying you for your licensing exams. Your certification on the CIPR system is valid for a one-year period from the date you pass the final modular exam in your course.
The second step is to register for your licensing exams through your provincial insurance regulator. 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. Please check your eligibility for licensing period with your provincial regulator.
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)
Tools and Pricing
| Course Price | $350 |
| * Optional Products: | |
| Printed Textbook | $120 |
| Printed Study Guide | $100 |
| SeeWhy LLQP Video | $99 |
| * Optional products are non-refundable |
2. LLQP (CIVIL CODE)
Tools and Pricing
| Course Price | $350 |
| * Optional Products: | |
| Printed Textbook | $120 |
| Printed Study Guide | $100 |
| SeeWhy LLQP Video | $99 |
| * Optional products are non-refundable |
3. LLQP (CANADA)
Tools and Pricing
| Course Price | $350 |
| * Optional Products: | |
| Printed Textbook | $150 |
| Printed Study Guide | $125 |
| SeeWhy LLQP Video | $99 |
| * Optional products are non-refundable |
Course Structure
CISRO/OCRA ManualsThe 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.
Life insuranceThe 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.
Accident and Sickness InsuranceThe 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.
Segregated Funds and AnnuitiesSaving 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.
Ethics and Professional PracticeThis module discusses the legal framework governing life insurance in common law provinces and territories (excludes Québec) and your professional responsibilities as an insurance professional.
Ethics and Professional Practice (Québec)This module discusses the civil code framework that governs life insurance in the province of Québec and your professional responsibilities as an insurance professional.
SeeWhy Learning Online Study ToolsStudy Guides- 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.
Key Concept Flash Cards- 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.
Chapter Quizzes with Detailed Answer Keys- 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.
Practice Exams- 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
NOTE: For prospective students in Alberta, please review this notice from the Alberta Insurance Council.
You must ensure you have met all the criteria to be Insurance licensed in the province you plan to practice in. Check with your Provincial Insurance Regulator for more information.
EXAM DETAILS
| Format | Computer-based Online Proctored Exam (IFSE eTest) |
| Time permitted | 75 minutes per module |
| Question format | Multiple choice |
| Number of questions | 30 per module Life/A&S/Segregated Funds20 per module Ethics and Professional Practice |
| Passing grade | 60% |
| Number of attempts | Maximum 4 attempts per module |
Click here! CE Credit Matrix
NOTE: You must successfully pass all modular online certification exams in your course before IFSE can certify you. For LLQP (Common Law or Civil Law), you must pass all 4 modular exams in order for IFSE to certify you. For LLQP (Canada), you must pass all 5 modular exams in order for IFSE to certify you. Students who are unsuccessful on their fourth attempt of any of the modular exams must re-enroll into the course.
FAQs
Can I take an IFSE course in a classroom setting?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.
How do I register for a course?Follow these instructions.
- Choose the LOGIN/REGISTER box.
- For returning students, login using your username and password. Choose “Enrol in a Course” in the menu bar.
For new students choose "Become a Student" and supply all mandatory information in the following screens. - 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".
- Choose the course you want to enrol in. Click “Next”.
- If optional products are available for purchase, they will appear for you to choose. Click “Next”.
- 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.
- Verify your shopping cart information and click on "Process Payment".
- 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.
- 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.
How do I get my exam results?Exam results for Computer-based Test Centre Proctored and Computer-based Online Proctored exams are available online within 2 business days following the exam if you have no outstanding fees.
Exam results for Online Unproctored exams are available immediately upon submission.
Exam results for Paper-based Proctored exams are available online within 3 to 5 business days if you have no outstanding fees.
When your grade has been released, you can access your exam results by logging into your IFSE account. Once you have logged in:
- Choose “My IFSE”
- Choose “Courses”
- Choose “Show me my Marks for this Course” (this link only appears when your results are available).
How do I become licensed to sell life insurance?There are several steps you need to take to become licensed to sell life insurance in Canada. View our blog post How do I become a life insurance agent in Canada? to find out how.
How do I become certified through IFSE?INSURANCE program courses are divided into the following 5 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 proctored certification exam that requires a minimum grade of 60% for successful completion. You must pass all modular 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 modular 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
What is the Canadian Insurance Participant Registry (CIPR)?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.
For the LLQP and A&S courses, what are the printed textbooks?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.
For the LLQP and A&S courses, what are the study guides?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.
For the LLQP and A&S courses, what are the SeeWhy Learning online study tools?What happens when I pass all my modular certification exams?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 modular exam in your course. You are responsible for ensuring your legal name is correctly reflected on your CIPR profile.
How do I book my LLQP provincial licensing exams?Please contact your provincial Insurance Council to register for the LLQP Provincial Licensing exams.
How long after I pass all my modular exams do I have to pass my provincial licensing exams?Your certification on the CIPR system is valid for a one-year period from the date you pass the final modular exam in your course. In general, you will have one year to pass all your modular exams. Please check your eligibility for licensing period with your provincial regulator.
How do I use the tablet during my LLQP provincial licensing exams?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.
How do I purchase an IFSE eTest Online Proctored Exam?You will need to purchase your IFSE eTest through IFSE’s learning platform using the exam booking feature:
To purchase the exam, please follow the steps below:
- Log into your IFSE account
- From the menu bar, click on “MY IFSE”and then “EXAMS”
- Choose “Register for IFSE eTest Online Proctor Exam”
- Review and Accept the “Exam Terms and Conditions”
- Enter your payment information when prompted by the system
- The system will then process your payment
After you have followed the steps above, please note it can take up to 5 minutes for your access to the testing website to change from “PENDING” to “ACTIVE.”
Once your status becomes ACTIVE, you will be able to take your modular exam. To do so, please follow these instructions:
- From the menu bar, click on “MY IFSE”and then “EXAMS”
- Click on “IFSE eTest Online Proctor Exam”
- Click on “ONLINE Proctor Exam Platform”
- You will be transferred to the testing platform. Click START to being your IFSE eTest
