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IFSE Institute LLQP Dumps

Exam Code:
LLQP
Exam Name:
Life License Qualification Program (LLQP)
Last Update: Dec 4, 2025
298 Questions with Explanation
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LLQP FAQs

The LLQP (Life Licence Qualification Program) exam is the licensing exam required to become a life insurance or accident and sickness insurance advisor in Canada. It ensures candidates understand insurance products, ethics, law, and compliance. Passing the exam is mandatory before applying for an insurance license in most provinces.

The exam is divided into multiple modules:

  • Life Insurance

  • Accident & Sickness Insurance

  • Segregated Funds & Annuities

  • Ethics and Professional Practice (Canada + province-specific)

Each module is written separately, and candidates must pass all required modules to qualify. The exam is multiple-choice, computer-based, and administered by official testing centers.

The passing grade is typically 60% per module. Candidates who fail a module can retake it, but retakes may require additional fees.
Dumpspedia’s LLQP dumps focus on life insurance regulations and sales practices, guiding you toward success in the Canadian qualification exam with current content.

Dumpspedia’s LLQP dumps include case studies on client needs analysis, ensuring you’re well-equipped to pass the licensing test.

The LLQP exam is ideal for individuals aiming to build a career in the life and health insurance industry. This includes aspiring insurance advisors, financial planners, and anyone interested in helping clients with life insurance, annuities, and risk-management solutions. If you enjoy working with people, offering financial guidance, and understanding insurance regulations, the LLQP certification is a strong step toward a professional licensing pathway.

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LLQP Last Week Results!

31

Customers Passed
IFSE Institute LLQP

95%

Average Score In Real
Exam At Testing Centre

86%

Questions came word by
word from this dump

Life License Qualification Program (LLQP) Questions and Answers

Questions 1

Kaamil meets with Omar, his insurance agent, to purchase a whole life insurance policy. Kaamil wants to name his wife Ofra as the irrevocable beneficiary of the policy. Before proceeding, which of the following considerations should Omar CORRECTLY ask his client to reflect on?

Options:

A.

Ofra will be able to make a cash withdrawal without Kaamil's consent.

B.

Ofra will be able to withdraw funds from Kaamil's cash surrender value.

C.

Kaamil can surrender the policy without obtaining Ofra's consent.

D.

Kaamil will need to obtain Ofra’s consent if he would like to revoke her as a beneficiary.

Questions 2

Last week, at a dinner party, Dario, an insurance agent, met Andrew, a successful businessperson with a net worth of over $10 million. Dario spent the evening following Andrew around, telling him how he could help him manage his finances. The day after the meeting, Dario sent a fruit basket to Andrew's office. Every day since, Dario has been calling and urging Andrew to meet with him and take advantage of his services and insurance products.

Which duties and obligations did Dario break?

Options:

A.

Duties and obligations towards the public

B.

Duties and obligations towards clients

C.

Duties and obligations towards other representatives, firms, independent partnerships, insurers and financial institutions

D.

Duties and obligations towards the profession

Questions 3

Cassie applies for a $100,000 renewable 10-year term insurance policy through Mason, her insurance of persons representative. A month later, when Mason meets with Cassie again to deliver her contract, Cassie says she had to have a biopsy the previous week for a persistent cough. Mason tells her not to worry because the policy is already accepted. He completes the policy delivery. Six months later, Mason receives a call from Cassie's boyfriend informing him that Cassie died of stage 4 throat cancer.

How will the insurance company handle the claim?

Options:

A.

No death benefit will be paid because Cassie died within 2 years of obtaining the policy.

B.

No death benefit will be paid because Mason did not inform the insurance company of the change in Cassie’s insurability.

C.

The death benefit will be paid because Cassie visited the doctor after filling out the application form.

D.

The death benefit will be paid although Mason was negligent for delivering the policy and he would be liable towards the insurer.

What our customers are saying

Ireland
Omari Keller
Dec 3, 2025

Excellent LLQP prep tool from Dumpspedia. The practice exams forced me to really understand concepts in Financial Planning and Underwriting. The format closely matched the official test, which helped tremendously and led to me passing with ease.

Canada
Lucas
Aug 26, 2025

For Canadian insurance, this dump is a must. It breaks down the dense material into digestible questions. Helped me pass all modules.