Last Updated: Aug 28, 2026
No. of Questions: 330 Questions & Answers with Testing Engine
Download Limit: Unlimited
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Some candidates print their study material; others prefer to drill on a laptop or a phone between meetings. That is why Actual4Cert offers the IFSE Institute Life License Qualification Program (LLQP) (LLQP) preparation package as a printable PDF, a desktop test engine, and an online test engine, so your routine decides the format, not the other way around.
| Certification Vendor: | IFSE Institute |
|---|---|
| Exam Name: | Life License Qualification Program (LLQP) Modular Exams |
| Exam Number: | LLQP |
| Exam Duration: | 75 per module |
| Certificate Validity Period: | 1 year from completion |
| Exam Format: | Online proctored, Multiple-choice, Computer-based |
| Available Languages: | English, French |
| Exam Price: | $12.50 USD per attempt |
| Passing Score: | 60% per module |
| Real Exam Qty: | 20–30 per module |
| Recommended Training: | IFSE LLQP Official Course |
| Exam Registration: | IFSE Institute Exam Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored via IFSE eTest platform; available 24/7 |
| Pre Condition: | No formal prerequisites; must complete approved LLQP course before exams |
| Official Syllabus URL: | https://www.ifse.ca/courselist/life-license-qualification-program-llqp/ |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Life Insurance | 25% | - Policy features, riders and contracts - Principles and purpose of life insurance - Types of life insurance products - Needs analysis and underwriting |
| Topic 2: Segregated Funds and Annuities | 25% | - Taxation and estate considerations - Features and benefits of segregated funds - Types of annuities - Retirement and investment planning |
| Topic 3: Accident and Sickness Insurance | 25% | - Critical illness and long-term care - Disability insurance - Extended health and dental coverage - Group insurance plans |
| Topic 4: Ethics and Professional Practice | 25% | - Legal and regulatory framework - Provincial licensing rules - Compliance and disclosure requirements - Ethical responsibilities and conduct |
The IFSE Institute Life License Qualification Program (LLQP) exam is the official IFSE Institute assessment behind the Life License Qualification Program (LLQP) credential, which sits at the Professional level. Passing it confirms that your skills meet the vendor's current requirements rather than a textbook outline.
According to the official exam information, the IFSE Institute Life License Qualification Program (LLQP) exam includes 20–30 per module questions and gives you 75 per module to complete them. Treat that as a pacing exercise, not just a knowledge check: bank the questions you know first, flag the ones that stall you, and circle back instead of burning minutes on a single item. Before test day, run at least one full timed session in the Actual4Cert desktop or online test engine, so the clock never feels unfamiliar when it counts.
To pass the IFSE Institute Life License Qualification Program (LLQP) exam you need 60% per module, and the official registration fee is $12.50 USD per attempt. Keep one thing in mind: a failed attempt is not discounted, so retaking the exam means paying $12.50 USD per attempt again in full. A practical safeguard is to sit a complete Actual4Cert practice test a week or two before your exam date; if your timed scores are not sitting comfortably above the passing mark, consider pushing your booking back and drilling the weak domains first.
The official prerequisites for the IFSE Institute Life License Qualification Program (LLQP) exam are as follows: No formal prerequisites; must complete approved LLQP course before exams. Requirements can change over time, so confirm the details on the official IFSE Institute exam page at https://www.ifse.ca/courselist/life-license-qualification-program-llqp/ before you book your seat.
You can register through the official channels listed below:
Exam delivery: Online proctored via IFSE eTest platform; available 24/7.
IFSE Institute points candidates toward the following official training options:
Official training builds the theory; the 330 practice questions from Actual4Cert show you how that theory appears in exam-style items, which is where most study plans actually pay off.
Yes. A free PDF demo of the IFSE Institute Life License Qualification Program (LLQP) practice questions is available on the Actual4Cert samples page, so you can check the question style and difficulty before spending anything. Every purchase also includes 365 days of free updates, and if your product expires after that period, you can extend the update service from your member zone at 50% off.
If you take the LLQP exam within 60 days of your purchase and do not pass, Actual4Cert offers a 100% money-back guarantee: send a scanned copy of your exam enrollment slip together with the official Score Report PDF within two days of your exam date, and the refund is processed within seven days. The candidate name must match the payer name, and the guarantee does not apply to exams taken within three days of purchase, to material that was downloaded without the exam actually being taken, or to free materials and expired orders. Prefer to keep studying instead? You can exchange your purchase for two additional exam products of equal value, free of charge, while keeping the update service on your original product. Delivery itself is instant: the download link is emailed within one minute of payment, and if nothing arrives within two hours, our support team will sort it out. There is no limit on how many computers you install the material on.
The IFSE Institute Life License Qualification Program (LLQP) syllabus is organized into 4 domains. The leading areas include Life Insurance (25%), Segregated Funds and Annuities (25%), and Ethics and Professional Practice (25%). For the complete, topic-by-topic breakdown, scroll up to the Exam Topics section above.
Question 1
Francis owns a $250,000 insurance policy with an accidental death and dismemberment (AD&D) rider.
Francis calls his insurance agent Andrew to inform him that he permanently lost the use of his right hand. He explains to Andrew that his brother shot him when he broke into his brother's house to recover a gold watch that was rightfully his. Francis wants to know how much he will receive from his AD&D rider.
A. Francis will receive a benefit of $250,000.
B. Francis will not receive any benefit.
C. Francis will receive a benefit of $187,500.
D. Francis will receive a benefit of $165,000.
Question 2
Paula is a business owner and likes to make important decisions herself. Her business is very successful and she has lots of disposable income. She has a self-direct investment account where she chooses the investment herself. However, despite doing some researches on investment, her own portfolio ends up with major losses.
She just gave birth to a new born baby and would like to have some life insurance coverage for her children's expense in the event of her death. She wants a plan that can provide additional coverage over time and allows her to cover the effect of inflation as well, as she has lost confidence on making investment decisions.
What insurance plan can fit Paula's need?
A. Whole life with PUA rider
B. Whole life with GIB rider
C. Universal life with YRT with maximum funding option
D. Universal life with LCOI with minimum funding option
Question 3
Constantin is a 47-year-old marketing manager earning an annual salary of $175,000, who, together with his husband, recently purchased a house. A few years ago, Constantin was terminated from his previous position, and it took him two years to find similar employment in his field. The prolonged lack of income caused him to accumulate substantial debt. Today, after several years of sensible budgeting, the only debt remaining is his mortgage. He purchased disability and life insurance on the mortgage at the bank.
Given this information, what is Constantin's greatest financial risk?
A. Lower standard of living.
B. Debt.
C. Loss of income.
D. Unexpected expenses.
Question 4
Frankie is a newly licensed insurance of persons agent who meets with Walter, her father's friend since college. Walter is in his late forties, and he mentions that he would like to purchase a life insurance policy and start planning for his retirement. Frankie has never sold a segregated fund before. Not wanting to disclose her inexperience, she clumsily fills out the application form to invest in segregated funds. Which responsibility did Frankie breach?
A. Product suitability
B. Competence
C. Disclosure
D. Integrity
Question 5
Levi is a newly licensed financial security advisor in Quebec City, meeting with Mason, the compliance officer at Yes Insurance Inc. Mason stresses the importance of being professional and complying with the code of ethics. Levi asks who enacted the code of ethics.
Which of the following is Mason's CORRECT response?
A. Canadian Council of Insurance Regulators (CCIR).
B. Canadian Insurance Services Regulatory Organizations (CISRO).
C. Autorite des marches financiers (AMF).
D. Chambre de la securite financiere (CSF).
Solutions:
| Question 1 Answer: B | Question 2 Answer: A | Question 3 Answer: C | Question 4 Answer: B | Question 5 Answer: D |
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