Pass the LLQP exam in the smart way!
Description
What is the LLQP Certification?
The LLQP course is a requirement to work as a life insurance agent in Canada. Once you pass the exam, you are eligible to be registered as an Insurance Advisor in an insurance brokerage. This course has four parts. You must pass all four parts to be registered. Then you can get registered with your provincial licensing agency as an insurance advisor.
Some firms hire candidates without the LLQP and you must pass it within 3-6 months. Others hire only qualified employees.
If you plan on only working in a retail bank in Canada, the CSC or IFIC exam is sufficient, you don’t need to do the LLQP. But if you want more job opportunities in the future, the LLQP is best. As part of financial planning, you can advise both insurance and investments to clients.
Can I work from home after passing the LLQP exam and getting hired?
Yes, some companies are providing online client appointments for investment advice. So it is possible to work from home.
Can I work in the back office after completing the LLQP?
If you don’t like sales or want to work in mutual funds, stocks and investment processing back-office, it is possible, the pay rate is 17-25 dollars/hr. You will assist a licensed financial advisor and manage the administration of the office.
What’s the pay rate for client-facing jobs with an LLQP certification?
In Canada, for an insurance advisor, most companies pay based on commission. Some pay salary plus commission. So it varies. If you don;t have meetings or help clients, then you may not make any money. If you do have at least 3 meetings in a week, you could end up with 4 sales a month, or around 4K per month. So on the low end, it could be 50K annually before taxes and deductions. On the high end, you may reach 100K with bonuses and performance incentives.
How do I enroll in the exam from a provider?
Visit the Canadian Securities Institute or other provisers websites for details.
Why should I enroll in your exam preparation course?
The topics in each chapter are explained in an easy-to-understand manner. You will save time and effort by reviewing the videos. You can study at your own pace. The price for the videos is much cheaper than hiring a tutor or attending a seminar.
What is covered in the LLQP Exam preparation course?
See the detail above. This course only covers the Life Insurance module. You must complete the other 3 courses to be eligible for registration.
See our other courses on LLQP on Udemy also!
We also have training courses on LLQP, CSC, IFIC, Microsoft, and Google products.
The following topics are covered in this course:
The first chapter describes the risk of death to a family or a business. Chapter 2 talks about term life insurance, which is a type of insurance that has an end date. Chapter 3 describes the whole life and term 100 types of permanent insurance. Chapter 4 talks about universal life, and investment products. Chapter 5 describes riders and the supplementary benefits of life insurance. Chapter 6 is a description of the group life insurance. Chapter 7 describes taxation issues in life insurance. Chapter 8 is business life insurance, Chapter 9 describes the process of applying for life insurance and how the insurance company evaluates it using the underwriting standards. Chapter 10 assesses the client’s situation. Chapter 11 describes how to undertake a needs analysis to determine the right type of insurance and chapter 12 has detail about ongoing service and the agent’s role.
The videos are narrated with PDF summary slides that describe the topics in an easy-to-understand manner. The reference book is 307 pages and has a lot of detail. This summary of the course focuses on the main aspects which are expected in the exam, as well as the knowledge which is required to provide clients with a high level of knowledge and experience.
Disclaimer:
The trade-marks AFP, BCO, CSI, LLQP, CPH, DFOL, FP1, FP2, FPSU, IFC, NEC, OLC, PFP, PFSA, WME, Wealth Management Essentials, Branch Compliance Officer, Canadian Securities Course, Conduct, and Practices Handbook Course, Investment Fund in Canada, New Entrants Course, Wealth Management Essentials, Personal Financial Services Advice Reading, Financial Planning 1, Financial Planning 2, Financial Planning Supplement, Applied Financial Planning, and Personal Financial Planner are owned by the Canadian Securities Institute (CSI). The Canadian Securities Institute (CSI) does not sponsor, license, or necessarily recommend these notes, videos, and study material for any of its courses. Dazia Consulting Inc. is an independent supplier of educational services. Exam preparation materials are not sponsored by any other industry organization.
Who this course is for:
- Enrolled in the LLQP exam in Canada
- Desire to learn about life insurance products
