Common

LLQP

Canada licensing regime for life insurance sales people

LLQP

Common card · No. 484212

LLQP (Life Licence Qualification Program) is part of the Canadian licensing regime for life insurance sales people. Before an advisor in the financial services sector is allowed to begin selling life insurance products, they must complete and pass LLQP, and earn a certificate of completion. Once the certification exam is completed, and criminal records checks are submitted, applicants may apply to their provincial insurance council to write the licensing exam. Once the provincial exam is completed and passed, the applicant may complete the requirements to apply for a licence to sell life insurance, accident and sickness products, and life insurance related investment products like Segregated funds and annuities. The LLQP exam certificate is valid in all provinces and territories except Quebec, which uses a separate system altogether. LLQP is an entry-level program. In order to become eligible to work for many companies, such as Freedom 55 and Sun Life, a candidate must first complete...

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