LLQP - Life Licence Qualification Program

Before recommending a market-linked insurance investment, what should an agent assess?

A client must use most of their savings for a home purchase in six months. Which concern is most important before recommending a long-term insurance investment contract?

Why should fees be explained when comparing segregated fund options?

An agent recommends a product that pays a higher commission than another suitable option. What professional obligation is most relevant?

A client asks the agent to disclose the client's health information to an unrelated marketing company. What should the agent establish first?

An applicant asks whether passing the LLQP automatically authorizes insurance sales in every province. Which answer is accurate?

An agent is unsure whether a client can change an irrevocable beneficiary under a common-law policy. What is the best response?

A client signs an incomplete insurance application because the agent promises to fill in the health answers later. What should the agent do instead?

A policyowner complains that an important exclusion was never explained. What is the best professional response?

A life insurance agent receives a transaction that triggers a concern under the firm's anti-money-laundering procedures. What should the agent do?