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The Canadian Life Insurance Course (LLQP)

The Life License Qualification Program is the course required to become a licensed life agent.

Exam Preparation for the Canadian Life Insurance Course(LLQP) is an invaluable study aid regardless of which of the certified content provider courses you may be taking.

Your knowledge of each course module is exhaustively reviewed as you work your way through hundreds of multiple-choice questions. All answers are supported with rationale from the text in order to provide a better understanding of the reasons for the correct answer. Plus, a 100-question Practice Exam further prepares you to write your Certification Exam.

For maximum effectiveness of the Exam Prep, we suggest their use in two ways:

  1. as the student completes study of each module of the actual course, or on completion of the corresponding module in the Study Notes for the Life License Qualification Program (LLQP)
  2. as a course review on completion of all modules

Exam Preparation for the Canadian Life Insurance Course (LLQP) will enhance your probability of exam success.

Sample Questions for The Canadian Life Insurance Course (LLQP)

  1. Which of the following statements is true?
  1. Speculative and pure risk share one common characteristic: they both offer no chance of gain.
  2. Pure risk is more relevant to insurance that speculative risk.
  3. Liability risk is another term used to describe those risks caused by the failure of others.
  4. The risk of premature death is the risk of death occurring before the tables of morbidity indicate death should occur.
  5. The risk profile for disability suggests the frequency of occurrence is high for long-term disability and low for short-term disability, and depending on the length of the disability, the severity of loss ranges from low to high.
  1. The price that an investor pays for a unit in a segregated fund is the value of that unit                                           .
  1. when the order is received
  2. on the day the order is made
  3. three business days following the order
  4. at the close of trading the next business day following the date of purchase
  5. when it is listed

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Exam Prep

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Study Notes and Exam Preparation Questions for Life License Qualification Program (LLQP)

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