What the LLQP exam involves
To sell life insurance in any province or territory outside Quebec, you must complete the Life Licence Qualification Program (LLQP). That means finishing an LLQP course with an approved course provider and then passing the provincial LLQP exam. You also need a sponsoring insurer and your provincial regulator's approval before you are licensed. In Ontario the regulator is the Financial Services Regulatory Authority of Ontario (FSRA), and Durham College administers the exam.
The exam is split into four modules, each written and marked on its own. You need 60% or more on every module. If you fail one, you only rewrite that module, not the whole exam.
| Module | Questions | Time |
|---|---|---|
| Life insurance | 35 | 75 minutes |
| Accident and sickness insurance | 35 | 75 minutes |
| Segregated funds and annuities | 35 | 75 minutes |
| Ethics and professional practice (common law) | 25 | 75 minutes |
Every question is multiple choice with four answers and only one correct answer. Each module includes 5 pilot questions that do not count toward your score, and there is no penalty for wrong answers, so never leave a question blank. The exam is open book in a controlled way: at an in-person sitting you get a tablet with the approved reference material, and you may not bring your own notes or manuals.
You can write all four modules on one day or spread them out. If you only want an accident and sickness licence, you write just the Accident and Sickness module and the Ethics module.
Ontario rules worth knowing before you book
- In person only. FSRA and Durham College stopped online LLQP exams in Ontario from July 1, 2026. Accommodations remain available.
- Rewrites. After a failed module you can write up to three supplemental exams, with at least 24 hours between attempts. If you fail the fourth attempt, you must wait one year and retake the prerequisite course.
- Time limits. Your course training stays valid for 12 months, which is the window for retaking any module you fail. In Ontario you then have one year from the date you first pass the exam to apply for your licence.
- Results. Marks are emailed about 7 business days after the exam.
What each module covers
The modules follow the LLQP curriculum published by the Canadian Insurance Services Regulatory Organizations (CISRO). The questions are scenario based: you are usually given a client situation and asked to recommend, calculate or spot a rule.
- Life insurance: assessing a client's situation and existing coverage, needs analysis calculations, term, whole life and universal life, riders, nonforfeiture options, underwriting, business uses and how life insurance is taxed.
- Accident and sickness insurance: disability income insurance (waiting and benefit periods, own and any occupation, residual and recurrent disability), critical illness, long-term care, group benefits and their tax treatment, government programs and the Ontario statutory conditions.
- Segregated funds and annuities: maturity and death benefit guarantees, resets, Fund Facts and rescission rights, annuity types and options, RRSPs, RRIFs, TFSAs and group retirement plans.
- Ethics and professional practice: contract law under the Insurance Act (formation, disclosure, grace periods, reinstatement, beneficiaries, creditor protection), an agent's duties and prohibited practices, licensing, errors and omissions insurance, continuing education, privacy and anti-money laundering rules.
How our practice exam is organized
Our question bank uses the same four modules as sections, so you can practise one module at a time. The mock exam is a mixed exam: 35 questions drawn from all four modules in 75 minutes, the same length and time as one real module. It is a good overall check, but the real exam scores each module separately, so also practise each section on its own until you are well above 60% in all four.
How to prepare
Work through your course and the reference material first, because the exam questions are written from it. Then use section practice to find your weak module. Do the calculations by hand every time (needs analysis, disability benefits, inflation and RRSP withholding) until they feel routine. Read every explanation, including on questions you get right, because many LLQP questions turn on one detail, such as a waiting period, a two-year rule or who the annuitant is.
The exam is open book, but there is not much time to look things up. With 75 minutes for 35 questions you have about two minutes each. Learn where things are in the reference material so you only check what you are unsure of.
Our questions follow the laws, regulator guidance and tax rules in force on the date shown below. Rules such as contribution limits and benefit amounts change, so your course material and your regulator have the final word.
Aptitude Tests Canada is an independent practice platform. We are not affiliated with or endorsed by CISRO, FSRA, Durham College, any provincial insurance regulator or the Government of Canada. Our questions are original practice questions written from public sources, not real exam questions.
Three worked examples
One question from different sections of the full pack, with the answer and explanation.
How do the premiums on a traditional whole life policy usually behave as the insured gets older?
- They rise every five years
- They rise each year with age
- They drop once the cash value builds
- They stay the same for life
Under the Ontario statutory conditions for accident and sickness insurance, within how many days after a claim arises must the claimant normally furnish proof of the claim?
- 30 days
- 60 days
- 90 days
- 120 days
What does the death benefit guarantee in an individual segregated fund contract provide?
- A guaranteed rate of return every year the contract stays in force
- Full repayment of all deposits on the contract's maturity date only
- A lump sum to the owner if the annuitant is diagnosed with an illness
- A minimum payout to the beneficiary at the annuitant's death