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IFSE Institute LLQP Exam Questions

Exam Name: Life License Qualification Program (LLQP)
Exam Code: LLQP
Related Certification(s): IFSE Institute Life License Qualification Program Certification
Certification Provider: IFSE Institute
Actual Exam Duration: 75 minutes per module Minutes
Number of LLQP practice questions in our database: 298 (updated: Nov. 13, 2025)
Expected LLQP Exam Topics, as suggested by IFSE Institute :
  • Topic 1: Life Insurance: This section assesses the expertise of insurance professionals, including financial advisors and life insurance agents, in understanding the financial impact of death. It explains how life insurance helps address those financial needs and introduces various life insurance products, along with their features and benefits.
  • Topic 2: Accident and Sickness Insurance: Aimed at insurance professionals offering individual and group health insurance, this section emphasizes the importance of financial protection in the case of serious illness or injury.
  • Topic 3: Segregated Funds and Annuities: Targeted at investment advisors and financial planners, this section evaluates their understanding of saving and investment strategies, which are essential for retirement and financial planning.
  • Topic 4: Ethics and Professional Practice: This part of the exam focuses on the legal and ethical responsibilities of life insurance professionals. It outlines the legal framework for life insurance in common law provinces and territories and stresses the importance of maintaining professionalism.
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Man

3 days ago
Having passed the LLQP exam, I can say that the Pass4Success practice questions were instrumental. One question that stumped me was about the guarantees provided by segregated funds, especially concerning the reset option. I wasn't completely sure of my answer, but I passed nonetheless.
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Cassi

10 days ago
Passing the LLQP? PASS4SUCCESS practice exams were a game-changer for me. Tip: Manage your time wisely, and don't get bogged down on any one section.
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Tyisha

17 days ago
Passed the exam! There were several questions on estate planning with life insurance. Understand how policies can be used in estate preservation and liquidity.
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Carline

25 days ago
I successfully passed the LLQP exam, thanks to the Pass4Success practice questions. A challenging question involved the coverage specifics of accident and sickness insurance, particularly the coordination of benefits. I was unsure but still managed to get through.
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Naomi

1 month ago
The LLQP exam is now behind me, and the Pass4Success practice questions were a big part of my preparation. One question that puzzled me was about the ethical considerations in insurance sales, specifically regarding full disclosure. I hesitated but managed to pass.
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Johnson

1 month ago
Thanks to Pass4Success for the exam prep! Be ready for questions on insurance regulation. Know the key regulatory bodies and their roles.
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Rory

2 months ago
I recently passed the LLQP exam, and the practice questions from Pass4Success were crucial. A question that caught me off guard was about the tax treatment of life insurance policy dividends. I wasn't entirely confident in my answer, but I passed nonetheless.
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Leslie

2 months ago
LLQP exam? Nailed it! Pass4Success's practice questions were game-changers. Grateful for the time-efficient prep.
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Lawana

2 months ago
Having cleared the LLQP exam, I must say the Pass4Success practice questions were a great help. There was a question about the benefits of segregated funds, particularly the death benefit guarantee, which left me uncertain. However, I still managed to pass.
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Stephen

2 months ago
Just aced the LLQP! There were tricky questions on policy illustrations. Understand how to interpret them and their limitations.
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Yong

2 months ago
I passed the LLQP exam, and the practice questions from Pass4Success were invaluable. One question that I struggled with was about the waiting periods in accident and sickness insurance policies. I was unsure of the exact duration, but I still succeeded.
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Nettie

2 months ago
The exam had questions on insurable interest. Know who has it and how it affects policy ownership.
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Nickolas

2 months ago
Just got LLQP certified! Pass4Success's relevant questions made studying a breeze. Thank you for the efficient resource!
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Yuonne

4 months ago
Passed the LLQP! Thanks Pass4Success for the great prep. The exam tested on long-term care insurance. Understand the types of care covered and benefit triggers.
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Tamra

4 months ago
LLQP exam success! Pass4Success's materials were crucial for my quick preparation. Highly appreciate the help!
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Aleta

5 months ago
Be prepared for questions on critical illness insurance. Know the covered conditions and how benefits are paid out.
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Stephaine

5 months ago
Just got through the LLQP! The exam had several questions on policy replacement. Understand the rules and ethical considerations involved.
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Garry

5 months ago
Passed the LLQP exam with flying colors! Pass4Success's practice questions were spot-on. Thanks for the time-saver!
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Geoffrey

6 months ago
Passed thanks to Pass4Success! There were questions on insurance fraud. Know common types of fraud and prevention measures.
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Hillary

7 months ago
LLQP certification achieved! Pass4Success's relevant questions made all the difference. Grateful for the efficient prep.
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Dylan

7 months ago
The exam included questions on segregated funds. Understand their features and how they differ from mutual funds.
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Chan

7 months ago
Aced the LLQP! Be ready for questions on policy loans. Know how they work and their impact on cash values and death benefits.
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Beatriz

8 months ago
Successfully completed LLQP! Pass4Success practice questions were invaluable. Thank you for the focused study material.
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Desmond

8 months ago
Thanks Pass4Success for the comprehensive materials! The exam had several questions on underwriting processes. Understand how medical and lifestyle factors affect risk assessment.
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Jannette

8 months ago
Just passed! There were tricky questions on beneficiary designations. Know the rules for revocable vs. irrevocable beneficiaries.
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Annita

9 months ago
LLQP exam conquered! Pass4Success provided exactly what I needed for quick and effective preparation.
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Shannan

9 months ago
The exam tested on insurance company solvency. Understand key financial ratios and what they indicate about an insurer's health.
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Isidra

9 months ago
Passed the LLQP thanks to Pass4Success! Be prepared for questions on policy riders. Know common riders and their purposes.
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Mila

10 months ago
Passed LLQP on my first try! Pass4Success questions were key to my success. Thanks for the time-saving resource!
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Marge

10 months ago
The exam included case studies on needs analysis. Practice calculating insurance needs based on client scenarios.
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Garry

10 months ago
The LLQP exam is now behind me, and the Pass4Success practice questions were a key resource. A question that I found challenging involved the ethical responsibilities of an insurance advisor, specifically regarding confidentiality. I wasn't sure of my response, but I managed to pass.
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Rocco

10 months ago
Just aced the LLQP! There were several questions on group insurance. Understand the differences between group and individual policies.
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Pedro

10 months ago
LLQP certified! Pass4Success made it possible with their relevant practice exams. Couldn't have done it without them.
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Alonzo

11 months ago
Thanks Pass4Success for the prep materials! The exam had questions on tax implications of different insurance products. Know your tax-free vs. taxable benefits.
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Jackie

11 months ago
Having passed the LLQP exam, I can attest to the usefulness of Pass4Success practice questions. A question that I found difficult was about the differences between universal life insurance and whole life insurance, particularly in terms of premium flexibility. I was uncertain, but I still passed.
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Therese

11 months ago
The exam tested heavily on annuity products. Make sure you understand the differences between fixed, variable, and indexed annuities.
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Dortha

11 months ago
Aced the LLQP! Pass4Success questions were incredibly similar to the real thing. Grateful for the efficient study aid.
upvoted 0 times
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Hayley

11 months ago
I successfully passed the LLQP exam, thanks in part to the Pass4Success practice questions. One question that stumped me was about the guarantees provided by segregated funds, especially concerning the maturity guarantee. I wasn't completely sure of my answer, but I passed nonetheless.
upvoted 0 times
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Colby

12 months ago
Passed the LLQP! The ethics section was challenging. Study up on conflict of interest scenarios and disclosure requirements.
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Nelida

1 year ago
Passing the LLQP exam was a relief, and the practice questions from Pass4Success were a big part of my success. A challenging question involved the coverage specifics of accident and sickness insurance, particularly the exclusions for pre-existing conditions. I was unsure but still managed to get through.
upvoted 0 times
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Rory

1 year ago
Disability insurance was a big focus on my exam. Know the various definitions of disability and how they affect claim eligibility.
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Katina

1 year ago
LLQP exam done and dusted! Pass4Success materials were a lifesaver. Highly recommend for quick prep.
upvoted 0 times
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Reta

1 year ago
The LLQP exam is behind me now, and I owe a lot to the Pass4Success practice questions. One question that puzzled me was related to the ethical considerations when advising clients on insurance products. It asked about the importance of disclosing all potential conflicts of interest. I hesitated but managed to pass regardless.
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Lai

1 year ago
Thanks to Pass4Success for their great practice questions! The exam had several calculations on policy dividends. Brush up on your math skills for those.
upvoted 0 times
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Leonora

1 year ago
I recently cleared the LLQP exam, and the practice questions from Pass4Success were a great help. There was a tricky question on the exam about the various types of life insurance policies, specifically asking about the benefits of whole life insurance over term life. I wasn't entirely confident in my answer, but it all worked out in the end.
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Lino

1 year ago
Just passed the LLQP exam! Those questions on life insurance policy types were tricky. Make sure you understand the differences between term, whole life, and universal policies.
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Kiley

1 year ago
Just passed the LLQP exam! Thanks Pass4Success for the spot-on practice questions. Saved me so much time!
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Inocencia

1 year ago
Having just passed the LLQP exam, I can say that the Pass4Success practice questions were instrumental in my preparation. One question that caught me off guard was about the differences between deferred and immediate annuities. I was unsure about the tax implications of each, but thankfully, I managed to pass.
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Free IFSE Institute LLQP Exam Actual Questions

Note: Premium Questions for LLQP were last updated On Nov. 13, 2025 (see below)

Question #1

Six years ago, Gerard, aged 28, purchased a life insurance policy.

Gerard just got married to Tanya, and they both want to purchase more insurance. Reviewing Gerard's policy, Tanya notices that Gerard neglected to mention that he had migraines due to concussions suffered from playing football when he was a teenager. Gerard did not intentionally neglect to mention the migraines as the migraines were never an ongoing issue once he stopped playing football.

Which statement is true?

Reveal Solution Hide Solution
Correct Answer: A

Question #2

(Jorge meets with his new financial advisor. He brought a series of documents so that she can determine his investor profile.

Which of the following documents will not be helpful for determining Jorge's investor profile?)

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Correct Answer: D

Question #3

Claudie's mother has been the policyholder and beneficiary of an insurance policy on the life of Claudie since she was five years of age. Claudie is now the mother of a three-month-old boy. Claudie would like for Marc-Andr, her de facto spouse, to be the beneficiary of the policy. What steps need to be taken in order for this to happen?

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Correct Answer: A

Question #4

Arianna has been an insurance agent with Ideal Life for over 15 years, always working hard to grow her client base and keep her existing clients happy. Last week, she prepared an elaborate insurance plan for Raphael, a potential new client. But when they meet, Raphael tells her he wants a second opinion. Arianna tells him that she cannot allow him to show or discuss details of her work with a potential competitor. She explains it's wrong for another agent to benefit from her work and knowledge.

Which of the following standards of conduct did Arianna contravene?

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Correct Answer: C

Question #5

Josh is meeting with William, his financial advisor, to notify him of the death of his spouse, Linda, for whom he is the beneficiary. Josh is asking William what requirements are necessary for proof of claim on their life insurance policy. Which of the following documents/information are required by Josh to ensure that a proper claim is approved by the insurance company?

Reveal Solution Hide Solution
Correct Answer: D

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