LLQP Segregated Funds & Annuities FAQ — Licensing, Exam Structure, and Prep

Is LLQP required to sell segregated funds and annuities in Canada?

In many provinces/territories, completing LLQP and passing the relevant exam(s) is part of the licensing pathway. Requirements vary—confirm with your provincial/territorial regulator.

What does the Segregated Funds & Annuities module focus on?

Four competencies:

1. assess needs and situation
2. analyze product options
3. implement a recommendation
4. provide customer service over the coverage lifecycle

Is the CSI LLQP Insurance Course exam the same as the provincial licensing exam?

No. The CSI LLQP Insurance Course exam/credits page describes CSI’s course assessments (for example, a 100‑question / 3‑hour proctored exam). Provincial licensing exams are typically separate modular exams administered under your regulator’s rules by an approved exam provider.

Source: https://www.csi.ca/en/learning/courses/llqp/exam-credits

How many questions and how long is the Segregated Funds & Annuities licensing exam?

It depends on province/exam provider. As an official example, BC’s Harmonized LLQP guide states that each exam module is 75 minutes, and the Segregated Funds & Annuities module contains 35 questions (scored out of 30 points, with 5 pilot/unscored questions). BC also states a passing mark of 60% or higher.

Sources: https://www.insurancecouncilofbc.com/Website/media/Shared/LLQP/Documents/LLQP-Examinee-Information-Guide.pdf and https://www.insurancecouncilofbc.com/Website/media/Shared/LLQP/Documents/LLQP-Examination-Administration-Policy.pdf

What is the fastest way to improve on this module?

• Always identify the client’s time horizon and liquidity needs first.
• Learn the “product job” framing: growth vs protection vs income vs estate intent.
• Use the Syllabus as a checklist and drill weak objectives.

✅ Next: open the Study Plan or start a drill via Practice.