LLQP Life case studies
LLQP Life · Put your knowledge to work in context.
The Life Insurance Qualification Program (LLQP) is the pre-qualification course students must pass before they are permitted to attempt provincial life insurance exams in Canada. It is the entry route for anyone who intends to sell life insurance or life-insurance-related savings products, and it also underpins the accident and sickness licence, which can later be topped up to a full life licence. Training is delivered as structured online courses rather than a single exam. The life insurance agent stream includes the accident and sickness module as a mandatory requirement, while a candidate who wants to sell only accident and sickness products can take that course alone. The LLQP Life case studies are 5 cases and about 3,236 words.
1The Replacement That Restarts the Clock
Robert, 61, has held a 250,000 whole life policy for 22 years. Cash surrender value is 68,000 and there is an outstanding policy loan of 22,000 bearing 6% interest.
622 words, about 3 min2The Hygienist Who Cut Back Her Hours
Priya, 34, is a self-employed dental hygienist earning 78,000. Two years ago she bought an individual disability policy: 4,500 a month, a 90-day elimination period, an own-occupation definition for the first 24 months and any-occupation thereafter, a five-year benefit period, and a residual disability rider.
625 words, about 3 min3The Guarantee That Shrinks
Walter, 74, holds 300,000 of deposits in a segregated fund contract inside his RRIF. The contract carries a 100% death benefit guarantee, a 75% maturity guarantee and a 10-year term; he is in year seven.
620 words, about 3 min4The Referral Fee and the New Companion
Agent Diane has referred mortgage clients to her spouse's brokerage for years and receives 500 for each funded mortgage. She has mentioned the arrangement to a few clients verbally; nothing is in writing.
630 words, about 3 min5Funding the Buy-Sell with Corporate Dollars
Suzanne, 45, and Tom, 52, each own 50% of a landscaping corporation. There is no buy-sell agreement.
739 words, about 4 min