- Investment and savings
- Segregated funds
- Annuities
- Investor profile
- Segregated fund and annuity recommendation
- Segregated fund contracts
- Annuity contracts
- Group retirement and investment plans
Note that only those who earned LLQP certificates can represent segregated funds in Canada. Some annuities are also an exclusive feature of life insurance. For those that aren’t, they can be accessed through banks and other financial institutions.
4. Ethics and professional practice
This course outlines the legal framework governing life insurance and your responsibilities as a professional. There are separate modules covering the common law in provinces and territories and the civil code in Québec. Most LLQP course providers offer a full Canada module for those who want to provide services across the country.
Both common law and civil code module contain four chapters:
Ethics and professional practice (common law)
- Legal framework governing insurance
- Insurance policy provisions
- Life insurance, accident and sickness insurance and annuity claims – payment of proceeds
- Rules and principles governing the activities of life insurance agents and accident and sickness insurance agents
Ethics and professional practice (Québec civil code)
- Sources of law governing insurance of persons
- Legal aspects of insurance of persons and group insurance of persons contracts
- Individual and group annuity contracts (including supplemental pension plans)
- Rules relating to the activities of representatives
By the course’s completion, you should be able to develop this core competency: “Develop an ethical professional practice in compliance with the rules governing the life insurance sector and insurance of persons sector (including group insurance of persons).”
Most LLQP courses are structured as online self-study programs. You can get the learning materials and resources through accredited course providers. The estimated study time for each module is 30 hours. But since the program is self-paced, the timeframe can vary depending on the student. However, you must complete the program, including all examinations, within a year of enrollment.
