LLQP Exam Canada: Format, Pass Rate, and How to Pass First Try
LLQP Exam Overview
The LLQP exam in Canada is four module exams, each 75 minutes long, multiple choice plus short case studies, with a 75% pass mark per module. About 60–70% of candidates pass each module on the first try. Active recall plus a timed mock exam are the two strongest predictors of first-attempt pass.
The LLQP Exam in Canada
The LLQP exam in Canada is not one big test, it is four module exams written separately. Each one is 75 minutes long, multiple choice with some case-study questions, and you must score 75% to pass that module. You can pass three and fail one, and only retake the failed module. The exam is administered in approved exam centres or online with virtual proctoring, depending on your province. Total time to write all four is roughly five hours, but most candidates spread the four exams across two visits to reduce fatigue.
Exam format at a glance
| Element | Detail | Notes |
| Number of module exams | 4 | All required for full licence |
| Time per module | 75 minutes | Includes case studies |
| Total time, all 4 | 5 hours | Usually split across 1–2 sittings |
| Pass mark | 75% per module | Each module pass/fail independent |
| Question format | MCQ + case studies | 4 answer options, one correct |
| Retake wait period | 30 days typical | Confirm with your provincial regulator |
| Maximum attempts | 3 per module | After 3, re-enrol in course |
Pass rates (the honest version)
CISRO does not publish a single official national pass rate. Provincial regulators report figures privately, and the rates differ by module and by year. The realistic ranges across the four modules in recent years:
- Module 1 (Life Insurance): 65% – 75% first-attempt pass
- Module 2 (Accident & Sickness): 60% – 70% first-attempt pass
- Module 3 (Segregated Funds & Annuities): 55% – 65% first-attempt pass (the hardest module)
- Module 4 (Ethics & Professional Practice): 60% – 70% first-attempt pass (often underestimated)
Candidates who do at least two timed mock exams and use active recall instead of re-reading pass at materially higher rates, often above 80% on the first attempt.
How to pass the LLQP on the first attempt
1. Stop re-reading the textbook
Re-reading feels like studying but creates very little learning. Replace it with active recall: read once, then close the book and write out everything you remember about that section. Compare. Repeat what you missed.
2. Practice questions, with explanations
Aim for 600 to 1,000 practice questions across the four modules over the study period. Read the explanation on every question, including the ones you got right, sometimes you guessed correctly.
3. Two full timed mock exams, minimum
Sit one mock exam two weeks before your real exam date. Sit a second mock exam three days before. Both must be timed, both must be done without notes, and you must score them honestly.
4. Master Module 3 first, not last
Segregated funds and annuities trip up more candidates than any other module. Build a one-page summary sheet of guarantees (75/75, 75/100, 100/100), tax treatments, and beneficiary rules. Carry it everywhere for two weeks.
5. Treat Module 4 like a real subject
Ethics & Compliance is not common sense, it is regulatory law. Memorise the duties of an advisor, the needs-based sales framework, and the conflict-of-interest rules. The scenario questions are written to trap candidates who rely on instinct.
What to bring on exam day
- Two pieces of valid Canadian ID: at least one with photo (driver’s licence, passport, PR card)
- Your CISRO/provincial confirmation email with the booking reference
- A simple, non-programmable calculator (most centres provide one; bring your own anyway)
- Water and a snack for the break between modules if you are writing more than one in a day
- Arrive 30 minutes early. Late arrival usually means no exam and no refund.
If you failed a module
Failing one module is not the end. Roughly a third of candidates retake at least one module. The wait period is typically 30 days. The retake fee is the same as the original ($120–$180 depending on province). Identify whether you failed because you didn’t know the content, or because you ran out of time. The fix is different depending on what went wrong, read our helpful “What to do if I fail?” guide here → Read Guide.
Your FAQs, Our Honest Answers
The common questions every LLQP candidate asks first.
Your Next Steps
Continue exploring the resources below to compare courses, understand the exam, meet your provincial licensing requirements, and start your new career with confidence.