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Insurance and Risk Management

Guides and updates on Canadian licensing: LLQP, CIRO's proficiency model, CFP/QAFP and insurance careers, from BCC's instructors.

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15 articles

  • Accident & Sickness Insurance: LLQP Exam Guide

    Exam Prep

    Accident & Sickness Insurance: LLQP Exam Guide

    Introduction If you’re preparing for the Accident & Sickness Insurance Course and feel uncertain about the Accident & Sickness (A&S) module, you’re not alone. This guide is written for first-time exam writers, candidates rewriting the A&S exam, and career changers entering the Canadian insurance industry who want clarity before they

    17 min read
  • Don’t Know Which LLQP Module to Choose? Life, A&S, or Ethics Explained

    General

    Don’t Know Which LLQP Module to Choose? Life, A&S, or Ethics Explained

    Introduction One of the most common questions aspiring insurance advisors ask is: “Which LLQP module should I choose?” This confusion is understandable. The Life License Qualification Program offers different modules, and selecting the wrong one can waste your time, money, and effort. You might complete a module only to discover

    13 min read
  • Top 10 LLQP Exam Mistakes (And How to Avoid Them)

    Exam Prep

    Top 10 LLQP Exam Mistakes (And How to Avoid Them)

    Introduction You’ve studied for weeks, feel prepared, and walk into your LLQP exam with confidence. But then you see your results and realize you didn’t pass. Sound familiar? You’re not alone. Every year, countless candidates make avoidable LLQP exam mistakes that cost them time, money, and the confidence needed to

    11 min read
  • Best LLQP Course in Canada: What to Look For Before Enrolling

    Insurance and Risk Management

    Best LLQP Course in Canada: What to Look For Before Enrolling

    Introduction Choosing the right LLQP course is one of the most important decisions you’ll make at the start of your insurance career. Whether you’re searching for an insurance agent course in Alberta, Ontario, or anywhere else across Canada, the quality of your education directly impacts your success. Licensed insurance advisors

    24 min read
  • How to Pass the LLQP Provincial Exam on Your First Try

    Exam Prep

    How to Pass the LLQP Provincial Exam on Your First Try

    Passing the LLQP provincial exam is one of the most stressful and important steps in becoming a licensed life insurance agent in Canada. For many candidates, the pressure is real: fail the exam, and you lose time, money, and momentum. Pass it on the first try, and you fast-track your

    13 min read
  • How the Life Licence Qualification Program Benefits Insurance Agents

    Insurance and Risk Management

    How the Life Licence Qualification Program Benefits Insurance Agents

    Introduction The Life Licence Qualification Program (LLQP) is the mandatory licensing pathway for anyone who intends to sell life insurance and related financial products in Canada. It equips aspiring agents with the essential knowledge, regulatory understanding, and ethical foundations required to serve clients with confidence and professionalism. Beyond building a

    20 min read
  • How to become an insurance agent in Ontario

    Education and Designations

    How to become an insurance agent in Ontario

    Ontario’s life insurance industry is expanding. The life and health insurance sector in Ontario employs over 37,050 insurance agents. With an aging population, rising awareness of personal finance, and ongoing labour shortages in financial services, becoming a life insurance agent has never been more accessible—or more promising. The career offers

    33 min read
  • Education and Designations

    Changes to Life Insurance and A&S CE Credits in Alberta

    In the past, Business Career College has offered financial services and insurance professionals in Alberta the ability to earn 15 continuing Education (CE) credits for Life Insurance and A&S by attending 2-day in-person classes. In early 2021, the Alberta Accreditation Committee revisited their standards for what constitutes good continuing education

    2 min read
  • Education and Designations

    What are Long-term Career Options for Life Insurance Agents?

    A career as an insurance agent can be quite rewarding. Selling life insurance, for instance, is a great way to break into the insurance industry, as even novice life insurance agents can make significant income within their first year of employment. The LLQP course offered through Business Career College is

    4 min read
  • Insurance and Risk Management

    5 Tips for Building a Successful Career in the Life Insurance Industry

    Building a successful career in life insurance is not easy. It takes dedication, commitment, and tenacity. After you’ve completed a program like the Life Insurance Qualification Program (LLQP) that we offer at BCC and obtain your license by completing the provincial licensing exam in your jurisdiction and obtaining your license,

    4 min read
  • Insurance and Risk Management

    What is the Jensen, Sharpe, and Treynor ratios?

    CERTIFIED FINANCIAL PLANNER® (CFP) professionals and QUALIFIED ASSOCIATE FINANCIAL PLANNER™ (QAFP) professionals are expected to understand how to properly advise their clients on investments, including risk-adjusted returns. A risk-adjusted return is the calculation of profit (the return) that an investment could make while considering the degree of risk that the

    5 min read
  • Insurance and Risk Management

    May 2020 Newsletter: The Sharpe Ratio, and Why Does a Financial Planner Care?

    Since the fall of 2019, BCC’s financial planning Core Curriculum classes have adjusted to include all content from the FP Canada Institute™ Financial Planning Body of Knowledge (FP-BoK). The FP-BoK is a robust attempt to describe all the technical knowledge required of a financial planning professional. The FP-BoK includes the

    3 min read
  • Insurance and Risk Management

    January 2020 Newsletter: Regulation of Insurance Contracts

    Some of you may have picked up on this notice from the law firm Norton Rose Fulbright back in November of 2019: https://www.nortonrosefulbright.com/en-ca/knowledge/publications/33cf038b/prohibition-on-gifts-of-life-insurance-policies-to-charities-in-british-columbia-by-bc-residents. While I haven’t seen the source document, it refers to correspondence by the BC Financial Services Authority (BCFSA) concerning charitable donations of life insurance and trafficking provisions in the Insurance Act.

    3 min read
  • Insurance and Risk Management

    May 2019 Newsletter Article: Employment Insurance for Self-Employed

    Living in Alberta, I saw much discussion of child care leading up to this most recent election. Last year, when the 2018 Budget introduced adverse consequences of building up too much passive income within a corporation, many commentators pointed out that this would hurt prospective parents who might build up

    5 min read

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