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The national first-time pass rate for the five Life License Qualification Program (LLQP) modules ranged from 69% to 78% for the 2024 calendar year, according to recent data from the Canadian Insurance Services Regulatory Organizations (CISRO).

For candidates who wrote the segregated funds and annuities module, 69% passed on their first attempt, down from 74% in 2023.

Over three-quarters (76%) of candidates passed the accident and sickness insurance module on their first go, and 72% passed the life insurance module.

Meanwhile, 78% passed the common law ethics module on their first try and 77% passed the civil code ethics module. This is compared to 79% and 66% in 2023, respectively. Candidates either take the civil code or common law ethics module, depending on whether they want to be licensed in Quebec or the rest of Canada.

Candidates trained by the Canadian Securities Institute had the highest first-time pass rate, ranging from 98% to 100% for about 400 candidates.

Those who used Advocis, IFSE/SeeWhy Learning, Learnedly and Oliver Publishing as course providers also performed well, with first-time pass rates at or above 80% across all modules.

On the flip side, candidates from Primerica performed poorly. The approximately 2,900 candidates trained by Primerica only had a first-time pass rate of 54% to 67%, which was an improvement from the 38% to 62% rate in 2023.

World Financial Group, using Oliver’s training material, also fared poorly with first-time pass rates between 61% and 72% across the five modules for about 8,000 students.

LLQP candidates have 75 minutes to answer 20 to 30 multiple-choice questions for each module, with a passing grade of 60%.