How to Get Licensed as a Life Insurance Agent in Ontario

How to get licensed as a life insurance agent

Becoming a licensed life insurance agent in Ontario is a rewarding career path, but it requires careful planning and preparation. Here’s a detailed guide on how to navigate the licensing process, choose the right education provider, understand the courses required, and prepare for the examination.

Step-by-Step Licensing Process

  1. Choose an accredited HLLQP course provider: The Harmonized Life Licence Qualification Program (HLLQP) serves as the inaugural stride towards securing your life insurance license in Ontario. This course acts is mandatory and is completed when all certification exams have been passed.
  2. Pass the Provincial HLLQP exams: Following the culmination of the HLLQP course, you shall be required to triumph over the HLLQP licensing exams, proffered by Durham College (in Ontario). The exams entails an expenditure of $264, granting you attempts to complete all four exam modules. You have 1 year to complete these licensing exams following.
  3. Secure employment: Once you have passed the exam, you must secure gainful employment. Your insurance company or employer shall endorse your licensing application.

Education Providers and Courses

A plethora of education providers cater to life insurance licensing in Ontario. The regulator, FSRA, lists the on their website here. The HLLQP course covers four main modules; Life Insurance, Segregated Funds, Accident and Sickness and Ethics. The duration and cost of the course are contingent upon the chosen provider.

A full breakdown and review of each provider can be found here.

With the right mindset, you can successfully navigate the licensing process, paving the way for a gratifying career in the realm of life insurance!