If you are considering a career in life insurance, obtaining the HLLQP (Harmonized Life License Qualification Program) license is the first step. In this article, we will answer the most common questions potential students might have about the HLLQP course.
1. How do I become a licensed insurance agent?
There are 4 steps to getting a life insurance agent license in Ontario:
- Complete the HLLQP Course – This qualifies you to write the 4 provincial licensing exams. Learn more about the course here.
- Pass the Provincial Exams – The exams are conducted in the same format as the certification exams.
- Get Sponsored – Many brokerages are looking for motivated new life agents. Use the free REMIC Job Bank.
- Get Licensed – The life insurance company will apply to the regulator.
2. What are the costs to get started?
Depending on your province, the costs to become a life insurance agent can vary. Typically, starting your new career should cost you approximately $1,000 to $1,500. Learn more here.
3. How fast can I complete the HLLQP course and licensing exams?
The HLLQP can be completed in as little as one week (2-3 weeks is more common). The licensing exams can all be done in one day. Therefore, the HLLQP and the licensing exams can be completed in as little as 3-4 weeks from initial registration.
4. Are there many companies hiring life insurance agents?
The industry needs new advisors as existing agents approach retirement age! This means there are currently many companies seeking new agents. We recommend using the free REMIC Job Bank here, where dozens of companies are looking for new agents.
5. How much can I earn as an insurance agent?
According to 2023 data, the average annual income for a life insurance agent in Canada is around $50,000 to $70,000. However, experienced agents with a large client base can earn significantly more, up to $100,000 and higher. Life insurance agents are paid a commission by the insurance provider, based on a percentage of the policy premium. Therefore, your earning potential is only limited by the number of deals you close. Becoming a life insurance agent is a relatively low-cost entry into the industry while offering the potential to earn a six-figure income much faster compared to other careers with similar income potential.
6. What course formats does REMIC offer for HLLQP?
REMIC offers several formats for the HLLQP courses, allowing you to choose the most convenient option:
Online Course Work at your own pace and complete the course fully online with up to 1 year of access. Includes self-paced online study, direct messaging with an instructor, online exam prep, and all online resources.
Live Webcast Choose between a 5-day Mon-Fri class or a 2-weekend mixed mode class. Includes live, scheduled webinar classes, live interaction with your instructor, live online exam prep sessions, and all online resources.
7. Why choose REMIC for the HLLQP course?
- 93% Pass Rate: In the last two years, approximately 93% of REMIC students have passed the licensing exams!
- Fanatical Service: All of our support team members are subject matter experts and are empowered to make decisions on your behalf right away!
- 50% Tuition Rebate:Thanks to the Canadian federal government Canada Tax Credit (CTC). Learn more here
- Regulator Approved: Approved by national and provincial regulators, including FSRA, CISRO, CIPR, HRSDC.
Special Summer Discount on Life Insurance Course!
This summer, grab a special discount on our Life Insurance course!
Use promo code: HLLQP_2024 and get $50 OFF.
At REMIC, we offer flexible learning options, including self-paced study and live webinars. Join the next generation of life insurance consultants.
Follow the link https://remic.ca/hllqp/ and use the promo code for $50 off.
Conclusion
Obtaining the HLLQP license is an important step towards a successful career in life insurance. REMIC offers the best life insurance courses to help you achieve your career goals. Whether you are looking for courses to get licensed as an insurance agent or want to receive life insurance training in Canada, REMIC provides quality education and support.
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