💼 How Much Do Life Insurance Agents Make in Canada? The Truth About MGA Earnings
💼 How Much Do Life Insurance Agents Make in Canada? The Truth About MGA Earnings Are you thinking about becoming a life insurance agent in…
Discover the 14th Edition Mortgage Agent Course Textbook. Get expertly-crafted answers to chapter review questions, clarifying even complex ideas.
Discover the 15th Edition Mortgage Agent Course Textbook. Get expertly-crafted answers to chapter review questions, clarifying even complex ideas.
Review the case studies of Mortgage Agent Course Textbook. Get expertly-crafted answers to chapter review questions, clarifying even complex ideas.
Our private mortgage textbook resources are like your personalized toolkit for understanding mortgages. They break down complex stuff into easy explanations and real-life examples. These resources also keep you in the loop about the latest mortgage trends and rules. They’re not just answers – they help you think smart and get ready for the real mortgage world.
T2202A forms are issued to students who have paid $100.00 or more in eligible fees for qualifying courses beginning and ending in a particular calendar year.
In depth questions regarding the use of the T2202A form in the tax preparation process should be directed to Revenue Canada. Tax guides are available from any Revenue Canada office or a Post Office. Revenue Canada also publishes a booklet called “Students & Income Tax” – Government form P105(E).
Official receipts for income tax purposes covering tuition fees paid for qualifying courses taken during the preceding calendar year are available in late February. In accordance with Revenue Canada regulations, official receipts (T2202A Forms) are only issued for tuition fees totalling $100.00 or more. Materials and administrative fees are not eligible for tax deduction.
You have 3 hours to complete the exam.
The final exam consists of 50 multiple choice questions, many based on case studies that are designed to test your knowledge and understanding of the course material as required by the Financial Services Regulatory Authority of Ontario (FSRA).
If writing in person in the GTA you will have access to your final mark online the same day as you wrote your examination. If writing at a College or University we will typically advise you within 24 hours as we request that the College or University fax your exam to us immediately as well as courier your original exam to us. If writing online your results is typically available within 3 business days.
Once you have been notified that you have passed the course you will be required to log in to the online section of the course and complete our feedback. You will then be able to print your certificate of completion and save it electronically.
You must bring your photo ID (either a driver’s license or valid passport) and one additional piece of valid identification, , a pen or pencil and your calculator. No other aids are allowed during the exam.
💼 How Much Do Life Insurance Agents Make in Canada? The Truth About MGA Earnings Are you thinking about becoming a life insurance agent in…
Why Joining an MGA is a Smart Move for Canadian Insurance Agents Unlock More Support, More Products, and More Growth for Your Insurance Business by…
In today’s competitive mortgage and life insurance industries, dual licensing sets you apart by expanding your expertise and service offerings. Becoming both a mortgage agent…
TAKE THE 2 MINUTE CAREER QUIZ AND FIND OUT IF A
CAREER AS A LIFE INSURANCE AGENT IS RIGHT FOR YOU!
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Getting your license WITHIN 1 YEAR OF PASSING THE PROVINCIAL EXAMS. Your sponsoring life insurance company will apply for your license. The Financial Services Regulatory Authority sets the requirements in order to become licensed after completing the HLLQP course. Click here to view them all.
REMIC has relationships with dozens of life insurance companies that are looking to hire new agents (coming 2022) and can help with this process!
After passing the provincial HLLQP licensing examinations (formerly known as the LLQP) the life insurance company applies to the provincial regulator (FSRAin Ontario) for your license. You must apply for a license within 1 year of passing the provincial licensing exams OR YOU WILL HAVE TO RETAKE THE HLLQP COURSE.
A life insurance company hiring/sponsoring you is the next step in the licensing process. You can view Ontario’s licensing requirements here.
REMIC has relationships with dozens of life insurance companies that are looking to hire new agents (coming 2022) and can help with this process!
Rohan Singh has been a financial services executive in the Canadian life insurance and mutual fund industries for over 30 years. He has held several senior management positions with responsibility for insurance and investment product development, marketing, multi-channel distribution management, strategic business unit management, and corporate strategic planning. Prior to his retirement from ING Canada, he held the position of President and Director of ING Wealth Management Inc., a wholly owned subsidiary of ING Canada.
Rohan joined the Centre for Financial Services of Seneca College in the spring of 2008 and has been actively involved in raising awareness of Seneca’s Financial Services Practitioner program in the financial services industry. In addition, he teaches courses in marketing, life insurance, investment funds, and retirement planning at Seneca’s Faculty of Business and for other corporate clients.
Rohan holds a B.Sc. and Executive MBA from the University of Toronto. He has completed the Officers, Partners and Directors’ course of the Investment Funds institute of Canada, and holds the FLMI (Fellow of the Life Management Institute) and EPC (Elder Planning Counselor) designations.
You must pass the 4 provincial licensing exams (formerly known as the LLQP licensing exams) within 1 year of passing the HLLQP course. Passing the REMIC HLLQP course certifies you to write the provincial licensing course, which may be completed in-person or online. In Ontario Durham College administers the HLLQP licensing examinations.
This qualifies you to write the 4 provincial licensing exams. The course was previously called the Life License Qualification Program (LLQP course) but has been changed to the Harmonized Life License Qualification Program (HLLQP course). You can take the HLLQP course (formerly known as the LLQP course or LLQP program) online or in class.
Passing the course means passing the 4 HLLQP Online Certification Examinations that are PROCTORED online, with webcam and microphone required. These consist of Life Insurance, Ethics and professional practice, Accident and Sickness and Segregated Funds.
Each online examination consists of 30 multiple choice questions (except the Ethics and professional practice examination; it consists of 20 multiple choice questions). Passing the course requires scoring at least 60% per online examination. In addition students have 75 minutes to complete each exam.
To become a licensed as mortgage agent in Ontario your first step is to pass the REMIC Mortgage Agent Course for licensing (RMAC) that is approved by the Financial Services Regulatory Authority (FSRA). REMIC is also approved by Human Resources and Skills Development Canada (HRSDC) as an accredited educational institution. REMIC provides students a tax receipt (T2202A) for the REMIC Mortgage Agent Course (RMAC).