Practice Questions for LLQP Segregated Funds

Prepare for your LLQP Segregated Funds & Annuities exam with practice questions designed to help you apply what you've learned and identify areas that need more review. These LLQP segregated funds exam questions give you an opportunity to test your understanding of key concepts, become more comfortable with multiple-choice questions, and strengthen your ability to apply your knowledge to exam-style scenarios. With a collection of practice questions and randomized exams, you can reinforce your learning, work on areas where you're struggling, and build confidence as you prepare for exam day.


The practice questions cover key topics from the LLQP Segregated Funds & Annuities curriculum, helping you review the material you'll need to understand for the exam. Topics include investments and savings, investor profiles, segregated funds, annuities, CPP and company pension plans, segregated fund and annuity recommendations, segregated fund contracts, annuity contracts, and group plans. By working through questions across these subject areas, you can assess your understanding of the course material, recognize knowledge gaps, and focus your remaining study time on the topics that need the most attention.

Sample Questions for LLQP Segregated Funds Exam

Multiple Choice Questions

  1. Iona made the following contribution to her husband Tao's spousal RRSP. Tao withdrew $85,000 on August 12, 2022. In whose hands would be the withdrawal be taxed? She contributed $20,00 on the following dates: May 1st, 2018; August 19, 2019; August 2,2020; and January 10,2021.
    1. $45,000 would be taxed in Tao's hands, and the remaining $40,000 would be taxed in Iona's hands.
    2. $55,000 would be taxed in Tao's hands, and the remaining $30,000 would be taxed in Iona's hands.
    3. $60,000 would be taxed in Tao's hands, and the remaining $25,000 would be taxed in Iona's hands.
    4. The entire withdrawal would be taxed in Iona's hands.
  2. What type of pension plan is this? Employer must make minimum contribution -Non mandatory for Employees -no past service benefit
    1. OAS
    2. Defined benefit Pension Plan (DBPP)
    3. Defined Contribution Plan
    4. RRSP

How to Prep For The LLQP Segregated Funds Exam

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Course curriculum

  • 1

    Segregated Funds Practice Questions

    • [NEW] PNC Learning Mobile App

    • [NEW] Important Information about Sam the LLQP AI Tutor

    • [NEW] Sam the LLQP AI Tutor

    • Tutor Bot Survey

    • [NEW] Randomized Segregated Funds Practice Exam (35/200)

    • Additional Practice Questions

    • [BETA] Feedback for Sam

Instructor(s)

Lead LLQP Instructor

Professor Adam (Aizad) Ahmad, MBA, MSc, LLQP

Earning his MBA in the UK, Adam holds many professional designations in finance to include: CSC, BCO, IFIC, LLQP, PFP, CPH, Real Estate and more.  Starting his career working for large financial institutions like Sun Life, Edward Jones, Scotiabank, and others, Adam followed his passion for education and moved on to teach life insurance and other financial certifications at various colleges in Ontario.

Now at PNC Learning, Adam helps us with our instructional design and LLQP pre-licensing and CE training.

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