Life & Health
What are the basic characteristics, provisions, and
riders found in most life, health, and retirement contracts? Learn how to
target these financial products to meet your client’s personal and business
needs.
In the CIC Life and Health course, you will learn practical
information related to Life and Annuity Policies, Business Life Concepts,
Health Insurance, and Employee Benefits. Leave the class with information that
you can put to use immediately.
Updated and revised 2-Day course.
Life and Annuity Policies (6 Hours)
Learn the general uses and legal elements of life insurance
policies and annuities. This class helps you understand the components of term
insurance, universal life, whole life, and the classifications, types, and
provisions of annuities. You will also examine how the application of these
products, used with additional financial planning tools, can help clients and
prospects meet their personal financial goals.
Business and Life Concepts (2 Hours)
Learn the issues involving employer-owned life insurance and
the proper application of life insurance to key person business exposure. The
information provided in this course helps you understand these and other issues
facing business owners, including executive bonus programs used as an
employer-provided benefit and development of a business succession plan. You
will also learn the basics of buy-sell agreements and funding methods and
structure of life insurance ownership to provide counsel as part of the
business owner’s planning team.
Health Insurance and Employee Benefits Concepts (8 Hours)
What are the benefits afforded by the Affordable Care Act
(ACA) and how do ACA-compliant and non-compliant medical health plans differ?
Learn about these differences, as well as the value of consumer-driven,
tax-advantaged accounts, including FSA, HSA, and HRA. Understand when to use
Medicare, Medicare Supplements, and Medicaid to meet clients’ needs.
You will also understand the meaning of long-term care and
how it differs from acute and rehabilitation care. The information in this
course helps you understand the special challenges brought on by long-term care
exposures, as well as innovative products that address those exposures,
including state Long-Term Care Insurance Partnership Programs.
Finally, you will examine possible sources of income
replacement in the event of disability. Analyze the benefits of individual
disability income contracts within various occupations and industries as well
as the use and benefits of a Business Overhead Expense Disability Policy.
This designation is recommended for:
• Licensed agents, brokers, and adjusters
• Insurance professionals with at least two years of full-time insurance or risk management experience
• Full-time insurance faculty members who have taught for at least two years at an accredited college or university
Earning the Designation
You must successfully complete five CIC courses and pass five exams within five calendar years. To earn the designation, participants must score 70% or better on the two-hour, essay style exam.