Life Insurance – Continuing Education for Insurance Professionals

As an insurance agent, broker, underwriter or any other insurance professional, if you want to survive in the very competitive insurance industry, you will have to enhance your skill sets and at the same time improve upon your knowledge levels. This means that you will have to keep yourself up to date with the latest changes happening in the life insurance industry. You should be aware of the latest changes in the terms and conditions, policies and regulations. You must have a thorough knowledge of the various laws that govern insurance contracts.

It is quite difficult to keep up with all the changes that take place on a daily basis. This is precisely why you will have to enroll into online continuing education classes. By joining life insurance continuing education online you will be able to improve not only your knowledge levels but also your sales skills that are so very vital for the continued success of your business.

There are many people who prefer an online life insurance continuing education program to traditional classroom training. Since most people who join these courses are from the insurance industry itself, it is very difficult to provide the kind of time that is required for classroom training. This can impact their day to day business, especially insurance agents and insurance brokers and other sales professionals.

People enroll into online Life insurance CE programs because it is very convenient. In fact for most part time insurance agents and other full time insurance professionals, online education is a blessing in disguise. You can enjoy a wide range of benefits by enrolling into an online life insurance continuing education program. Given below are some of the benefits.

By enrolling online, you save a lot of time since there is no pressure of being at the venue on time. In fact, you can sit in the cool confines of your home and study for your insurance course.

Online education enables you to prepare better as there are a whole range of study material available online. There are many free books online related to your subject that you can browse through. This will help you in acquiring greater knowledge and skill.

An important aspect of online life insurance continuing education programs is that you do not have to pay anything unless you want to take an online exam. There are a wide range of online insurance courses available. Depending upon your interest you can enroll into life insurance, health insurance, property insurance, vehicle insurance, risk insurance, marine insurance, etc. You also have online courses on risk management, ethics, insurance marketing, safety and other industry related topics.

The best part of online insurance CE programs is that you can always access the latest versions related to the subject. You can study at your own convenience with no questions asked. This means that there is no pressure or competition breathing down your neck. You can relax and study with renewed vigor. Finally, life insurance continuing education programs online help in enhancing your knowledge base. This is because you can actually browse through different sites on the internet and acquire as much information as you want to.

Insurance Continuing Education – The Credits to Keep You Going

What courses can you take to continue your insurance education? Where are the best places to get these courses? Well, I am here to give a little information on continuing your insurance education in California. Insurance agents are required to keep themselves informed on their rules and regulations, because the landscape changes so frequently in the insurance industry. Some of the required courses in continuing your insurance education are Life and Health Courses, Life and Fire Casualty Courses, and Property and Casualty Courses.

One of the continuing insurance education courses that are under Life and Health category, which you are required to take is:

Annuities- which is when an insurance company pays out income benefits monthly for a person’s life or for the life of two or more people, or pays them money for a specified period of time. In order to complete this course for your continuing insurance education you will have to finish 7 credit hours, which also requires you to read the updated books and take the exam.

Now there are also other courses in other fields of continuing your insurance education such as:

Life and Fire Casualty Courses-

Disability Insurance Coverage: Which is just in case something ever happens to you such as illness, sickness, or you run into some type of accident. You know the guidelines the company must follow.

Property and Casualty Courses-

Homeowners Insurance: which is if anything were to happen to your home, you would have insurance to alleviate some of your losses.

Continuing your insurance education in these two courses is one of the most important in insurance because they are centered on the people and their everyday life. The requirements for disability insurance coverage are 11 credit hours, and taking an exam after you complete the reading process. The requirements for the homeowners insurance course is 8 credit hours, and to take the exam after you have done the reading process.

These are just some of the few courses you will have to take when you are continuing your insurance education.

Important Insurance Terms Explained

No matter what type of insurance you might be dealing with, there is bound to be terminology and concepts that you might not understand. Health and life insurance is no different. Here are some common terms that you should know when thinking about health insurance.

Primary Care Physician (PCP): Typically applies to members of a Health Maintenance Organization (HMO). The member chooses a physician who becomes the gatekeeper who regulates all health care decisions.

Referral Physician: Also known as a specialty physician, your PCP will refer you to another physician to handle specific aspects of your health. The referral system keeps members away from higher priced specialists unless it is truly necessary.

Copayments: A specific flat dollar amount that is paid by the member for a certain aspect of your health care. For example, you might pay $5, $10, or $25 for each office visit to your PCP.

Coinsurance: An agreement between you and your insurance company where both are expected to pay a certain portion of your medical expenses. For example, a policy that pays 80% of your medical expenses will pay $160 of a $200 bill; you are required to pay the remaining 20% ($40).

Deductible: The portion of your medical expenses that you are required to pay before your insurance company will begin payment. Deductibles are set by your insurance company and determined by your health status and premium amount, among other factors.

Out-of-pocket costs: A term that refers to your coinsurance, copayments, and deductibles. Some plans may set a max out-of-pocket, which becomes your safety net. Your deductibles, coinsurance and copayments will not exceed the max out-of-pocket limit in any given year.

Insurance Continuing Education Credits

The insurance continuing education credits are a measure of the professional qualifications in insurance field that an insurance professional has attained over a period of time. As an insurance professional it is the need of the hour in times of such uncertainties to be updated with the latest in the industry and insurance continuing education credits help you bloom as a professional with adequate certifications in your area of expertise. With cut throat competition in the insurance market, you have to stay ahead of competition by upgrading your knowledge base as well as sales pitch styles to generate maximum sales in order to earn substantial income.

Moreover as an insurance professional you should have the ability to deal with any type of insurance products especially those that deal with long term care such as life and health insurance products as they are hard to sell if not pitched properly to customers as the initial premiums involved in paying towards these policies is pretty much on the higher end. The major benefit of enrolling for online insurance continuing courses is to ensure that you get your credits, fast, easy without having to spend many hours going to a regular insurance school where you may have to invest huge sums of many.

The insurance continuing education credits help you reinstate your licenses or acquire new license for latest insurance products that may come into vogue. These professional certification programs set high standards for knowledge, conduct, skills, ethics and ensure that insurance professional are extremely well trained and suggest the right kind of products to clients to suit their needs.

This kind of education helps insurance advisors to maintain highest level of integrity and professionalism in dealing with clients which would in turn establish great trust and loyalty in the public. The insurance sector is extremely profitable one and hence there are more legal laws involved in governing the insurance products in order to avoid exploitation of resources. Therefore there are many multinational companies who deal with insurance and they are in need for experienced, highly skilled and knowledgeable insurance personnel who can sell insurance products confidently and competently and thereby grab a large portion of market share. In order to be best among the best the insurance continuing education courses train you to excel in a host of insurance products like life and health, risk, property and casualty. Earning insurance continuing education credits is easy as you can procure them online in the comfort of your home.

All you need to do is to study for stipulated number of hours as mandated by the available courses and give an online test to prove your mettle and knowledge. Once you clear the test, you will receive your credits within 10 days of writing the test. Each and every course in the online insurance continuing education is professionally designed by experts in the industry and you can earn insurance credits to refresh your knowledge base as well as satisfy your department of state insurance requirements in the most economical way.