Category Credits: 2 Practice Management Credits for FP Canada + 1 Professional Development Credit & 1 Business Conduct - Ethics Credits for MFDA

Licensed insurance advisors can provide the clients the right advice with reference to insurance products. Many investment planners are also dual licensed. Even when not licensed, financial advisors discuss retirement planning and estate planning aspects and insurance is a key tool.  

A general introduction to life insurance products, and which type of insurance product to advise in various situations. It is essential to advise the right product to meet the client needs, otherwise there will be compliance issues. If a permanent insurance is advised where a term policy is suitable, there may be compliance issues. Situations to use term insurance are provided. 

The compliance issues regarding outside activity, conflict of interest, and reportable outside activity are detailed. 

The various types of term insurance are reviewed, as well as terminology and features, and compliance issues. 

The cost aspects of term insurance are rationalized. An explanation of what are the different factors which affect term insurance pricing is provided.

The riders and options with term insurance are explained. These are the extra optional features which can be added onto the main policy.

Term insurance is recommended in various situations with an example of needs analysis. If needs analysis is not conducted when advising a term insurance, there may be compliance issues. 

Students must pass the final exam before a certificate will be issued.  

Sign up for the CE Subscription and get unlimited access to our FP Canada reviewed and approved CE courses.