Personal Lines Insurance Career Opportunity

Mar 1, 2017 | News

Become a licensed Personal Lines Insurance Representative in just 7 weeks.

Looking for a new career in insurance? Earn while you learn! We have a new and unique fast-track 7-week training opportunity starting April 17, 2017. We are looking for candidates from Victoria and the Lower Mainland area of BC. Hosted by Intact Insurance, you will receive technical, product and sales training for a successful career as a Personal Lines Insurance Representative. With a good work ethic, by the end of training candidates will have their Insurance Level II designation, and a guaranteed job!

If you are a self-starter who is willing to give 100% to this amazing program, or know of someone who may be interested in applying to be a participant, please forward your cover letter and resume, along with two references, to:
dwalmsley@dlionline.ca

Only those candidates selected for an interview will be contacted.

Note: This program is only available for people NEW to the insurance industry. If you are currently working for a general insurance broker, this opportunity is not an option for you at this time.

What does a Personal Lines Insurance Representative Do?
Processes more intricate insurance contracts for clients related to residential homes and personal belongings, supervised by a more senior broker. These contracts often include items such as residential and recreational property, automobiles and motorcycles, boats and other personal pleasure craft, collections, musical instruments and jewelry.

CE for RRC/CR Holders

Feb 23, 2017 | News

Source: CIFP Retirement Institue https://www.retirementinstitute.ca

The Canadian Institute of Financial Planning (CIFP) Retirement Institute is the advancement of the retirement planning profession through the development of the body of knowledge in retirement planning. This is accomplished by providing educational programs that support the Registered Retirement Consultant® (“RRC®”)/Conseiller en Retraite® and Conseillère en Retraite® (“CR®”), certification marks and designations, subsequent continuing education courses and administering a Code of Conduct and Practice Standards.

In keeping with all professional designations, the Registered Retirement Consultant /Conseiller en Retraite and Conseillère en Retraite credential demands the highest standards of its holders.

To remain in good standing, an RRC/CR holder must earn a minimum of 10 (ten) qualified continuing education credits each year based on activities approved by the CIFP Retirement Institute.

Commencement of CE Requirements

CE requirements commence the calendar year following the year in which you obtain RRC/CR certification. A minimum of 10 qualified CE credits must be accumulated by December 31^st of each calendar year.

For example, if you obtain your RRC/CR designation at any point this calendar year, you will not have any CE requirements for the balance of this year. However, by December 31^st of next year, you will be required to complete a minimum of 10 approved continuing education credits to maintain your RRC/CR certification.

Eligible Continuing Education Activities

An eligible continuing education activity is one that furthers the development, professional skills and technical knowledge of the Registered Retirement Consultant/Conseiller en Retraite and Conseillère en Retraite.

The following courses are available as part of the ILScorp LIFE/A&S Subscription or the ILScorp FPSC Subscription and are eligible continuing education credits for the RRC/CR Designation:

1. Life Agent Development Course Retirement Planning = 3 CE
The information in this course is aimed to educate agents on retirement planning strategies.
In this course, we will look at sources of retirement income, types of funds and contracts and retirement planning processes under the following headings:
Sources of Retirement Income
Public Sector Plans: Canada Pension Plan and Old Age Security
Corporate Sponsored Plans
Registered Retirement Savings Plans
Personal Assets.
The Retirement Planning Process
Retirement Planning Checklists

2. Retirement, CPP/QPP and the Old Age Security = 2 CE
This course discusses the following:
Schedule of Contributions
How the Retirement Pension Is Calculated
Spouses Sharing CPP/QPP Retirement Pensions
Spouses Sharing Pensionable Earnings
The CPP/QPP Disability Pension
Pensions for Surviving Spouses
The Old Age Security Program (OAS)

3. Investment Management and Your Client – Part 1 = 2 CE
Introduce and explain the 3 types of investment instruments and their respective variations.
Explain the major types of investment-product opportunities, and to show the differences between investment saving and wealth accumulation as they relate to wealth accumulation.
Explain and illustrate the “Rule of 72”, as it relates to wealth accumulation.

4. Investment Management and Your Client – Part 2 = 2 CE
Explain, illustrate, and demonstrate the structure, form, and operations of the stock market, as it relates to financial & retirement planning and investing.
Demonstrate the differences between the major types of equity stocks.
To explain, illustrate, and demonstrate the 3 types of investment income received from investing in the stock market (interest, dividends, capital gains).
Allow the participants/clients to determine by completing a questionnaire, where they fit in on the ‘risk’ level (low, medium, high), and how the respective risk level affects their earning investment opportunities.
Explain, illustrate and demonstrate the concept of mutual funds as an investment devices
To understand the structure, form, and workings of mutual funds, and especially how they differ from segregated funds sold by insurance companies
To explain and demonstrate the various types of mutual fund administration fees (e.g. open-end funds, closed-end funds, and Management Fees {MER}), in order for the participants/clients to prudently select mutual fund companies that offer the lowest administrative costs
Explain inflation and demonstrate how it can affect investment
Describe the investment risk that changing interest rates can create.
To demonstrate the importance of diversifying investments

5. Rules for Converting a RRSP – Maturity Options – Part 1 = 2 CE
The choices persons have in what they do with their RRSPs, once they reach age 71
The important considerations those over age 71 must make in order to continue their retirement’s wealth accumulation
The tax implications involved regarding the maturity options that RRSPs holders choose
The advantages of ‘income-splitting’, concerning RRSP spouses
The differences between Term-Certain annuities and Life annuities and the advantages and disadvantages of both.
The important factors that affect which annuity may be beneficial for each individual.
The ideal time for an individual to purchase an annuity.
The implications involved regarding who benefits from remaining payments if the annuity holder dies.
FPSC Accreditaion Type: Financial Planning 2

6. Beyond RRSP’s – Maturity Options – Part 2 = 3CE
The advantages of purchasing an RRIF over other investment options
The different types of RRIFs that can be purchased and the advantages and disadvantages of each option.
How to plan which type of RRIF best suits your individual needs
The tax implications involved in withdrawing money from an RRIF.
The preferred maturity option that best suits an individual person’s financial criteria.
Foreign content rules and the advantages of investing in foreign content in regards to maturity options.
The tax implications involved regarding RRIFs.
The advantages of RRIFs over annuities.

7. Group RPPs and Disability Income Insurance = 3 CE
The Weekly Income Benefit
Long-Term Disability {LTD} Insurance
The Accidental Death and Dismemberment Benefit (AD & D)
Extended Health Care Benefits
Also, Contributions to Group Plans and the Registered Pension Plans {RPPs}

AND

Clean Slate for AB Level 3 Rewrites

Feb 14, 2017 | News

The Alberta General Insurance Council is pleased to announce the reset of the General Insurance Level 3 Exam aligning to a new Curriculum released late last year, effective Monday, March 6, 2017.

Anyone who previously wrote the Level 3 unsuccessfully, will be given a clean slate as it pertains to rewrite rules.

ABOUT ALBERTA GENERAL INSURANCE EXAMS

New applicants must obtain a CIPR # www.cipr.ca before they register for an examination.

Registration for examinations must be done online (only Visa and Master Card credit card payments accepted).

Examinations are held every Monday and Tuesday in the Calgary and Edmonton AIC offices. If Monday is a Statutory Holiday the examinations are held on Tuesday and Wednesday.

Applicants must arrive 15 minutes prior to the examination start time to allow for check-in and to avoid forfeiting your exam fee. Once the exam has started late arrivals will not be admitted into the exam room and are considered to have forfeited their exam fee.

Examinations are held in Medicine Hat, Lethbridge, Red Deer, Fort McMurray, and Grande Prairie. Complete details are available here.

Applicants from out of province wishing to write an examination in another province for Alberta must make examination arrangements by contacting us by email.

• Washroom breaks are not allowed during the course of any examination written in Alberta.
• If you have medical or other conditions which require special consideration, please inform us by email prior to registration. NO Exceptions to this requirement will be made at normal examination sittings.
• Cellular telephone, PDA’s and other electronic devices are not allowed in the examination room.
• Examination attempts are restricted to 3. After the third unsuccessful attempt a six month waiting period is imposed. This waiting period is then imposed after each additional attempt.

Examinations are scored using an optical reader. Results for the General Level 1, 2, 3 and Adjuster Level 1 examinations written in the Calgary and Edmonton AIC offices are available online within two days of the examination. Results will be delayed by shipping times if you wrote your examination in another centre. Results for the HLLQP examination could take up to 2 weeks during the transition period.

Launch Of New Insurance Diploma Program

Jan 24, 2017 | News

Press Release:

MISSISSAUGA, ON, Jan. 23, 2017

Starting in the spring of 2017, triOS College Business Technology Healthcare will be introducing a new Insurance diploma program and an Insurance Specialist diploma program.

This program is designed to address the huge need for individuals to replace a retiring workforce in the insurance industry, with a sole focus on property and casualty insurance. Graduates of this program will be able to pursue positions at insurance brokers, who play a key role in the communication between the carriers that provide insurance and the public who require it.

“Companies need people who have the specific skills that belong to their industry,” says Frank Gerencser, CEO of triOS Corporation. “The goal of this program is to give students all the insurance specific skills that they need, as well as the workplace expertise that will help them succeed.”

To create this program, triOS looked to industry leaders ILScorp, the largest online insurance training provider for the P&C industry in Canada. Under Ken MacRae, President and CEO of ILScorp, triOS Corporation has licensed their curriculum to embed it within their programs, ensuring that students obtain the highest standard training possible.

“There is a growing need in the insurance brokerage industry for new talent” says Ken MacRae, President and CEO of ILS Learning Corporation. “We are excited to partner with triOS to provide the training necessary for individuals to meet their provincial licensing requirements which enables them to access these exciting insurance career opportunities.”

This program includes a 2-month internship and preparation for the Registered Insurance Brokers of Ontario (RIBO) examination that will prepare graduates with the real-world experience they need for a career in the insurance industry.

Students interested in the new program are encouraged to contact triOS to schedule a free career training counselling session. International students who have previous education in insurance, and are looking to gain accreditation in Canada, are urged to contact the triOS Admissions Support Centre – International Department for more information on how to apply.