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Attention: This course is not approved for State reported continuing education credits.
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Designated participants are only allowed to register for this course.
This Online MEGA is allowed only for CIC, CRM and CPRM Dues Paid designees.
To earn designation update credit in this course, you MUST have paid your annual dues. Please click the link to Pay your Dues
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In the case of multiple licenses, please enter your resident state license information as CE credit will only be processed for one state. Modifications to your CE request may be made up until the last day of the course through the My Courses tab in your PROfile. Certain states have rules regarding repetition of courses, please review those requirements prior to requesting CE credits.
The State of Nevada has only approved this course for 3 credits of Property & Casualty and 3 credits of Ethics.
IMPORTANT: If you have previously taken this course it is imperative that you review the repetition rules established by your State Department of Insurance as some states do not allow a course to be repeated within a certain period of time.
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State CE Approved in AZ, CA, CO, DE, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, NC, NE, NJ, NY, OH, OK, OR, PA, PR, SC, TN, TX, UT, WA, WI
OVERVIEW AND TOPICS
Business Uses of Life Insurance
Upon completing this one-hour course, agents will be able to recognize situations where the following can help meeting planning needs: key person insurance, buy-sell agreements, life insurance as a cash accumulation vehicle, life insurance used as security for loans and lines of credit, and employer-sponsored life insurance. Through examples, they will demonstrate how each of these work, including key person insurance, cross-purchase agreements, entity purchase agreements, hybrid buy-sell agreements, life insurance LLCs, life insurance as a cash accumulation vehicle, life insurance as security for loans and lines of credit, group life insurance, and life insurance used for executive compensation.
