-
You will get 2 Credit Hours.
-
This course has 11490 Words.
-
This course has a 6 Question Quiz.
-
Accredited for Life insurance sellers.
COURSE SUMMARY:
SimplyCE’s "2025 Individual Variable Life Insurance" covers the principles, structure, and benefits of variable life insurance policies. It explores how these policies combine life insurance protection with investment options, allowing policyholders to allocate premiums into a variety of investment accounts such as stocks, bonds, and mutual funds. The course discusses key concepts like cash value accumulation, policy flexibility, and the risks and rewards associated with market performance. It also addresses regulatory aspects, tax implications, and suitability considerations, equipping learners with the knowledge to assess, recommend, and manage variable life insurance products effectively.
WHY THE COURSE IS BENEFICIAL:
An insurance agent can benefit from our course titled "Individual Variable Life Insurance" in several ways, as it deepens expertise and enhances the ability to serve clients effectively. Here's a breakdown of key benefits:
Enhanced Product Knowledge
- Understanding Product Features: Variable life insurance combines life insurance protection with investment options. The course would equip the agent with knowledge about policy structures, cash value components, investment portfolios, and premium flexibility.
- Compliance & Regulations: Agents must adhere to state and federal guidelines (like SEC oversight). The course can cover the legal and ethical framework surrounding variable policies.
Improved Sales & Client Advising
-
Customized Solutions: Clients with long-term investment goals (e.g., retirement or college savings) benefit from products like variable life insurance. The course helps agents tailor policies to fit specific financial objectives and risk tolerances.
-
Handling Objections: Clients may be concerned about market risks and fees. A deeper understanding enables agents to address these concerns confidently by explaining benefits like tax-deferred growth and death benefit guarantees.
Advanced Financial Planning Skills
- Integration with Broader Financial Portfolios: Agents will learn to position variable life insurance within the context of a client’s entire financial strategy, complementing investments in mutual funds, annuities, or IRAs.
- Navigating Market Volatility: Knowledge about investment risks and performance management gives agents tools to help clients make informed decisions during changing market conditions.
Increased Credibility and Trust with Clients
Educating Clients on Complex Products: Clients are more likely to trust agents who can explain complex policies clearly, demonstrating expertise and competence.
- Certifications and Continuing Education: Completing such a course can serve as a credential, differentiating the agent from competitors and building trust with clients.
Higher Earning Potential and Career Growth
- Expanded Product Offerings: By mastering variable life insurance, agents can offer a wider range of products, attracting more affluent clients interested in both life insurance and market-based investments.
- Cross-selling Opportunities: The knowledge gained can open doors to cross-sell other related financial products like annuities or investment accounts.
In summary, the course provides agents with the technical knowledge, regulatory understanding, and sales strategiesrequired to confidently promote variable life insurance products, ultimately improving both client outcomes and the agent’s professional success.
