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Superior Service, Quality and Value |
Ethics Description |
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| 8517C West Grand Avenue, River Grove, Illinois 60171 (847) 455 1130 Fax (847)455-1153 | |
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“Ethics 1: STOLI: Stranger Owned Life Insurance”
NO EXAM 3 hrs –CLASSROOM ONLY Refer to Class Schedule for Dates& Locations
This three credit hour all classroom, continuing education course is designed to benefit the Illinois insurance producer by making them aware of the historical legal significance of the Doctrine of Insurable Interest and the modern practice of life policy owners who sell their life insurance contract rights to third party investors.
The program demonstrates some recent market practices whereby financially successful senior citizens may be recruited to purchase life insurance with the future intent of assigning ownership for profit. The course also explores the reasons insurance carriers do not favor STOLI type arrangements.
A producer may be lured by promises of “easy money” but will need to know where helping a client ends and possibly breaking the law begins. This program will help you to protect you clients and your producer license. “Ethics 2: Creating a Producer Code of Conduct” NO EXAM 3 hrs –CLASSROOM ONLY Refer to Class Schedule for Dates and Locations This continuing education ETHICS CLASS is designed to benefit the Illinois insurance producer in three ways. First it reminds them of their fiduciary relationship with the public by reviewing some common mistakes that producers may make with reference to selected statutes and regulations governing producer conduct. Second, the course offers advice on conducting a sound decision making process when potential problem scenarios may arrive. Third, the program guides the licensed producer with a simple method for creating a personal code of conduct designed to promote their long term business goals. Informative and fast-paced, this class is well worth your investment.
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