Start Managing Yourself and Your Goals – CAIB Exam Prep

Apr 18, 2017 | News

CAIB Exam Preparation for your Level 2 or Designation

Start Signing Insurance Contracts

A level 2 General Insurance Agent is authorized to sell insurance policies both inside and outside the office of a general insurance agency and is not prohibited from signing contracts of insurance.  As a licensed Level 1 General Insurance Agent, advance your career and achieve your Level 2 License by completing the CAIB 2 and CAIB 3 examinations. (BC, SK, MB)

CAIB 2 and CAIB 3 provide a comprehensive study of commercial lines coverages.

CAIB Exam Prep Info

Manage Yourself, Your Staff and Your Office

Successful completion of all 4 CAIB examinations will qualify you to receive the industry designation of “Canadian Accredited Insurance Broker”. With your CAIB Designation, operate an office and manage the development and maintenance of accounts and markets appropriate to clients’ needs, and maximize your personal goals.

CAIB Exam Prep Info

Sample Questions & Answers from CAIB Exams

How many questions are on CAIB Key Terms?

Is there a multiple choice component?

How many marks are the open ended general questions worth?

To help you prep for your CAIB Exam here is a quick reference list of the structure of CAIB exams and even some sample questions and answers.

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Personal Lines Insurance Broker – April 2017 Training Program

Mar 6, 2017 | News

Become a licensed Personal Lines Insurance Broker!

We have opportunities for several people in the exciting personal insurance industry.

We are looking for applicants from Victoria and the Lower Mainland of British Columbia.

Intact Insurance Company will provide technical training along with professional sales and product training for successful applicants. Applications will be reviewed and candidates will be hired prior to the start date of April 17, 2017.

If this opportunity interests you, please forward your resume along with a letter in your words explaining why you would be a good candidate for a career as a personal lines insurance broker in the insurance industry.

Successful applicants will be selected very soon so apply right away.

Why would I want to become a Personal Lines Insurance Broker?

Many people think working in the insurance industry is a boring 9 – 5 desk job that involves working alone in isolation under piles of paperwork.

This is not the case!

While many insurance industry roles do have an element of independence, an insurance career often calls for frequent client interaction, teamwork, networking and the opportunity for community involvement. These activities not only provide variety, they also provide a well-rounded set of skills and experience that can help you find a role or set of responsibilities that matches how you like to work. If you’re seeking a career that offers you the chance to succeed professionally while contributing something positive and necessary, becoming a personal lines insurance broker could be just the career opportunity you’ve been waiting for.

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}

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