Massachusetts 60 Hour Life & Health Initial Renewal Package

If you have been licensed for less than three years, and this will be your first renewal, you need to complete 60 hours of continuing education. This package satisfies the full 60 hours of CE and includes the required 3 hours of ethics training. An exam will follow each major section to test your knowledge.

The course includes training on ethical concepts and terminology and describes common ethical situations and duties of an insurance producer. We review key concepts and principles of Life and Health insurance, covering topics such as:

• various policy types and provisions
• qualified plans and retirement
• life insurance and securities
• annuities
• disability income

We also cover the topic of long-term care policies. Areas we'll go through include the appropriate way to build a long-term care policy, tax-qualified plans and non-tax-qualified plans, alternatives to LTC insurance, and the NAIC model LTCi Act.

You will also learn about the different types of annuities that are available, who the parties to an annuity are, and the typical provisions annuity contracts contain. We'll also compare equity-indexed and variable annuities, before covering taxation of annuities, and sales and marketing practices to employ.

Finally, we will also go through the topic of flood insurance. We'll talk about policies and products that are available for those who may need flood insurance. Then, you'll learn the general rules that apply to flood policies, as well as how to rate and handle claims. Finally, we'll cover the 2004 Flood Insurance Reform Act (FIRA) and talk about other agent resources.

Course Format: Text

Credit Type: Flood, Annuity Best Interest, Ethics, Elective, Long Term Care

Course ID(s): 6000170521, 6000163900, C34607, C68519, 6000193070

Approved By: Office of Consumer Affairs & Business Regulation