New Course -Trip Cancellation and Interruption Insurance

Taking a holiday or business trip can be an exciting time for any traveller. However, there are risks associated with travelling that should be addressed with insurance. This course focuses on trip cancellation and interruption insurance and general characteristics of travel insurance policies.

By the end of this course you will be able to:

  • Describe trip cancellation, interruption and other available travel insurance coverages
  • Describe general characteristics of travel insurance policies

Become an ILScorp group member to save even more.

Included as part of the ILScorp Adjuster CE Subscription.
Included as part of the ILScorp General CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 1
Credit Type: General/Adjuster – Technical and RIBO-Technical
Credit #: AIC #47999; MB#30084
Accrediting Provinces: BC, AB, SK, MB, ON

New Course – Individual Disability Income Insurance and Related Policies

This course will focus on individual disability income insurance policies, also referred to as disability insurance of disability income replacement insurance. The information provided is of a general nature and is not intended to be an intensive study of this area of insurance.

By the end of this course you will be able to:

  • Classify basic categories of individual disability, accident and sickness policies
  • Describe general information related to individual disability income insurance policies

Become an ILScorp group member to save even more.

Included as part of the ILScorp Life/A&S CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 1
Credit Type: Life/A&S – Technical
Credit #: AIC #48000; MB#30085
Accrediting Provinces: BC, AB, SK, MB, ON

 

New Life Course, Creative Uses of Life Insurance, Split Beneficiary Planning

New Life Course, Creative Uses of Life Insurance, Split Beneficiary Planning

Creative Uses of Life Insurance, Split Beneficiary Planning

This new Life/A&S course is now available and included as part of your ILS LIFE/A&S Course Subscription.

In this course, learn how in certain cases Split Beneficiary Planning allows for cash extractions (free of dividend tax) from the corporation in excess of actual policy premiums; how a separate and well drafted Split Beneficiary Agreement is required, including a defendable pricing model likely using NCPI as the source cost; and that specialized legal and tax advice may be needed before implementing such planning.

This course breaks down as follows:

  • Part 1: Corporations & Insurance
  • Part 2: Disruptions to Corporate Owned Insurance
  • Part 3: Agreements on the Use of Insurance with Corporations
  • Part 4: The Pricing Models

 

SAMPLE COURSE MATERIAL

Corporate Insurability

1.Key Man Insurance.  In the event of the death of a key employee, a corporation could sustain material financial hardship.  Key Man Insurance provides funding to assist the corporation maintain working capital balances in the transition period after death.

2.Shareholder Agreements.  Shareholder agreements govern actions between shareholdings in the event of the death of a shareholder.  Some agreements obligate the corporation to redeem the shares in what is called a “Corporate Redemption or Corporate Repurchase”.  Insurance in this context provides the needed funds to repurchase the deceased’s shares.

3.Loan Offset Insurance.  Sometimes creditors of a corporation will ask that key people are insured.  Should they pass away, the insurance is used to repay corporate loans.

4.Buy-Out Insurance.  Similar to shareholder agreements, corporations that transition owner-managers (key people) will often insure one or both parties (acquirer and/or purchaser) so that financial exposure during the acquisition period is covered by insurance.

Corporate Funded Insurance – Benefits

While Living:

1.A corporation (with an insurance interest) is allowed to pay insurance premiums.

2.Corporate paid premiums are normally a “non-deductible expense” (called an “add-back” on the corporate tax return).

3.This allows payment of insurance AFTER corporate income tax but BEFORE personal dividend tax.

MORE INFO ON COURSE

Virtual Classrooms – CAIB Exam Preparation

Virtual Classrooms – CAIB Exam Preparation

ILScorp CAIB Exam Prep Virtual Classroom Programs are a combination of structure and flexibility.

ILScorp Virtual Classroom programs are built on a structure of daily assignments and due dates that you must meet, whether it’s taking an online chapter quiz; completing daily questions; watching weekly review videos; or participating in a discussion with fellow classmates. However, within the virtual classrooms structure you have the freedom to choose the best times to participate that sync with your individual schedule. Moderated by long-time insurance educator Todd Hochban, the ILS Virtual Classroom Programs prepare you to write your insurance licensing exam in just four weeks, sending your insurance career to new heights!

Details

Start:
May 14
End:
June 8
Cost:
$550
Event Category:
Website:
https://www.ilscorp.com/virtual-classrooms/

Organizer: ILScorp

Phone:
1.800.404.2211
Email:
info@ilscorp.com
Website:
www.ilscorp.com

 

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