Insurance CE > Florida > Life / Health

Life Insurance for Businesses

Overview

Business life insurance protects against various contingencies, ensuring funds for business continuity and safeguarding investments. This course explores different business structures, common problems, and specific challenges. It’s designed for insurance agents, financial planners, and financial professionals advising businesses.

Summary Details

Hours

10.0







Learning Objectives

  • Compare and contrast the characteristics of sole proprietorships, partnerships, corporations, and limited liability companies
  • Describe the factors that influence the choice of business organization
  • Understand the purpose of buy-sell agreements in business continuity planning and the role of life insurance in funding buy-sell agreements
  • Explain the circumstances in which key person life insurance is appropriate for a business
  • Discuss the use of deferred compensation and salary continuation arrangements and how they are structured
  • Describe the basic features of corporate-owned life insurance


Designed For:

Life and health insurance producers and finance professionals

Repetition Rule: The Florida DOFS does not permit agents to repeat the same course within 2 years of the original completion date.

This course has been approved by the Florida Department of Financial Services for insurance continuing education.

Provider of Record: WebCE
Provider Number: 364621


Course Information

Adding additional credit may change exam requirements.

Access Period: 12 months
Prerequisites: None
Delivery Method: Self-Study
PDF Download: Not Available
Course Approval Number: 54406
Provider of Record: WebCE
Provider Number: 364621
Last Reviewed: March 2024
Study Level: Intermediate
Approved For: 214, 215, 216, 218

Exam

Proctor: No
Passing Grade: 70
Questions: 55



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