California 15-Hour Life Settlement Broker Training Course

Overview

Life insurance settlements provide financial benefits to both sellers and buyers. Individuals who sell their policies receive the policy’s purchase price (which is more than they would receive if they surrendered the policy to the issuing insurance company), and they are also relieved of any further obligation to pay premiums.  Life settlements provide a financial benefit to third-party purchasers of these policies because the death benefit these purchasers eventually receive is expected to be more than the price they pay to acquire the policy plus the amount of any premiums they pay to keep the policy in force until the insured dies. 

The purpose of this course is to provide the 15 hours of required continuing education training for California life settlement brokers. Covering the topics cited on the state’s “15-Hour Life Settlement Broker Outline,” the course offers in-depth explanations and numerous examples pertaining to life settlements issues and transactions in California. The course also covers the broker’s responsibilities—legal and ethical—in effecting such transactions. 

Learning Objectives

Upon completing this course, students should be able to: 

  • be familiar with the history and evolution of the life settlement industry
  • understand California’s statutes and regulations pertaining to life settlements
  • understand the entire life settlement transaction process
  • know the role and responsibilities of the life settlement broker in the life settlement transaction
  • understand the suitability factors that life settlement brokers must consider in regard to their clients
  • be familiar with the general principles of life settlement taxation
  • be acquainted with the various types of fraud that may be perpetrated in connection with life settlements
  • be thoroughly familiar with the ethical precepts that life settlement brokers should follow in their business dealings

Designed For

Life and health insurance producers; financial planners and advisors.
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