Michigan- Life Insurance Policies

Total Hrs / Order Price
1-5 $15.95
6-17 $24.95
18-24 $39.95
25-50 $49.95
51+ $49.95 + $2.00 per
additional hour over 50
In addition: A State filing fee of $1.00 per credit hour will be added to the total

Pricing based on total number of
hours in order.

Approved For:

  • Life and Health

Credit Hours
4

Course Type
Online

DOI Number
72503

Publisher
ABC Self Study

State
Michigan

State
State CE Requirements

CE Course Description

Life insurance provides a valuable safety net to millions of families throughout the US—protecting them from financial disaster in the event of the loss of a loved one. As a Life and Health insurance producer, you give your insureds the peace of mind that comes with knowing their families will be protected in the event of tragedy.

This course gives you in-depth information about life insurance—how it works, typical policy provisions, and laws and regulations affecting its sale and operation. It provides you with the expertise you need to help your clients determine the right policy—and build a thriving insurance sales business based on the protection of families. Topics covered include:

  • Life insurance policies: how they work.
  • Types of life insurance.
  • Premiums and policy provisions.
  • Typical exclusions and restrictions.
  • Settlement, nonforfeiture, and dividend options.
  • Policy underwriting.
  • Risk selection and classification.

This course is available in convenient online format—allowing you to study in the comfort of your own home or office, without conforming to a regular class schedule. Study when it’s convenient for you—without disrupting your work and family obligations—and receive test results immediately after completion. Order this course today and get started meeting your insurance continuing education requirements.

Required CE Hours for Renewal in Michigan

  • All Licenses

    • 24 hours of CE credits each renewal period, out of the 24 hours 3 hours must be ethics.

Special Training/Education Requirements (LTC, Flood, Ethics, others)

  • Long Term Care -LTC

    • Agents wishing to sell Long Term Care are required to take a one time only 8 hour Department of Insurance certified course
    • Each license term thereafter each agent must complete a 4 hour Long Term Care Partnership CE course that is approved by the department.
  • Flood Insurance Training

    • An insurance producer who sells flood insurance may satisfy the minimum training and education requirements by completing a 3-hour course related to the National Flood Insurance Program (NFIP).

How Hours are Reported

  • CE completions are submitted electronically the next business day after a passing completion is acquired. A fee of $1.00 fee will be charged for processing of your credit hours for each course taken and will be added to your total at check out.

License Term

  • The term of the license is every 2 years from the date of agents birth month and year.
  • If you are a new agent then the first renewal date is on your license document in the lower right hand corner.

Course Type approved for Continuing Education

  • Online courses
  • Independent Self-study
  • Classroom Study

Final Exam

  • Final exams are to be monitored by a disinterested third party.
  • Final exams are Closed book.
  • A passing grade of at least 70% required to pass the course.

Carryover CE Hours

  • CE credits may NOT be carried over from one term to another.

Repeating Courses

  • Courses may NOT be taken for credit more than once in each renewal period.

Completion Certificates

  • Certificates of completion are available as soon as a course is completed with a passing grade. Certificates should be printed and kept on file for 5 years.

Exemptions

  • Agents who hold a limited life, turkey, crop or hail license.
  • Agents who hold travel, baggage, accident or title license.

Additional Information

Third Party Contact: Prometic
Phone: 866-241-3115
Fax: 800-735-7977
Email: pro.ce-services@prometric.com
Web site: Prometric

Michigan Office of Financial and Insurance Regulation


Phone: 517-373-0220
Fax: 877-999-6442
Email: ofir-licensing@michigan.gov

Mailing Address:
Michigan Office of Financial and Insurance Regulation
License Division
P.O. Box 30220
Lansing MI 48909

Web site: Michigan Office of Financial and Insurance Regulation