|
Quick
Reference:
Overview
Courses
Intro Level
Courses Now Online!
Order Study Materials
Enroll for Exams
For
More Information
Frequently
Asked Questions
Companies in the competitive insurance
and financial
services industry need employees who understand financial products and
the operational aspects of the financial institutions that create and
administer those products. The new Associate-level designation,
Associate, Life Management Institute (ALMI) recognizes achievement of industry professionals who have completed five courses within
the Fellow, Life Management Institute (FLMI) program curriculum.
The ALMI rewards professionals who go
beyond the basics in acquiring critical industry knowledge.
Program
Overview
Courses in the program provide a
comprehensive business education in the context of the life and health
insurance industry, and at the same time provide achievable goals, with
recognition at three levels: certificate, Associate-level diploma, and
Fellowship-level diploma.
Requirements for the ALMI include LOMA
280, LOMA 290, LOMA 356, plus any two other required FLMI courses (See "Courses" for details).
Find out more about
earning the FLMI.
ALMI
and FLMI Award
Structure:
| Award |
Designation |
Requirements |
Number
of courses |
| Certificate |
None |
LOMA 280 +
LOMA 290 |
2 required
courses |
| Diploma |
ALMI |
Certif. +
LOMA 356 + any 2 other required FLMI courses |
5 required courses |
| Diploma |
FLMI |
ALMI +
remaining 5 required FLMI courses |
10 required courses |
Courses
LOMA
280—Principles of Insurance: Life, Health,
and Annuities
Also available in Spanish,
French, Traditional
and Simplified Chinese, Korean, Portuguese
and Bahasa
Indonesia.
-
Explain
how life and health insurance help people
manage risk
-
Describe
the features of individual and group life and
annuity coverages, riders, policy provisions,
and settlement options
-
Identify
and describe the major types of managed care
coverages and compare plan features with
features of traditional indemnity health
plans
-
Distinguish
among various types of retirement income and
pension plans
-
Identify
effective solutions for internal and external
customers’ questions and problems
LOMA 290—Insurance Company
Operations
Also available in Spanish,
French, Bahasa
Indonesia, Traditional and
Simplified Chinese, Portuguese
and Korean.
-
Describe
the essential operations of life insurance
companies, including identifying target
customers, developing and distributing
products, underwriting, administering claims,
protecting solvency, managing information,
and strategic decision making
-
Explain
changes in the regulatory environment and the
insurer’s role in the economy
-
Discuss
the need for cooperation among all functional
areas of an insurance company
LOMA
356—Investments and Institutional Investing
Also available in Spanish,
French, Traditional
and Simplified Chinese, Korean
and Portuguese.
-
Understand the investment
environment and general principles of investing
-
Learn the principals of
investing in both individual securities and portfolios of securities
-
Explain roles,
administrative systems and processes, goal setting, performance review,
and risk management of institutional investing
+ two other FLMI
required courses.
*The ALMI designation is not awarded
to students taking Spanish PFSL courses.
|
