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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
Associate, Life Management Institute (ALMI) rewards professionals who go
beyond the basics in acquiring critical industry knowledge and recognizes achievement of industry professionals who have completed five courses within
the Fellow, Life Management Institute
(FLMI) program curriculum.
Program
Overview
NEW IN 2010! The Requirements for the ALMI are changing this
year! The revised curriculum
provides insurance and financial services employees with:
-Better
business/financial acumen
-Improved
knowledge of core insurance functions
-A
developing sense of field/home office partnership through
knowledge of insurance marketing/distribution
The
ALMI curriculum assures that employees are exposed to these important
topics at the earliest possible point in their professional development
without being overwhelmed.
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.
Courses
The new ALMI curriculum,
effective July 2010*, consists of 5 courses:
LOMA 280/281 – Principles of
Insurance / Meeting Customer Needs with Insurance and Annuities
LOMA 290/291 – Insurance Company
Operations / Improving the Bottom Line: Insurance Company Operations
LOMA 301 – Insurance
Administration
LOMA 307 – Business and Financial
Concepts for Insurance Professionals
LOMA 320 – Insurance Marketing
* Students
will benefit from a grandfathering period through the end of 2011.Please
consult the 2010
LOMA Education & Training Catalog for
more details and for guidelines as to which course you should take next.
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