ATLANTA, GEORGIA, July 2003 — LOMA and its member companies have developed a new FFSI (Fellow, Financial Services Institute) program to meet the financial services education needs of insurance companies that have evolved to multifaceted financial services institutions.

"As a financial services association, we’ve seen our members and the role they play in the world economy change significantly over the past decade. We are proud that we have been able to grow with them, and the FFSI program reflects our mission to help them as they evolve," said Thomas P. Donaldson, FLMI, CLU, President & CEO, LOMA.

The FFSI is designed for employees who need to know about the full array of financial services products—including wealth accumulation products, retirement plans, employee benefits, mutual funds, and banking products. The program is especially beneficial to employees who serve as a primary contact for internal and external customers.

The FFSI provides a broad base of knowledge and enables employees to focus on the products of most relevance to their company or job. The core courses cover everything from financial intermediaries and risk, to marketing to businesses, to tax sheltered asset accumulation plans. A unique feature of the FFSI Program—professional achievement credits (PACs)—allows employees to customize their product knowledge and recognizes specific industry credentials they have earned.

Beyond enhanced job knowledge and the potential to perform better and excel within the company, students may discover additional rewards for obtaining the FFSI designation. Completed FFSI courses can result in college credit, continuing education credit in other programs, and CE credit hours for state agent license renewal where available.