LOMA 281 — Meeting Customer Needs with Insurance and Annuities

Overview

Part of the Need 2 Know series, LOMA 281 is an online course that uses a variety of media to teach principles of insurance, insurance products, and the policyowner’s contractual rights. The course describes the features of individual and group life insurance and annuity products, and emphasizes how insurance companies serve customers and meet customer needs through the products they provide.

Topics

• Introduction to Risk and Insurance
• The Life and Health Insurance Industry and Its Regulation
• Life Insurance Policies as Contracts
• Financial Design of Life Insurance Products
• Meeting Customer Needs
• Term Life Insurance
• Cash Value Life Insurance
• Supplemental Benefits
• Individual Life Insurance Policy Provisions
• Life Insurance Policy Ownership Rights
• Annuities
• Principles of Group Insurance
• Group Life Insurance
• Group Retirement Plans
• Health Insurance Overview

Module 1: What Is Insurance?

Explore what customers know — and don’t know — about insurance products. This module teaches important principles of insurance, including:

• Risk and risk management
• Regulation of insurance
• Life insurance as a contract
• The value exchange in an insurance transaction

Module 2: Using Products to Meet Customer Needs

In this lesson, Michael Holden, a financial planner, encounters several customers in different financial situations. By watching Michael interact with his clients, you will see how insurers use various insurance and annuity products to meet customer needs. Some of the topics addressed in this module include:

• Term life insurance
• Cash value life insurance
• Fixed and variable annuity products
• Health insurance

Module 3: More About Life Insurance

What happens after a life insurance policy is in force? What information might customers need to know? In this lesson, you’ll see how Gloria, a seasoned customer service representative, helps policyowners and their loved ones understand the features of their policies, such as:

• Supplemental benefits
• Policy provisions
• Ownership rights

Module 4: Group Products

Group products are often a large part of an individual’s overall financial strategy. In this module, you’ll learn about the types of group products available and the important role they play in meeting customer needs. Specific topics include:

• Characteristics of group insurance
• Group retirement plans

Course Format

LOMA’s popular online interactive courses teach important industry concepts through an engaging, highly interactive, multi-media approach that often includes integrated video, audio and scenario-based learning. Online interactive courses are designation courses with integrated exams—the modularized examinations are built right into the course as part of the learning experience. No separate exam enrollment required!

Exam Format

Integrated Exams

Online interactive courses are non-proctored designation courses—the modularized examinations are built right into the course as part of the learning experience. No separate exam enrollment required!

How to Enroll

Enrolling in an Online Designation Course

1. Log in to your LOMA Learning account using your login ID and password.
2. Browse the Learning Catalog for the course for which you would like to enroll.
3. Select ADD TO CART next to the items for which you would like to enroll.
4. Return to the catalog to continue searching for courses and add additional items to your shopping cart, or click the shopping cart to check out.
   • Note: if you have not already done so, you will be prompted to log in to the LOMA learning system at this time. Once you have successfully logged in, click the shopping cart again to begin the checkout process.
5. Review your shopping cart, and add any promotional or order discount code. Click CHECK OUT to proceed.
6. If you are purchasing a physical product (example: a textbook), complete the SHIPPING information screen.
7. Enter payment information
   • If your company has set up direct billing with LOMA, an account code will appear next to the “Bill My Company” field.
   • If you are using direct-to-company billing method, ensure that the radio button next to the “Bill My Company” field is selected and then click “Next” to continue.
   • If you are paying for your enrollment by credit card, enter all of the required fields for a credit card transaction. Once you have provided all of the required information, click “Next” to continue.
8. Review your order, accept LOMA’s Terms and Conditions, and click BUY NOW. An enrollment confirmation will be emailed to you.