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Fellow, Life Management Institute

Available in: Chinese (simplified), Chinese (traditional), English, French, Korean


The Fellow, Life Management Institute (FLMI) program is a 10-course professional development program that provides an industry-specific business education in the context of the insurance and financial services industry. The FLMI teaches advanced insurance and financial concepts to build a deeper understanding of the insurance business. Established in 1932, the FLMI program is the world’s largest university-level education program in insurance and financial services.

The FLMI program consists of three levels:

  • Level I (Certificate)
    Provides need-to-know information about insurance products and operations so employees quickly gain confidence, serve the customer effectively, and contribute to company success.
  • Associate, Life Management Institute (ALMI)
    Provides job-relevant knowledge about the core insurance functions and strengthens business and financial acumen.
  • Fellow, Life Management Institute (FLMI)
    Teaches advanced insurance and financial concepts to build a deeper understanding of the insurance business. The five FLMI-level courses cover “big picture” business topics important to insurance professionals and managers. In general, these courses also cover quantitative and financial concepts in greater depth.


The FLMI designation covers important topics including:

  • Compliance and Legal
  • Finance and Accounting
  • Institutional Investing
  • Life Insurance
  • Management and Leadership
  • Marketing and Business Acquisition
  • Operations and Administration
  • Product Design and Development


Learners must complete ten required courses to earn the FLMI designation.

LOMA 280 — Principles of Insurance

LOMA 280 introduces the principles of insurance, the process of becoming insured, and the policyowner’s contractual rights. The course includes information on the features of individual and group life insurance, health insurance, and annuity products.

LOMA 281 — Meeting Customer Needs with Insurance and Annuities

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.

LOMA 290 — Insurance Company Operations

LOMA 290 describes how life insurance companies operate in today’s global environment: how they are organized, how they are managed, and the roles of functional and support units in developing, distributing, issuing, and administering life insurance and annuity products.

LOMA 291 — Improving the Bottom Line: Insurance Company Operations

LOMA 291 is an online course that uses a variety of media to teach operations, functions, and product development basics unique to the insurance organization. In addition, the course will teach that (1) a company’s success depends on its operational efficiency and effectiveness and (2) every employee has a role in ensuring the company’s financial success.

LOMA 301 — Insurance Administration

LOMA 301 provides a detailed discussion of the activities of insurance administration for individual and group life coverages, focusing on underwriting, reinsurance, claims, and customer service.

LOMA 302 — The Policy Lifecycle: Insurance Administration

LOMA 302 is an online course that presents an in-depth study of insurance administration activities for individual and group life insurance, focusing on underwriting, customer service, and claims activities. It includes examples from actual insurance applications and claims that allow the student to apply their knowledge to real-life situations.

LOMA 307 — Business and Financial Concepts for Insurance Professionals

LOMA 307 introduces industry employees to basic financial concepts and terminology and relates these concepts to the business of insurance and company operations and profitability.

LOMA 308 — The Business of Insurance: Applying Financial Concepts

LOMA 308 is an online course that presents basic economic, financial, and business concepts and practices related to insurance company management, operations, solvency and profitability.

LOMA 311 — Business Law for Insurance Professionals

LOMA 311 provides a comprehensive overview of the business laws and industry-specific regulation that affect insurance companies, products, and operations. Focused on life insurance and annuities, this course will help learners understand how legal and regulatory issues affect their jobs.

LOMA 316 — Business Law for Financial Services Professionals (Canada)

LOMA 316 presents the basic features and principles of the legal environment in which financial services companies in Canada operate.

LOMA 320 — Insurance Marketing

LOMA 320 covers marketing principles and the functions of marketing as an integral aspect of the life and health insurance industry.

LOMA 321 — Insurance Marketing: Connecting with Customers

LOMA 321 is an interactive online course that uses a variety of media to provide an overview of the marketing process in insurance companies, with a focus on how companies identify customer needs, match products and services to those needs, and connect with customers in a complex marketing environment.

LOMA 335 — Operational Excellence for Insurance Professionals

LOMA 335 helps employees deliver greater value to customers and increase operational efficiency through insurance-specific instruction on motivating and leading people, creating and improving business processes and project management, and engaging in effective and innovative decision making.

LOMA 357 — Institutional Investing: Principles and Practices

LOMA 357 introduces fundamental investing concepts and the “why” and “how” of institutional investing. The course describes the process of institutional investing to help learners understand the impact of investing on company operations and overall financial well-being.

LOMA 361 — Accounting and Financial Reporting in Life Insurance Companies

LOMA 361 provides a broad exposure to financial and managerial accounting in life insurance companies, including the corporate and regulatory environment in which accounting functions occur.

LOMA 371 — Risk Management and Product Development for Life Insurance Companies

LOMA 371 provides a holistic picture of risk management and the entire product development process to help learners understand more about the reasoning behind their company’s decisions, the structure of a well-designed product, and how their own responsibilities contribute to the achievement of company financial goals.


Level I: CertificateLevel II: ALMI
Required FLMI courses
Learners must complete the Level I, ALMI, and Level III courses to earn the FLMI designation.
Insurance PrinciplesInsurance OperationsInsurance AdministrationBusiness & Financial ConceptsMarketing
LOMA 280
LOMA 281
LOMA 290
LOMA 291
LOMA 301
LOMA 302
LOMA 307
LOMA 308
LOMA 320
LOMA 321
Level I: LOMA awards a personalized certificate to learners upon successful completion of LOMA 280/281 and LOMA 290/291.
Required FLMI courses
Learners must complete the Level I, ALMI, and Level III courses to earn the FLMI designation.
LawManagementInvestmentsAccountingRisk Management
& Product Design
LOMA 311LOMA 335LOMA 357LOMA 361LOMA 371

Course Credit Notes

Learners who have credit for the discontinued courses below automatically receive FLMI credit for the applicable course category shown.

Course categoryDiscontinued course
Business & Financial ConceptsLOMA 351
LawLOMA 310, 315, or 316
ManagementLOMA 330
InvestmentsLOMA 340 or 356