Oct 22, 2013 | News
Canadians indicate a strong preference for buying their life insurance in person, a recent LIMRA study revealed. The 2013 Canadian Life Insurance Ownership Study shows that 76% of Canadians would prefer to buy life insurance face-to-face rather than buying from work, on the Internet, by direct mail or by phone.
That was one of the key findings from the 2013 Canadian Life Insurance Ownership Study, which monitors long-term patterns in life insurance ownership, adequacy of coverage and consumers’ attitudes about life insurance.
“Our research found that six million Canadians believe they need more life insurance, and three-quarters of those we surveyed would prefer to buy it face-to-face,” says Cheryl Retzloff, senior research director for LIMRA.
Of the one in four Canadian households that prefer to purchase through other methods, the Internet was the most popular (11%), followed closely by workplace and by phone or mail. By comparison, in the United States, 43% of those surveyed said they prefer to buy through the Internet or by mail or phone.
The survey also finds that only 68% of Canadian households have any life insurance at all, compared with 79% in 2006. Life insurance ownership has declined in Canada, but with many Canadians indicating that they need more insurance, the industry has an opportunity to bolster sales.
“Since 2006, Canadians have lived through a recession resulting in less discretionary income for most people,” said Cheryl Retzloff, senior research director for LIMRA. “Given that environment, it’s not surprising to see overall life insurance ownership decline.”
Many Canadians recognize that they are underinsured, the survey shows. Married households with children under age 18 appear to be particularly vulnerable. Three quarters of respondents in this category said they would have difficulty with living expenses if a primary wage earner were to die.
The top factors holding consumers back from buying life insurance include a perception that it’s not affordable, and the fact that it’s considered a low priority.
Are you prepared to provide your life insurance clients with the best options? Can you guide them through the buying process and meet their needs, overcome objections, and well as your own professional goals? ILScorp offers online training for Canadian life insurance agents, including online continuing education credits, and courses specific to meet your needs. Visit ILScorp.com today to learn more about our Life / A&S CE subscriptions and individual insurance training courses.
Oct 21, 2013 | News
With the upcoming ILS Virtual Classroom insurance training programs you could be finished your Level 1 insurance licensing and ready to start your career in the Canadian insurance industry by Nov. 29. No need to wait until the new year or a new semester to complete your insurance training! And now, you can save $100 on the cost of the program with our Give Thanks promotion.
The ILS Introduction to General Insurance Virtual Classroom program starts Nov. 4 and runs for four weeks. The ILS Introduction to General Insurance has a pass rate of more than 80% among students using the Virtual Classroom study program. The ILS Introduction to General Insurance licensing program is valid in BC, Manitoba and Saskatchewan.
The virtual classroom program also offers Fundamentals of Insurance Exam Preparation; and CAIB 1, 2 3 or 4 Exam Preparation. Note: You must register by Nov. 1 to write the CAIB exams upon completion of your ILS exam prep class.
All of the ILS Virtual Classroom courses include:
- a daily assisted learning calendar – to keep you on track, we provide a study calendar that breaks down the insurance training courses into easy-to-manage daily study modules;
- online video courses – it’s like having a personal tutor for your insurance training, with the added benefit of being able to pause, rewind and review at the touch of a button;
- daily email quiz questions – questions on the previous day’s readings help to enforce key concepts;
- weekly practice exams – weekly practice exams simulate a real exam environment, so you can become comfortable with the exam process;
- An online discussion forum and review videos – to help keep you focused and clarify key points.
The virtual classroom gives you the flexibility to complete the work on your own time, but also gives you the tools to keep you on track to complete your course in just four weeks.
The regular price is $550.00 per Virtual Classroom. Use the promo code GIVETHANKS when you register and pay only $450.00 per Virtual Classroom.
Register using the code GIVETHANKS today at ILScorp.com and be on your way to a rewarding insurance career. Once you’ve registered, the ILS staff will be in touch to get you set up and ready to learn. For more information call 1-800-404-2211.
Oct 18, 2013 | News
Now that some parts of Canada have already seen their first snowfall, the rush to install winter tires is on. Even if you live in a region that doesn’t see a lot of snow fall, winter driving presents its own set of challenges, with darker days, wet or icy roads and more.
Keeping your vehicle in good technical repair reduces your overall chances for any mishap or disaster while driving – particularly in winter weather. To prepare your vehicle for winter driving give it a complete checkup, including: electrical (battery, ignition and lights); brakes; exhaust system; heating and cooling systems; and windshield wipers. And of course those tires – even if you don’t need snow tires, be sure you have a good set of matching all season tires that are properly balanced and properly inflated for the temperature.
Consider putting together a winter driving kit, including chains, sand or salt, scrapers, booster cables, flashlight, blanket, emergency food and more. And remember, to slow down, or even stay home in extremely inclement weather.
Share these and other winter driving suggestions with your clients to help keep them safe. But if the worst does happen make sure you’ve prepared them with the best possible insurance coverage for their needs. For BC and Ontario insurance agents, ILScorp offers auto insurance training courses.
ILScorp has added two new courses for BC insurance agents looking to enhance their Autoplan knowledge. “Introduction to BC Autoplan Insurance” provides new orientation training for those wanting to learn more about ICBC’s Autoplan insurance in BC, while “ICBC Autoplan Coverages and Exclusions” provides in-depth insurance training on ICBC’s Autoplan insurance coverage and exclusions.
The Ontario Auto Expert series of courses leads you through the coverage, common client concerns and questions, errors and omissions avoidance, options, and important considerations in giving advice about private automobile coverage in Ontario. The courses do not deal specifically with commercial vehicles.
The courses are offered fully online in an interactive format, complete with pre-course knowledge assessment, and a post course exam.
For more information about these BC Autoplan insurance courses, the Ontario Auto Expert Course, or more online insurance course options, visit www.ilscorp.com or call 1-800-404-2211.
Oct 17, 2013 | News
This morning marks the 2013 Great BC Shakeout. BC is one of many North American jurisdictions that take time out to remind people how to safely protect themselves in an earthquake. At 10:17 a.m., participate in the Great BC Shakeout by practicing how to “Drop, Cover and Hold On” in your home, workplace or classroom.
After you complete the drill and climb out from under your desk consider this: with the risk of earthquakes running high in BC, earthquake insurance is an important and evolving aspect of homeowner’s insurance in BC. Are you able to answer your clients’ concerns and do you know how to best meet their homeowners insurance policy needs?
A series of 5 new Homeowners Insurance Policy courses designed for insurance agents and adjusters has been launched by ILS. These online insurance training courses, each good for one continuing education credit hour, are accredited in BC, Alberta, Manitoba, and Saskatchewan.
The five-part series, written by Steve Hawrishok, includes courses covering:
1. Property Coverages Agreements & Definitions
2. Property Coverages A-D
3. Extensions of Coverage
4. Insured Perils & Exclusions
5. Basis of Claim Payment & Other Terms
All five courses are now included in the general and adjuster continuing education course catalogues at no extra charge to ILS subscribers. They can also be purchased individually at www.ilscorp.com or call us a 1-800-404-2211, to join the more than 23,000 other Canadian insurance professionals who are learning with ILScorp every year.
Oct 16, 2013 | News
ILScorp offers insurance training and exam prep courses for CAIB 1, 2, 3, & 4, via online video training, virtual classrooms and upcoming live immersion classes.
West Coast Training will host the ILS CAIB level 1 exam prep live immersion course on Nov. 20-22 in Vancouver. Level 2 CAIB exam prep runs Nov. 25-29. You must register with your provincial brokers association by Nov. 1, 2013 in order to write your Canadian Accredited Insurance Broker exam.
Enjoy classroom sessions at the downtown Vancouver BCIT campus with the dynamic instruction of Todd Hochban, and be ready to write your CAIB exam in just a few short days.
If you are just starting your insurance career, then the Canadian Accredited Insurance Broker Level 1 Exam prep course is for you. Learn the fundamentals of working in the insurance industry, and prepare to write your CAIB 1 licensing exam.
Or if you want to prep for any level of CAIB exam and can’t be in Vancouver, start the ILS CAIB Virtual Classroom program on Nov. 4 and receive a study schedule, daily emails and quizzes and more. You’ll be ready to write any level of CAIB exam in just four short weeks.
Online self-study is a proven way to successfully prepare for insurance licensing examinations. Study at your own pace – stop the program at any time and return when you want. Go back over difficult-to-grasp points as often as you wish. More than 80% of students who prepare to write their Canadian Accredited Insurance Broker exams with the ILScorp CAIB tutorial courses are successful.
Instructor Todd Hochban highly recommends using the CAIB textbook in conjunction with the ILScorp CAIB Programs to thoroughly learn the material. CAIB textbooks can be purchased through your provincial brokers association. Contact the association directly for more information.
And remember when it comes to CAIB, ILS wrote the book! Our founder and past president Steve Hawrishok developed and wrote the CAIB course.
Call 1-800-404-2211 or visit ilscorp.com today for more information.
Oct 15, 2013 | News
To give thanks to you for choosing ILScorp, we’re offering you a $100 discount to your choice of courses from our Nov. 4-29 Daily Assisted Learning Virtual Classroom programs.
With the ILS Virtual Classroom insurance training programs you could be finished your Level 1 insurance licensing and ready to start your career in the Canadian insurance industry by Nov. 29. No need to wait until the new year or a new semester to complete your insurance training!
The ILS Introduction to General Insurance Virtual Classroom program starts Nov. 4 and runs for four weeks. The ILS Introduction to General Insurance has a pass rate of more than 80% among students using the Virtual Classroom study program. The ILS Introduction to General Insurance licensing program is valid in BC, Manitoba and Saskatchewan.
The virtual classroom program also offers Fundamentals of Insurance Exam Preparation; and CAIB 1, 2 3 or 4 Exam Preparation. Note: You must register by Nov. 1 to write the CAIB exams upon completion of your ILS exam prep class.
All of the ILS Virtual Classroom courses include:
- a daily assisted learning calendar – to keep you on track, we provide a study calendar that breaks down the insurance training courses into easy-to-manage daily study modules;
- online video courses – it’s like having a personal tutor for your insurance training, with the added benefit of being able to pause, rewind and review at the touch of a button;
- daily email quiz questions – questions on the previous day’s readings help to enforce key concepts;
- weekly practice exams – weekly practice exams simulate a real exam environment, so you can become comfortable with the exam process;
- An online discussion forum and review videos – to help keep you focussed and on track.
The virtual classroom gives you the flexibility to complete the work on your own time, but also gives you the tools to keep you on track to complete your course in just four weeks.
Regular Price = $560.00 per Virtual Classroom.
GIVETHANKS promo code price = $460.00 per Virtual Classroom.
Register using the code GIVETHANKS today at ILScorp.com and be on your way to a rewarding insurance career. Once you’ve registered, the ILS staff will be in touch to get you set up and ready to learn. For more information call 1-800-404-2211.
