ILScorp BlogThe latest and greatest info from ILScorp!
Demand for insurance products and services remains as strong as ever but there has been a fundamental shift in the channels consumers choose to make their purchases. Insurance is generally bought directly through an insurer (through its captive agents, the web or other direct channels) or through independent agents and commercial brokers who provide access to the products of several insurers. Agreements bind brokerages and insurance companies together. The terms of these can vary according to the companies involved. These agreements will document the relationship that exists between the two parties.read more
The ILScorp offices will be closed Monday, May 21, 2018 for the Victoria Day holiday.
We hope that you enjoy your long weekend, and can get out and enjoy the ‘unofficial’ kick off to summer here in Canada!
Our staff will be back in the office on Tuesday May 22 at 9 a.m. PST to answer your questions.
Looking to complete your CE hours this weekend? You can purchase your ILScorp subscription online anytime and get started today.read more
General Insurance Continuing Education Requirements and Definitions for BC. Number of Hours Required: if you have an approved designation* you must have 4 qualified hours of continuing education; OR if you have been licensed as a general insurance agent or salesperson for at least 5 of the last 7 years in a Canadian jurisdiction, and you do not have an approved designation, you must have 6 qualified hours of continuing education; OR if you have not been licensed as a general insurance agent or salesperson agent for at least 5 of the last 7 years in a Canadian jurisdiction and you do not have an approved designation, you must have 8 qualified hours of continuing education.read more
Where did my courses go?
If your courses no longer appear in the courses dropdown in the top menu of your ILScorp account, your courses may have expired.
ILScorp courses are available for a specific amount of time from the date of purchase. CE course subscriptions and individual courses are available for 6 months from the date of purchase, CAIB Courses have 4 months’ access and Level 1 Licensing for 3 months, all with unlimited amount of access. If you log into your ILScorp profile and do not see any courses listed under the “My Courses” tab, you can renew / purchase your course subscription from the ILScorp Course Catalog, or by choosing your subscription category here. Once your purchase is complete, you will have immediate access to your courses.read more
This new Life/A&S course is now available and included as part of your ILS LIFE/A&S Course Subscription. In this course, learn how in certain cases Split Beneficiary Planning allows for cash extractions (free of dividend tax) from the corporation in excess of actual policy premiums; how a separate and well drafted Split Beneficiary Agreement is required, including a defendable pricing model likely using NCPI as the source cost; and that specialized legal and tax advice may be needed before implementing such planning.read more
ILScorp Virtual Classroom programs are built on a structure of daily assignments and due dates that you must meet, whether it’s taking an online chapter quiz; completing daily questions; watching weekly review videos; or participating in a discussion with fellow classmates. However, within the virtual classrooms structure you have the freedom to choose the best times to participate that sync with your individual schedule. Moderated by long-time insurance educator Todd Hochban, the ILS Virtual Classroom Programs prepare you to write your insurance licensing exam in just four weeks, sending your insurance career to new heights!read more
ILScorp offices will be closed on Good Friday ― March 30, 2018. We’ll be back in the office Monday, April 2 ready to take your calls and answer your questions. You can also register for our insurance training programs online, anytime, at ILScorp.com. How do I register or renew my subscription for online insurance courses? To renew your subscription or register for an online course or CE Subscription simply…read more
Retirement Success in Canada a course designed to introduce you to the topic of Canadian retirement income. In this new course on Retirement Success in Canada you will be introduced to each of the “three pillars” that make up the replacement income of most Canadian retirees and the issues and solutions surrounding them. In the beginning we cover the first pillar of Canadian Retirement Savings, the Old Age Security program. OAS Pension and Benefits are paid out according to:read more
4 New Life/A&S CE. Understanding, Analyzing and Interpreting Financial Statements
This course is included as part of your ILS LIFE/A&S Course Subscription. A financial statement provides a record of the financial activities and positions of a business during a period of time. These statements represent a means of communicating a given business’s financial information to different parties who then can base their decisions on the statistics provided. Note that a proper understanding of financial statements is paramount to an individual’s ability to make informed decisions including whether to invest in or grant credit to a business.