Michigan- Long Term Care Training

Total Hrs / Order Price
1-5 $13.95
6-17 $22.95
18-24 $39.95
25-50 $49.95
51+ $49.95 + $2.00 per
additional hour over 50
In addtion: A State filing fee of $1.00 per credit hour will be added to the total

Pricing based on total number of
hours in order.

Approved For:

  • Life and Health
  • Long Term Care

Credit Hours
8

Course Type
Online

DOI Number
56836

Publisher
FastrackCE, LLC

State
Michigan

State
State CE Requirements

Description

Senior citizen populations are growing throughout the country—and with them, the need for long-term care. Many types of long-term care are difficult to pay for—they’re often not covered by Medicare or traditional health insurance plans. Medicaid does cover long-term care, but only for seniors with incomes that qualify—leaving many middle-income seniors unable to afford the high cost of care on their own.

Long-term care insurance is designed to provide coverage for desperately-needed long-term care services that aren’t covered anywhere else. For insurance producers, LTC insurance can be highly profitable—with the need for it growing every day. This course provides the in-depth knowledge you need to help your clients choose the right plan—and get coverage that will be there for them when they need it.

Topics covered in this course include:

  • The Long-Term Care market today
  • Long-Term Care policies: how they work
  • LTC providers and services
  • Paying for Long-Term Care: private and government options
  • Legislation and Long-Term Care
  • Activities of Daily Living: federal and state definitions.
  • Insurance carrier ratings.
  • Consumer protections.
  • Long-Term Care Partnership programs.

This course is available in online format—making complying with state insurance continuing education requirements easy and convenient. Plan your study time around your professional and family schedule—and receive test results immediately after completion. Order this course today—and get started developing the expertise you need to offer expert Long-Term Care insurance consultation to your clients.

Required CE Hours for Renewal in Michigan

  • All Licenses

    • 24 hours of CE credits each renewal period, out of the 24 hours 3 hours must be ethics.

Special Training/Education Requirements (LTC, Flood, Ethics, others)

  • Long Term Care -LTC

    • Agents wishing to sell Long Term Care are required to take a one time only 8 hour Department of Insurance certified course
    • Each license term thereafter each agent must complete a 4 hour Long Term Care Partnership CE course that is approved by the department.
  • Flood Insurance Training

    • An insurance producer who sells flood insurance may satisfy the minimum training and education requirements by completing a 3-hour course related to the National Flood Insurance Program (NFIP).

How Hours are Reported

  • CE completions are submitted electronically the next business day after a passing completion is acquired. A fee of $1.00 fee will be charged for processing of your credit hours for each course taken and will be added to your total at check out.

License Term

  • The term of the license is every 2 years from the date of agents birth month and year.
  • If you are a new agent then the first renewal date is on your license document in the lower right hand corner.

Course Type approved for Continuing Education

  • Online courses
  • Independent Self-study
  • Classroom Study

Final Exam

  • Final exams are to be monitored by a disinterested third party.
  • Final exams are Closed book.
  • A passing grade of at least 70% required to pass the course.

Carryover CE Hours

  • CE credits may NOT be carried over from one term to another.

Repeating Courses

  • Courses may NOT be taken for credit more than once in each renewal period.

Completion Certificates

  • Certificates of completion are available as soon as a course is completed with a passing grade. Certificates should be printed and kept on file for 5 years.

Exemptions

  • Agents who hold a limited life, turkey, crop or hail license.
  • Agents who hold travel, baggage, accident or title license.

Additional Information

Third Party Contact: Prometic
Phone: 866-241-3115
Fax: 800-735-7977
Email: pro.ce-services@prometric.com
Web site: Prometric

Michigan Office of Financial and Insurance Regulation


Phone: 517-373-0220
Fax: 877-999-6442
Email: ofir-licensing@michigan.gov

Mailing Address:
Michigan Office of Financial and Insurance Regulation
License Division
P.O. Box 30220
Lansing MI 48909

Web site: Michigan Office of Financial and Insurance Regulation