5 HRs Life Insurance Products and Retirement Planning – Virginia

✅ 5 HRs Life Insurance Products and Retirement Planning – Virginia

✅ Approved by Virginia Insurance Continuing Education Board | Provider #164929 | Course #230313 | Only $22.99 | Instant Emailed Certificate | 100% Online & Self-Paced

Earn 5 approved hours toward your Virginia insurance agent renewal with a course approved by the Virginia Insurance Continuing Education Board for only $22.99. A single-category agent needs 16 hours each biennium, so these 5 hours cover nearly a third of the requirement, and the course is approved in the Life & Health category.

The course is 100% online and self-paced. Log in and out as often as you need without losing progress. Your certificate is emailed to you the moment you finish. 1st Choice CE reports your completion to Virginia.

✅ Course Details

• Course name: 5 HRs Life Insurance Products and Retirement Planning
• Approved by: Virginia Insurance Continuing Education Board
• Provider number: 164929
• Course number: 230313
• Course length: 5 hours
• Course category: Life & Health
• Course format: 100% online, self-paced
• Price: $22.99
• Certificate: emailed immediately after completion
• Reporting: 1st Choice CE reports your completion
• Approval active through: 07-31-2028
• Virginia requirement: the September 2024 Course Introduction Statement is presented at the beginning of the course, as Virginia requires for every approved CE course
• Page URL: https://1stchoice-ce.com/courses/checkout/virginia/5-hrs-life-insurance-retirement-virginia/
• Support: call or text 1-800-698-2770

✅ Who Should Take This Course?

• Licensed life and annuity agents and producers
• Agents who write term, whole life, and universal life policies
• Producers who recommend fixed, indexed, or variable annuities
• Agents doing retirement income and legacy planning work
• Producers who handle policy replacements and 1035 exchanges
• Agents who need general CE credit toward the state renewal total

✅ Does This Course Satisfy the State Requirement?

This course provides 5 approved hours toward the 16 hours Virginia licensed resident insurance agents must complete. It does not satisfy the full requirement on its own, and it does not satisfy the separate 3-hour ethics requirement. You will need additional approved hours, including an approved ethics course, to complete your renewal.

If you hold more than one license category, your requirement is 24 hours rather than 16, with a minimum of eight hours in each category you hold. These 5 hours apply to the Life & Health category.

✅ Virginia Continuing Education Requirements

Under Virginia Code § 38.2-1866, an agent licensed in a single license category completes 16 hours of continuing education each biennium. An agent holding licenses in more than one category completes 24 hours, with a minimum of eight credit hours in each category held. Of the total required credits for each biennium, three credit hours must be in insurance ethics, which may include insurance law and regulations applicable in the Commonwealth.

• 16 hours per biennium for a single license category
• 24 hours per biennium for multiple categories, with at least 8 hours in each category held
• 3 of the total credits must be in insurance ethics, which may include Virginia insurance law and regulations
• No more than 75 percent of required credits may come from courses provided by insurance companies or agencies
• Single categories include life and annuities, health, property and casualty, personal lines, and title

Virginia exempts agents licensed during the final 13 months of a two-year period from the requirement for that biennium, under § 38.2-1871. Nonresident agents who meet their home state's requirements and consultants who satisfy the requirement for each license category held are also addressed there. Check your own license record rather than assuming an exemption applies.

How this course helps: This 5-hour course contributes 5 of the 16 credit hours a single-category Virginia agent must complete each biennium, or 5 of the 24 hours required when you hold more than one category. It is approved in the Life & Health category, so those hours apply to a Life & Health license. It does not satisfy the separate 3-hour ethics requirement, and it does not complete the renewal by itself — the remaining hours and the ethics credits must be completed separately.

✅ When Do Licensees Renew?

Virginia agents renew on a two-year biennium. Confirm your own biennium end date on your license record or renewal notice rather than assuming a statewide calendar deadline. Because the requirement differs depending on how many license categories you hold, the first thing to establish is whether you are a 16-hour or a 24-hour agent — and if you hold more than one category, whether you have the eight-hour minimum in each. An agent who holds two categories and completes 24 hours all in one category has not met the requirement.

✅ How to Renew Your License

1. Confirm how many license categories you hold — This determines whether you owe 16 hours or 24. If you hold more than one category, you also owe at least 8 hours in each.
2. Check your biennium end date — Confirm it on your license record or renewal notice. Do not assume a statewide calendar deadline.
3. Complete the required hours, including 3 in ethics — Ethics may include Virginia insurance law and regulations. Verify the ethics credits specifically.
4. Watch the 75 percent sponsorship cap — No more than 75 percent of your required credits may come from courses provided by insurance companies or agencies. Independent provider courses are not subject to that cap.
5. Allow provider reporting time — Finish coursework early enough for your completions to post before the biennium closes.
6. Renew and confirm — Follow the renewal instructions in your notice, submit the renewal, and verify afterward that your record shows an active status and an updated expiration date.

✅ What You Will Learn

• Match term, whole life, and universal life designs to a client’s actual protection and legacy goals
• Explain cash value mechanics, dividends, paid-up additions, and nonforfeiture options in plain language
• Compare fixed, indexed, and variable annuities on crediting, cost, liquidity, and income features
• Apply annuity and life insurance tax rules correctly, including 1035 exchange principles
• Set realistic expectations around policy illustrations, performance assumptions, and lapse risk
• Handle beneficiary designations, ownership structures, and replacement decisions without creating avoidable harm

✅ Course Content Overview

Hour 1: Life Insurance Foundations and Product Fit in Retirement Planning

• Review core life insurance concepts (risk pooling, insurable interest, contract structure, and policy ownership) to establish a clear foundation for product selection and client communication.
• Examine term life policy design (level vs. decreasing term, conversion privileges, renewability, and common use cases) to match protection needs to time horizons and budgets.
• Introduce permanent life insurance overview (whole life and basic universal life) to explain cash value mechanics, premiums, and how permanence changes planning outcomes.
• Apply needs analysis and suitability basics to life insurance planning (income replacement, debt, education, business needs, and legacy goals) to support defensible recommendations.

Hour 2: Permanent Life Insurance Features, Policy Performance, and Client Expectations

• Explain whole life policy components (guarantees, dividends as applicable, paid-up additions, and nonforfeiture options) to clarify how benefits may accumulate over time.
• Compare universal life variations (traditional UL, indexed UL, and variable UL at a conceptual level) to highlight premium flexibility, crediting approaches, and risk tradeoffs.
• Evaluate policy riders and benefit enhancements (waiver of premium, accelerated death benefits, chronic/critical illness riders, and guaranteed insurability) for appropriate use and limitations.
• Discuss policy illustrations, performance assumptions, and lapse risk to help agents set realistic expectations and document conversations about cost, crediting, and long-term sustainability.

Hour 3: Annuity Products Beyond the Basics and Their Role in Retirement Income

• Review annuity fundamentals (accumulation vs. distribution, contract parties, and the insurance function of longevity protection) to connect product structure to retirement goals.
• Compare fixed, indexed, and variable annuities using plain-language explanations of crediting, caps/spreads, subaccounts, and the relationship between market exposure and guarantees.
• Analyze distribution options and income features (immediate vs. deferred income, annuitization choices, living benefits, and payout factors) to align income reliability with client priorities.
• Cover contract costs and constraints (surrender charges, market value adjustments where applicable, fees, and liquidity provisions) to reduce misunderstandings and suitability failures.

Hour 4: Taxation and Retirement Planning Integration for Life Insurance and Annuities

• Review tax basics for life insurance (death benefit treatment, basis concepts, policy loans, partial surrenders, and lapses) to prevent inaccurate “tax-free” assumptions in planning conversations.
• Explain annuity taxation concepts (tax deferral, last-in-first-out treatment of gains in many distributions, penalties, and the importance of timing) to support accurate retirement income projections.
• Cover retirement planning application (income layering, longevity risk management, sequence-of-returns risk awareness, and balancing protection with growth objectives) to position products within a broader strategy.
• Address exchanges and repositioning concepts (including 1035 exchange principles at a high level and practical documentation considerations) to support compliant product changes when appropriate.

Hour 5: Estate Planning Uses, Policy Replacement Standards, and Compliance Expectations

• Review beneficiary designations and ownership structures (individual, trust-owned concepts, and common pitfalls) to reduce unintended outcomes and improve coordination with estate plans.
• Discuss life insurance in estate and business planning (liquidity for taxes/expenses, legacy planning, key person concepts, and buy-sell funding fundamentals) to clarify real-world applications.
• Analyze policy replacement and exchange risk (client suitability, comparison diligence, and common harm scenarios such as new surrender periods and loss of benefits) to support responsible recommendations.
• Reinforce compliance and documentation standards (disclosures, advertising/communication expectations, recordkeeping, and complaint prevention habits) to support audit-ready and consumer-protective practices.

✅ Other Related Courses

• 3 Hour Ethics for Insurance Agents – $22.99
• 3-Hour Flood Insurance (NFIP) – $22.99
• 4-Hour Annuity Best Interest/Suitability – $22.99
• 4 Hrs Ongoing Long-Term Care Insurance Partnership Training – $22.99
• 4 HRs Medicare Advantage and Part D Update – $22.99
• 4 HRs Health Insurance and Affordable Care Act Updates – $22.99

✅ Why Choose 1st Choice CE?

• Approved provider and approved course in Virginia
• Affordable at $22.99 with no additional or hidden fees
• 100% online and self-paced
• Log in and out anytime without losing progress
• Instant emailed certificate
• Completions reported to the state
• Money-back guarantee
• Over 10 years of continuing education experience
• Support by phone or text at 1-800-698-2770

✅ Enroll Now

Get your 5 approved hours done today for $22.99.

Enroll in 5 HRs Life Insurance Products and Retirement Planning – Virginia

Questions first? Call or text 1-800-698-2770.