Lifetime Settlements

Welcome to Wall Street Instructors’ Lifetime Settlements course. This self-study program has been approved by the Florida Department of Financial Services for 5 credits of intermediate level continuing education (CE Provider #862 — Course ID #48446).

This course examines viatical and life settlements — transactions in which a life insurance policyowner sells an existing policy to a third party for a lump-sum payment. The course covers the regulatory framework governing these transactions in Florida, the roles and responsibilities of all parties involved, required disclosures, and the ethical obligations of licensed agents.

• Introduction to Viatical and Life Settlements
• History and Development of the Secondary Market for Life Insurance
• Parties to a Settlement Transaction
• Florida’s Viatical Settlement Act and Regulatory Framework
• Licensing Requirements for Settlement Providers and Brokers
• Consumer Disclosure and Protection Requirements
• Tax Treatment of Settlement Proceeds
• Ethical Standards and Agent Responsibilities

• 1
  The course is presented in chapters. Work through each chapter at your own pace using the Study Text link below.
• 2
  Complete the study review at the end of each chapter. These reviews will help you better understand the material before taking the final exam.
• 3
  After reviewing all chapters, complete the self-monitored final examination. Passing score is 70% correct. The exam is given on the “honor system” — an outside monitor is not needed.
• 4
  Upon successful completion, Wall Street Instructors will send you a certificate of completion for your records and electronically file your CE credits with the Florida Department of Financial Services.