What does FIC mean in OCCUPATION & POSITIONS
FIC stands for Fraternal Insurance Counselor. It is an insurance designation created by the National Fraternal Congress of America (NFCA). It is designed to help financial professionals learn about the unique financial and insurance needs of fraternal organizations. With this designation, individuals gain insight into the different insurance options available to these organizations, as well as the legal and administrative aspects of structuring an effective risk management plan. The FIC certification program provides a comprehensive understanding of fraternal member benefits, related insurance products and risk management solutions. The aims of the certification program are to equip qualified professionals with advanced critical thinking, problem-solving and communication skills that will benefit both fraternal members and their families.
FIC meaning in Occupation & Positions in Business
FIC mostly used in an acronym Occupation & Positions in Category Business that means Fraternal Insurance Counselor
Shorthand: FIC,
Full Form: Fraternal Insurance Counselor
For more information of "Fraternal Insurance Counselor", see the section below.
Aims of Certification Program
The FIC certification program is specifically designed for financial professionals interested in exploring how to best meet fraternal organization needs dand their members' goals when it comes to life, health, disability or other types of insurance plans. Along with providing sound advice on certain policy structures and coverage levels that best meet individualized needs, certified counselors must also stay abreast of new laws affecting any aspect related to fraternal benefits such as pension plans or survivor benefits so they can provide timely information to clients. Furthermore, counselors must also be trained in understanding innovative technology used by various financial institutions in order to more easily explain complex concepts concerning finances associated with fraternals.
Benefits Provided by Certification
For those interested in obtaining a FIC designation, there are many advantages associated with enrolling in a certification program such as this one. By completing this training course and becoming certified, individuals gain access to an ever-increasing network of professionals across all areas relating to group/fraternal benefit protection planning. Further advantages include increased potential clientele due to referrals from within the community; improved credibility; enhanced retirement knowledge; expanded marketability; staying current on state mandates like ERISA requirements; plus being able to confidently counsel clients on employer-provided life coverage plans as well as long-term care riders available through some insurers.
Essential Questions and Answers on Fraternal Insurance Counselor in "BUSINESS»POSITIONS"
What exactly does a Fraternal Insurance Counselor do?
A Fraternal Insurance Counselor is a financial advisor who helps families purchase and maintain insurance policies. They provide advice on the best type of policy for each individual, as well as helping to understand complex policy details. The counselor will also help to manage existing policies and monitor any changes in the policy holder’s finances or lifestyle which may affect the coverage
Final Words:
Being certified through a program such as this could provide great opportunities for those who desire additional expertise in helping fraternals maximize their return on investment while protecting against untoward losses or surprises down the road due both budgetary constraints or harsh regulatory practices from outside institutes which may not understand the intrinsic value provided by group policies like those offered via a FIC designation program.
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