457(b) Plans Explained
The purpose of this course is to provide you with the tools to better inform your customers about 457(b) Plans.
Eligible for All License Types
The purpose of this course is to provide you with the tools to better inform your customers about 457(b) Plans. In the first Module we are going to discuss a brief History and Overview of 457(b) Plans. In the second Module we delve into the types of 457(b) Plans. In Module Three we discuss Contributions and Withdrawals from a 457(b) Plans. The course concludes with Module Four, an agent and/or planner’s Ethical and Fiduciary Responsibilities.
This course makes a few assumptions about you the student:
- You are a currently licensed Insurance Agent or Adjuster.
- You are interested in additional information, resources, and knowledge regarding the inner workings of 457(b) Plans and Investments in general.
In insurance, as in all sales fields, the more familiar you are with a product, the more knowledgeable you can be in assisting you clients and ensuring their understanding of products so that they may make clear and concise decisions. If you are planning on selling financial services products, you should dedicate enough of your time to learning how they work using resources like this course. You do yourself and your clients great service when you effectively communicate how financial services products can benefit them.
What should you know about 457(b) Plans so that you can be a more effective insurance agent? It’s essential to understand a little background information and terminology about 457(b) Plans; the different 457(b) Plans types; how to fund (Contributions) them; and how to ultimately receive the benefits of investing in them (Withdrawals). We have a little more housekeeping to discuss and then we will start this course on 457(b) Plans Explained.
This course consists of four Modules; each Module concludes with a Key Takeaway section; these are important and are the basis of the Module Quizzes and Final Exam.
- Module One: Overview History of 457(b) Plans
- Module Two: Types of 457(b) Plans
- Module Three: Contributions and Withdrawals
- Module Four: Ethical and Fiduciary Responsibilities