INVESCOR, NATIONAL UNDERWRITER LAUNCH ONLINE LIFE SETTLEMENT TRAINING
Program Offers CE Credit, Addresses Broker-Dealer Firm Element Requirements
December 9, 2009 – Erlanger, KY - To elevate the quality of life settlement knowledge and expertise nationwide, Invescor, Ltd., in partnership with the National Underwriter Company, has launched the most authoritative and comprehensive online life settlement training program in the country.
Filed and approved for continuing education credits in 49 jurisdictions, Life Settlement Tools & Techniques is available in four courses that can be taken separately or together.
Among the 37 states where life settlement regulations have been approved, four states require registered representatives/agents to prove they have completed life settlement training before they can obtain a life settlement license. Several states require some degree of continuing education to satisfy life settlement licensing requirements. Life Settlement Tools & Techniques can help registered representatives/agents in these states to meet these growing state-by-state requirements through the convenience of an online program.
“The life settlement marketplace is growing, regulations are multiplying, and the need for a trustworthy source of life settlement training has never been greater,” said Mike Leibowitz, President and CEO of Invescor. “The depth and breadth of the information presented in the Life Settlement Tools & Techniques program is unparalleled,” he added.
“The Tools & Techniques content authors, led by Stephen Leimberg, are highly knowledgeable, leading industry authorities with terrific subject matter credibility,” said Kevin Speed, National Underwriter’s Director of Training Products. “They have written numerous books and articles on financial planning, insurance concepts and related issues,” he added.
Jointly owned and developed by Invescor and National Underwriter, the online Life Settlement Tools & Techniques program eclipses other web-based CE-type programs in specificity, depth, and relevance to the marketplace.
Life Settlement Tools & Techniques addresses IRS revenue rulings on life settlement taxation issued in May as well as FINRA Regulatory Notice 09-42 published in July that addresses variable life settlements. End-of-chapter quizzes, a greatly expanded glossary of life settlement terms, and an appendix of reference documents including NASD 06-38 are additional enhancements.
About Invescor, Ltd.
Invescor Ltd. is focused exclusively on life settlement back office processing and brokerage services to broker-dealers and insurance companies. Based in Farmington Hills, Michigan, Invescor has processed more than 1,900 life settlement transactions surpassing $3.8 billion in aggregate face value. An industry leader in life settlement compliance and regulatory affairs, Invescor provides seamless, one-stop life settlement processing for both fixed and variable life settlement cases. Invescor Wholesale BD, Inc. is a FINRA member.
About Summit Business Media
Summit Business Media was formed in November 2006 by Wind Point Partners’ acquisition of two leading b2b information companies, Highline Media and Pfingsten Publishing. Summit Business Media serves the insurance, financial, professional services, mining investment and art markets, via magazines, online products, events, reference materials and databases. Its insurance information is anchored by the premier weekly magazines and websites in the business, the National Underwriter Property/Casualty and Life/Health weeklies, as well as the monthlies American Agent & Broker, Life Insurance Selling and three other insurance focused titles. Summit also has a premier position in the financial services industry via Investment Advisor, Wealth Manager, Credit Union Times, Research, Treasury & Risk and Futures magazines and websites as well as Inside Counsel for the legal market. Its Reference Division includes Tax Facts and Fire, Casualty and Surety Bulletins, along with 150 other books and electronic products. Summit offers more than 200 live events (trade shows, conferences and professional education seminars). The company is also the leading data provider of financial and market information on insurance companies in the country. Summit Business Media employs nearly 500 people in 15 offices throughout the United States.