Employer Sponsored Retirement Plans - SC

Insurance Continuing Education in South Carolina

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Your Price: $16.95

4 credit hours

Price includes
CE Course :
$12.95
Roster Fee :
$4.00

* A roster fee of $1.00 per credit is required to file Insurance Continuing Education credit in South Carolina. That fee is collected as part of your purchase and is then used to pay for the filling of your credits.

If purchased today, this course must be completed by:
December 31, 2024 (277 Days)

South Carolina insurance continuing education requires an impartial third-party proctor be present during your final exam. The proctor must be at least 18 years of age and cannot be a friend, relative or co-worker of the licensee, nor anyone with a financial interest in the exam result.
Description

This course was designed, constructed and written to provide you with continuing education for financial professionals in the area of Employer-Sponsored Retirement Plans with special attention to the various types and issues specific to the world of accumulation for retirement through Employer-Sponsored retirement Plans.

It acknowledges and includes examination of 401(k)s, 403(b)s, Simple IRAs, and SEP IRAs categories due to the many types sponsored and available in the worksite marketplace.  It also highlights distribution opportunities and tax consequences for withdrawals that are a fundamental component of retirement accumulation programs.

Besides the goal of acquiring additional credits toward your continuing education requirement, it is our hope that you will acquire a new level of competency and insight into this highly critical area of people’s financial future…saving and accumulating dollars for use in the future.

As time goes by, individuals’ situations change with respect to their available discretionary income, tax brackets, and family situations. In addition, tax law changes, program availability, and feature modifications are constantly being reviewed, updated, and changed. Some save specifically for retirement and education. Some save for the future (retirement) exclusively, and take care of education as best they can when it occurs prior to their retirement…or some combination of both!

Yet some things are fundamental and seldom, if ever, change. Accumulating funds for the future depends on money, time, a vehicle, and consistency. With so many plans and places to save or invest in, the real key is to start putting aside funds so that an educational nest egg is available down the road. The more one puts away today, the more it grows.  The higher yield or growth each dollar earns makes it compound faster and greater.  The less taxes we pay when we put it away, as it grows, and when we take it out allows for each dollar to work harder, grow larger, and provide for more of it’s intended usage. And, to the extent we have planned ahead for certain amounts to be available at specific times in the future, the more motivated we are to put aside on a regular basis an amount that will grow to what is needed in the future (consistency).

Your study text is comprised of several modules with charts, graphs, and other visual tools for enhancing the value of the information for you as well as to enhance your recall beyond this course.

We’re confident that you will gain new insight into this critical area for Americans as well as brush up on current info and regulations pertinent to this area of your expertise.

Exam Details

Need Proctor?Yes
Question Count:25
Passing Grade:70%
Attempts to Pass:Unlimited
Note: If you choose to request additional credit types while taking this course, the number of exam questions and proctor rules may change to meet those credits' requirements.

Course Details

Course Number:6000138537
Approved Title:Employer Sponsored Retirement Plans
Approved Credits
4 credits in Life, Accident & Health
Provider:InsuranceStudy.com
Provider Number:164617
Topics Covered:Life and Health Insurance, General Principles of Financial Planning, Life Insurance
Program Level:Advanced

Rules for South Carolina Insurance Continuing Education

  • This state allows for course material to be downloaded. Please note that not all courses will have content that is suitable or available for downloading.
  • Exam is closed book.
  • Effective January 2011, the deadline for biennially complying with continuing education and license renewal is the last day of the producer’s month of birth. Producers born in an odd numbered year must comply by the last day of the birth month in an odd numbered year. Producers born in an even numbered year must comply by the last day of the birth month in an even numbered year.
  • Producers must complete 24 hours of continuing education including a minimum of 3 hours of Ethics by the deadline before they can renew the license online at NIPR (www.nipr.com).
  • Multi-line (property and casualty and life, accident and health) producers must complete 24 hours of CE credits. A minimum of 8 credit hours must be completed in each line of authority and a minimum of 3 credit hours of Ethics.
  • Click here to download the South Carolina Department of Insurance Continuing Insurance Education Reminder Notice. Last Updated 06/29/2022.
  • Effective January 1, 2017, a valid personal and/or business email address is required by law. Please visit NIPR (https://pdb.nipr.com/my-nipr/frontend/identify-licensee) to update your email address. The Department will no longer be mailing hard copy renewal notices to licensees.
  • The CE hours must be completed prior to renewing the license on NIPR. You should allow at minimum 72 hours for your CE status to be updated before you will be able to renew your license. If you wait until the last day of your birth month to complete your CE, you will not be able to renew on time and will incur a late renewal penalty.
  • Producers with reduced compliance requirements (15 hours) must complete 12 hours in the line of authority held and 3 hours of Ethics. Multi-line producers with reduced compliance requirements (15 hours) must complete 6 hours in each line of authority and 3 hours of ethics. Failure to comply by the last day of the producer’s birth month will result in the license being expired. The law allowing reduced CE compliance was repealed January 1, 2010. This Section applies only to those producers who were granted a reduced CE compliance prior to January 1, 2010.
  • Up to 18 CE hours in excess of the CE compliance period may be carried over and applied to the next compliance period; Ethics hours will not carryover.
  • Effective May 27, 2022, producers may now apply for CE exemption if you are 65 years of age or older AND have 25 or more years of licensure. The online application is available on our website on the CE page.
  • South Carolina's CE vendor, SBS, charges an additional fee of $1 per credit hour for us to electronically upload course completions directly to your CE transcript.