The legal, technical and tax basic principles of branch 21 (life)

Doelgroep

The training is primarily intended for persons:

• Who perform a regulated function, those who hold a regulated position in the distribution of life insurance, in particular the persons
  • in contact with the public who wish to broaden their basic knowledge and, if necessary, wish to prepare for the specialized exam 3.1 - Life insurance in general;
  • exempted from examination by their diploma;
  • who have obtained a certificate of knowledge in life insurance to refresh and deepen the knowledge acquired.
• Who exercise a function other than insurance distribution and wish to become acquainted with the insurance business, without having to take any exams.

Vereiste voorkennis

Advanced level training: this training requires a general basic knowledge of the subject. 

Programma

CONTENT

• Part 1: Place of branch 21 within the different types of life insurance
  • Branch 21 compared with other life insurance branches
  • Classification according to the nature of the covered event
  • Supplementary insurance policies of branch 21
  • The pension pillars and the financing of pensions by means of branch 21 life insurance
• Part 2: The legal principles
  • Definition of a life insurance policy and nature of the benefit
  • Rights and obligations of the persons involved in the insurance
  • The beneficial entitlement
• Part 3: The technical principles of branch 21
  • The premium
  • The actuarial reserve and the purchase value
  • Profit-sharing
  • Exclusions and acceptance by the insure
• Part 4: The fiscal aspects of branch 21 under the 3rd pillar
  • Tax treatment of the premiums
  • Tax treatment of the benefits

PRACTICAL INFORMATION 

• Duration: 9 hours
• Number of pages syllabus : +-  64 pages
• CPD hours: Each module includes an online test consisting of multiple-choice questions. CPD hours will only be granted if you pass the test. You are entitled to 2 attempts to pass the test. If you do not pass (result lower than 60%), CPD hours will not be granted for this (sub)module. We therefore recommend that you take the test only when you are sure you master the subject matter. 

Methodologie

An ‘E-learning - distance learning’ is 100% self-study. It is a form of learning in which the participant processes individually, at his or her own pace, learning content that is provided in the form of a syllabus drawn up by the teacher. This content is provided in a digital format (PDF) via the MyFA learning platform, possibly supplemented with an exercise platform.

Course material :

• Syllabus 
• Exercise questions