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Courses/Insurance/Accident & Sickness Insurance

Life, Accident & Sickness Insurance Basics

Master the fundamentals of life, accident, and sickness insurance in Canada

Created byPro Seminars
5.0
(14 reviews)
BeginnerUpdated Mar 6, 2025
Life, Accident & Sickness Insurance Basics

What You'll Learn

check_circleUnderstand the history and principles of insurance in Canada
check_circleIdentify and evaluate different types of insurance risks
check_circleAnalyze various life and accident & sickness insurance products
check_circleInterpret insurance contract provisions and legal responsibilities
check_circleExplain tax implications of different insurance products and strategies
check_circleDescribe the structure and current trends in the Canadian insurance industry

About This Course

What will the Financial Advisor learn as a result of completing this course?

Life insurance is a contract between a life insurance company and a policy owner. A life insurance policy guarantees that the insurer will pay a sum of money to one or more named beneficiaries when the insured person dies in exchange for premiums paid by the policyholder during their lifetime.

There are many things to consider when it comes to getting a Life and A&S insurance policy that can help protect your clients and prospects' future financial needs. This Insurance 101 guide can help make it easier to understand the basics about how life and accident & sickness insurance policies work, the types of coverage available, why your clients and prospects need it, and how to go about choosing a plan that’s right for their situation

In addition, accident insurance is a form of insurance policy that offers a payout when people experience injury or death due to an accident. This type of insurance does not usually cover negligence, acts of God, or natural disasters, and the policy may include restrictions such as caps on total payouts or restrictions on payouts for activities deemed risky. Many insurance companies sell accident insurance, which can be purchased as a standalone policy or bundled into an existing insurance policy.

This course covers:

  • How life insurance began and developed throughout the years.
  • Some of the myths about life insurance
  • History of The Canadian Institute Of Actuaries
  • Insurance planning and risk management for Life & A&S products.
  • Evaluating, implementing & monitoring insurance strategies
  • Types of Reinsurance 
  • Types of Life and A&S insurance products and how they are different from each other.
  • Accident & Sickness Insurance – what is it? & How to use this insurance? 
  • Dividends and options.
  • Variable Contracts, Annuities.
  • An overview of Life Insurance taxation and how insurance benefits get paid out.
  • Segregated funds and their policy benefits, features etc. 
  • The different types of insurance distribution channels.
  • Insurance contract provisions – What are they?  How do they affect your policy?
  • What are the legal responsibilities of an Advisor, Agent or Broker?
  • Some insurance facts from the Canadian life & Health Insurance Association (CLHIA)
  • Insurance industry in Canada. Top trends and challenges moving forward?
  • Assuris protection for your clients and prospects

Your Instructor

Pro Seminars
Pro Seminars

We will continue to provide high quality education, training and materials at the lowest price possible in Canada

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star237 reviews

Pro-Seminars was started by Tom Miller and Alex Nicholson in 1998. Sadly, Tom passed away in 2020, but the legacy he created continues today with Alex and Tom’s son-in-law, Adam Wyrcimaga, carrying it forward. Pro-Seminars is an all-Canadian company based in beautiful Beamsville, Ontario. It is a leader in its field, specializing in continuing education and training designed specifically for Insurance and Financial Services Professionals. Since 1998, Pro-Seminars has presented in cooperation with many Financial Services companies across Canada, offering convenient, comfortable, and high-quality professional development through Continuing Education Conferences, webinars, 47+ self-study courses, and a wide range of training programs. These courses and seminars are conducted across Canada, as well as through a National Conference held annually. Pro-Seminars utilizes many seasoned, experienced, and professional educators and trainers from financial services and insurance companies, all committed to maintaining the highest educational and ethical standards to best serve their clients and prospects. Continuing Education Credits earned by using any Pro-Seminars service are valid across Canada, regardless of where the credits were attained, through the many provincial reciprocal agreements in place. Alex Nicholson / Co-President E: alex@pro-seminars.com, Adam L. Wyrcimaga / Co-President E: adam@pro-seminars.com

Credit Information

What Students Are Saying

5.0
Student's Choice
14 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.