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The Advocis professional development requirements for all members (excluding student and retired members), are required to engage in professional development according to the guidelines below. 30 hours of professional development are required.
Professional development includes both structured and informal learning activities:
Continuing Education (CE)
A minimum of 15 hours of structured learning activity in the form of CE programs. Examples that qualify include:
- CE programs accredited by The Institute’s Accreditation Service, which confirms content as meeting the Practice Guidelines for Financial Advisors & Planners. One CE credit equals one hour of structured learning activity; and
- Successful completion of certain licensing and designation program courses that have been approved by the individual member’s respective designation or governing body. Qualifying examples include LLQP, Mutual Funds Course, CFP, CLU, and the CHS.
Informal Learning Activities
A maximum of 15 hours of informal activity determined by the member as contributing to his or her ongoing professional development such as:
- Teaching/Presenting
- Research/writing articles
- Self-study
- Participation in industry task forces/committees
Education must relate to technical aspects of life insurance. Technical for this purpose includes legal, legislative, and regulatory matters, fundamentals/principles of life insurance, financial planning, taxation, client needs analysis, proper use of life insurance products, rating/underwriting/claims, accounting and actuarial considerations, risk management principles, and provisions and differences in policy contracts.
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