A Fraternal Insurance Counselor Fellow (FICF) is a specially trained insurance professional and member of a national network of counselors. But in order to get the FICF designation, you have to already have a Fraternal Insurance Counselor (FIC) designation. Keep reading to learn more about these certifications.
Becoming an FICF
You must have worked with a current fraternal benefit society for 12 consecutive months. The fraternal benefit society you have worked with must be a member of the Fraternal Field Managers’ Association. You must complete the the Graduate I, II, and III courses and final exams. Each online course costs $49, and you get one year of access. Printed books can be purchased for an additional $19. The Fraternal Field Managers Association is the issuing association, but you can take the courses through Kaplan.Graduate I: Estate Planning
Each candidate must complete all course work. Also, they must pass the final exam for each of the three courses within three years of their initial enrollment.
Lastly, the final exam is a proctored, closed-book test. Candidates may take the exam as many times as they want until they attain a passing score. Those who answer 70% or more of the questions correctly pass the examination. However, those who do not pass may retest after 30 days.
When you receive your FICF designation, you can continue to use it as long as you are affiliated or associated with a fraternal benefit society. But those societies must be members of the Fraternal Field Managers’ Association (FFMA) and the American Fraternal Alliance.FIC vs FICF
The FFMA offers both the FIC and FICF designations. As a result, many of the prerequisites for the FICF are similar to those of the FIC. You must have worked with a current fraternal benefit society for 12 months. Likewise, your fraternal benefit society must be a member of the Fraternal Field Managers’ Association. Though the FFMA issues the FIC designation, you can take the courses through Kaplan just as you would with the FICF.
You must complete the exams for the required courses. There are four FIC courses, or one more than required for the FICF. Each online course costs $49, and you get one year of access. Candidates must complete the courses and pass the exams within three years of initial enrollment. However, you can skip the Intermediate and Advanced final exams if you already have a CLU, ChFC, or CFP designation.
The courses for the FIC designation are:Basic Course, Part A: Introduction to Life Insurance
Essentially, the FICF is a continuation of the FIC designation. It is another level of education about insurance.Benefits of the FICF Designation For Clients
For the Insurance Professional
If you’re considering becoming a Fraternal Insurance Counselor Fellow (FICF), you’ll have to become a Fraternal Insurance Counselor (FIC) first. Do your research to decide if you need the FICF designation, or if the FIC designation would be just as helpful for your career.
However, if you are looking for an insurance agent, an FICF might be the kind of insurance agent or professional you are looking for. In short, they have more additional training and may be able to help you achieve your insurance goals.Insurance Tips
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