Below is a simplified outline of the ChFEBC℠
course and the requirements to become certified.
A new applicant for the ChFEBC℠
designation must meet the following criteria:
3 years of financial services experience
AND
State Insurance License
AND - Hold one of the following Securities Licenses:
Series 6 Series 66 Series 7 Series 24
Or be registered as a Registered Investment Advisor or an Investment Advisor Representative
If an applicant does not meet the criteria above there is an alternative way to qualify.
In addition to 3 years of financial services experience, candidate must hold one of the following:
Chartered Financial Consultant (ChFC®)
Chartered Life Underwriter (CLU®)
Chartered Financial Analyst (CFA)
CERTIFIED FINANCIAL PLANNER™ (CFP®)
Masters Degree in Business, Finance or Economics
Attorney's License (JD)
Certified Public Accountant (CPA)
If you are in a Human Resources capacity, with the Federal Government,
you may obtain the designation without meeting the requirements above.
Continuing Education Requirements
10 hours of required Continuing Education credits every two years. Acceptable CE credits will come from CE courses that are created by Snow Federal Seminars & ChFEBC℠, Inc. or course approved by the Certified Financial Planning® Board of Standards
The course provides you with comprehensive training on federal employee benefits plus marketing and sales training materials to help you prospect and close sales to federal and postal employees.
You can view the current listings on the online directory of ChFEBC℠
here.
BRIEF COURSE OUTLINE
A. Federal Employee Benefits
Module I: CSRS/CSRS offset Sections
Module II: FERS and CSRS Transferees
Module III: Special Provisions FERS (law enforcement, fire fighters, air traffic controllers, reservists)
Module IV: Federal Employee Group Life Insurance (FEGLI), Thrift Savings Plan (a 401k-type plan)
Module V: Social Security
Other modules include additional information on federal employee benefits.
B. Sales Training Includes video, training on benefits calculator software, case analysis, fact finding training with the federal employees, role playing, coverage of important federal employee benefits forms,
C: Marketing Manual Includes information on how to market to federal employees, including specifics on ethics issues in government agencies.
D: Final Exam Once you have completed the modules and tests from each module, you can notify Federal Seminars & ChFEBC℠
, Inc., for instructions for taking your final exam. This is a rigorous closed-book exam that you must complete in 90 minutes. If you receive an 75% or above grade, you will then become “certified” and be able to use the ChFEBC℠
logo on your business cards, brochures, web site, or other promotional materials.
Yearly re-certification: Federal Benefits change on a yearly (calendar year) basis, so re-certification, if desired, is based on a calendar year.
Materials provided: NOTE: TIME SENSITIVE; these become outdated and end of each year. If course is not completed within year of purchase, an additional fee will be required for new updates.
1. Certification Modules outline.
2. Self study manual.
3. Colored fact finding flip chart, scripts plus confidential questionnaire.
4. Marketing Manual plus Marketing Seminar power point presentation & scripts
5. Power Point Seminar Presentation
6. Sales Training Manual plus case studies
7. Federal Employee Handbook
8. Final Exam administered upon completion of the modules.
Time frame to complete the independent study course: Approximately 8 days.
