anti-money laundering (“aml”) training update · life insurance products are issued by metlife...
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Life insurance products are issued by MetLife Insurance Company USA, Charlotte, NC 28277, and in New York by Metropolitan
Life Insurance Company, New York, NY 10166. Variable products are distributed by MetLife Investors Distribution Company
(member FINRA). All are MetLife companies. All guarantees are subject to the claims-paying ability and financial strength of the
issuing insurance company.
© 2015 MetLife, Inc. PEANUTS © 2015 Peanuts Worldwide
For Producer or Broker/Dealer Use Only. Not for Public Distribution.
Insurance Products Are: • Not A Deposit • Not FDIC-Insured • Not Insured By Any Federal
Government Agency • Not Guaranteed By Any Bank Or Credit Union • May Go Down in Value Government Agency • Not Guaranteed By Any Bank Or Credit Union • May Go Down in Value
Anti-Money Laundering (“AML”) Training Update
AML training requirements MetLife is required to ensure its producers have completed Anti-Money Laundering training. MetLife delivers AML courses through LIMRA, an industry-leading AML training provider. These are the only AML courses that meet MetLife’s requirements. LIMRA’s training courses reinforce awareness of AML rules and regulations so that representatives can recognize the warning signs of money laundering and understand their responsibilities related to reporting suspicious activities. Reminder - Term business excluded Effective July 2014, term business is no longer included in the Anti-Money Laundering training requirements. Producers submitting term cases will not have to complete the LIMRA training. However, please note that producers submitting any other business (Universal Life, Variable Universal Life or Whole Life) will be required to complete the AML courses as outlined below.
*Through LIMRA, MetLife offers a base course and a refresher course that is updated every 2 years. Effective July 19, 2014, the courses required are as follows:
Life insurance products are issued by MetLife Insurance Company USA, Charlotte, NC 28277, and in New York by Metropolitan
Life Insurance Company, New York, NY 10166. Variable products are distributed by MetLife Investors Distribution Company
(member FINRA). All are MetLife companies. All guarantees are subject to the claims-paying ability and financial strength of the
issuing insurance company.
© 2015 MetLife, Inc. PEANUTS © 2015 Peanuts Worldwide
For Producer or Broker/Dealer Use Only. Not for Public Distribution.
Insurance Products Are: • Not A Deposit • Not FDIC-Insured • Not Insured By Any Federal
Government Agency • Not Guaranteed By Any Bank Or Credit Union • May Go Down in Value Government Agency • Not Guaranteed By Any Bank Or Credit Union • May Go Down in Value
Course Name When Required
Anti-Money Laundering for Insurance Producers (base course)
The base course is always required, but only needs to be taken one time.
Ramifications of Money Laundering (refresher course)
This refresher course is always required, but only needs to be taken one time.
Some representatives may have already completed these LIMRA courses as part of their contract requirements with other carriers. If so, they will count toward fulfilling this requirement with MetLife. If not, representatives must complete the base course and the appropriate refresher course before business can be issued.
If business is submitted and the appropriate course(s) have not been completed, MetLife will underwrite the business and process it; however a contract will not be issued until the requirement is satisfied.
Our Licensing team will contact representatives if this situation occurs.
The LIMRA course(s) can be accessed via the LIMRA website at https://aml.limra.com. Representatives can follow the instructions below for access to the LIMRA website. To log-i n t o LIMRA’ s websi te :
1. Enter a Username
Your Username is a combination of the first four characters (including apostrophes and spaces, if applicable) of your last name combined with the last six digits of your Social Security number
(e.g., smit456789). 2. Enter a password:
First Time Users: The initial password is your last name in lower case letters (e.g., smith). You will be prompted to change your password once you login.
Returning Users: Use the password previously created for accessing the site. Note: If needed, a
“Forgot Your Password” link is available on the sign-on screen; 3. Click the Log-In button. 4. To begin a course, click on its title.
If a representative has already completed the appropriate LIMRA course(s) to satisfy a requirement of another insurance carrier, the course(s) will be grayed out, and they will not be required to complete the course again at this time. Once on the LIMRA website, representatives will see a list of the courses that they have been enrolled in and a completion status for each course.
Life insurance products are issued by MetLife Insurance Company USA, Charlotte, NC 28277, and in New York by Metropolitan
Life Insurance Company, New York, NY 10166. Variable products are distributed by MetLife Investors Distribution Company
(member FINRA). All are MetLife companies. All guarantees are subject to the claims-paying ability and financial strength of the
issuing insurance company.
© 2015 MetLife, Inc. PEANUTS © 2015 Peanuts Worldwide
For Producer or Broker/Dealer Use Only. Not for Public Distribution.
Insurance Products Are: • Not A Deposit • Not FDIC-Insured • Not Insured By Any Federal
Government Agency • Not Guaranteed By Any Bank Or Credit Union • May Go Down in Value Government Agency • Not Guaranteed By Any Bank Or Credit Union • May Go Down in Value
For technical issues regarding LIMRA AML training, including questions concerning access to LIMRA’s website, contact LIMRA’s help desk via e-mail at [email protected] or by phone at 866-364-2380.
For additional information about AML training through LIMRA and MetLife’s requirements, contact the MetLife Contracting department at 877-638-0411, option 4.
