5 HRs Life Insurance Products and Retirement Planning - New Mexico

5 HRs Life Insurance Products and Retirement Planning - New Mexico

✅ Approved by New Mexico Office of Superintendent of Insurance | Provider #500033375 | Course #6000225927 | Only $19.99 | Instant Emailed Certificate | 100% Online & Self-Paced

Earn 5 approved continuing education hours toward your New Mexico insurance license renewal with a course approved by the New Mexico Office of Superintendent of Insurance, for only $19.99. New Mexico requires 24 hours every two years, and these 5 hours apply directly to that total. Enroll online and work through it on your own schedule.

The course is 100% online and self-paced, and you can log in and out as often as you like without losing your progress. When you finish and pass the final exam, your certificate is emailed immediately and 1st Choice CE reports your completion to the Office of Superintendent of Insurance, so the credit appears when you log in to SBS. Every course is backed by our money-back guarantee, and support is available by phone or text at 1-800-698-2770.

✅ Course Details

• Course Name: 5 HRs Life Insurance Products and Retirement Planning - New Mexico
• Approved By: New Mexico Office of Superintendent of Insurance
• Provider Number: 500033375
• New Mexico Course Number: 6000225927
• Course Length: 5 credit hours
• Course Credits: GEN-5
• Course Group: Life
• Instruction Method: Self-study
• Effective Date: September 2, 2026
• Expiration Date: September 2, 2028
• Course Format: 100% online, self-paced
• Price: $19.99
• Certificate: Emailed immediately upon completion
• Reporting: 1st Choice CE reports approved completions to the New Mexico Office of Superintendent of Insurance
• Support: Phone or text 1-800-698-2770

✅ Who Should Take This Course?

• New Mexico licensed resident producers renewing a license with life authority
• Producers who need 5 approved general hours toward New Mexico's 24-hour requirement
• Agents who position life insurance inside a retirement plan and want the tax side right
• Producers who read policy illustrations to clients and need to explain lapse risk honestly
• Agents handling beneficiary designations, ownership structures and business planning
• Newly licensed producers building a working foundation in life and annuity products
• Agency staff who prepare replacement and exchange files

✅ Does This Course Satisfy the State Requirement?

This course provides 5 approved credit hours toward New Mexico's 24-hour continuing education requirement, approved in the Life group and reported as GEN-5 credits. It does not by itself satisfy the full requirement, it does not satisfy the 3-hour ethics requirement, and — because it is a self-study course — it cannot supply the 3 hours New Mexico requires you to earn with live-instructor interaction. The New Mexico Office of Superintendent of Insurance approved it under provider #500033375, course #6000225927, effective September 2, 2026, with an expiration date of September 2, 2028.

✅ New Mexico Continuing Education Requirements

New Mexico runs a two-year compliance period and the arithmetic is simple, but it has a catch that most self-study catalogues do not mention. The Office of Superintendent of Insurance requires a resident producer to complete 24 credit hours each renewal cycle — 21 general hours and 3 hours of ethics. Separately, 13.4.7.10(D)(2) NMAC requires that at least 3 of those hours be earned in a formal classroom, or in another learning format that lets you interact with a live instructor.

Those two rules are written in different sections and are not expressly linked, which means a single live-instructor ethics course can satisfy both at once. What they rule out together is a renewal built entirely from self-study. Every 1st Choice CE New Mexico course, including this one, is approved as self-study, so our catalogue can supply at most 21 of your 24 hours.

• 24 credit hours per two-year compliance period for resident producers and adjusters, excluding limited lines
• 3 hours must be ethics — 13.4.7.9(A)(1) NMAC
• 3 hours must involve a live instructor — formal classroom or an interactive format, 13.4.7.10(D)(2) NMAC
• Online and self-study formats are permitted for the remaining hours — 13.4.7.10(D)
• No carryover. Hours earned in one compliance period cannot be applied to the next — 13.4.7.9(B) NMAC

Some licensees are exempt altogether. 13.4.7.2(B) NMAC exempts limited license holders, licensees continuously licensed for 25 years or more without a lapse of more than 90 days, licensees who keep a license solely for renewal fee residuals without transacting insurance, fraternal benefit society agents, and nonresident licensees who already comply with their home state. If you think an exemption applies to you, confirm it with OSI before you buy hours.

New Mexico keeps your record for you. Your reported courses are visible by logging in to SBS, and OSI strongly encourages finishing your hours at least 90 days before your license expires. Completing CE late carries a $50.00 penalty before OSI will process the renewal.

How this course helps: This 5-hour course contributes 5 of the 24 hours a New Mexico resident producer must complete each two-year compliance period. It carries GEN-5 credits. It does not count toward the 3 required ethics hours, and it does not count toward the 3 hours that must be earned in a formal classroom or another format that lets you interact with a live instructor. After this course you still need 19 hours, and those remaining hours must include the 3 ethics hours and the 3 live-instructor hours — a single live ethics course can satisfy both.

✅ When Do New Mexico Producers Renew?

New Mexico producer licenses run on a two-year term and your compliance period is defined in 13.4.7.7(F) NMAC as the time between your issue date or last renewal date and your expiration date. The deadline therefore moves with your own license record rather than sitting on a fixed statewide date — check your expiration date, not a calendar rule of thumb.

OSI describes the renewal period as beginning the day after your expiration date and running to the next expiration date, which gives you roughly 24 months. It strongly encourages completing your hours a minimum of 90 days before expiration, and there is a practical reason for that: providers have up to 10 days to report completions, and you must wait 24 hours after hours are banked before you can submit the renewal application.

Because there is no carryover, hours finished after your expiration date do nothing for the cycle that just closed. Leaving 24 hours to the final fortnight is the single most common way a New Mexico producer ends up paying the $50 late-CE penalty.

✅ How to Renew Your New Mexico Insurance License

Step 1: Check your expiration date and what you still owe

Log in to SBS and look at your license record and your reported continuing education. That tells you your actual deadline and exactly which hours have already been credited.

Step 2: Confirm the shape of your requirement

Most resident producers owe 24 hours: 21 general and 3 ethics. At least 3 of the 24 must be earned with live-instructor interaction. Check whether an exemption under 13.4.7.2(B) NMAC applies to you before buying anything.

Step 3: Complete your self-study hours

Work through the approved online courses that make up the bulk of your requirement. 1st Choice CE covers up to 21 of your 24 hours this way.

Step 4: Complete the ethics and live-instructor hours

Take a 3-hour ethics course delivered in a formal classroom or another format that lets you interact with a live instructor. One course that is both ethics and live satisfies both minimums at once.

Step 5: Allow time for reporting

Providers have up to 10 days to report your completed hours to OSI, and you must wait 24 hours after the hours are banked before submitting your renewal. Finish early — OSI recommends at least 90 days out.

Step 6: Verify your hours on SBS

Log in to SBS and confirm every course has posted and the totals are right, including the ethics hours. The transcript is what OSI reads.

Step 7: Submit the renewal through NIPR and pay the fee

Submit your renewal application through NIPR, update your contact and business information, and pay the fee the application shows. Keep the receipt and confirm the license shows as active with a new expiration date.

✅ What You Will Learn

• Core life insurance concepts, term design and the permanent product families
• Whole life components and the universal life variations from current assumption to indexed and variable
• How to read an illustration, test its assumptions and explain lapse risk before a client relies on it
• Annuity fundamentals, distribution options and the contract costs that shape the real outcome
• The income tax treatment of the death benefit, cash value, policy loans and MEC status
• How exchanges and repositioning work when coverage is restructured
• Beneficiary designations, ownership structures and the consequences of getting either wrong

✅ Course Content Overview

Hour 1 – Life Insurance Foundations and Product Fit in Retirement Planning

Core life insurance concepts including insurable interest, underwriting classification and the contract provisions common to every policy. Covers term life policy design and its conversion privileges, an overview of the permanent product families, and the needs analysis and suitability basics that determine which product genuinely fits a client's retirement plan.

Hour 2 – Permanent Life Insurance Features, Policy Performance and Client Expectations

Whole life policy components including guaranteed cash value, dividends and paid-up additions, and the universal life variations from current assumption through indexed and variable designs. Covers riders and benefit enhancements, and how to read policy illustrations, test performance assumptions and explain lapse risk before a client relies on the numbers.

Hour 3 – Annuity Products Beyond the Basics and Their Role in Retirement Income

Annuity fundamentals and the accumulation-to-distribution structure. Covers fixed, indexed and variable contracts and their risk profiles, the distribution options and guaranteed income features clients buy them for, and the contract costs and constraints — surrender periods, market value adjustments and rider charges — that shape the real outcome.

Hour 4 – Taxation and Retirement Planning Integration for Life Insurance and Annuities

Tax basics for life insurance, including the income tax treatment of the death benefit, cash value growth, policy loans and modified endowment contract status. Covers annuity taxation concepts, how both products integrate with the rest of a retirement plan, and the exchange and repositioning rules that apply when coverage is restructured.

Hour 5 – Estate Planning Uses, Policy Replacement Standards and Compliance Expectations

Beneficiary designations and ownership structures, and the consequences of getting either wrong. Covers life insurance in estate and business planning, the replacement and exchange risks that trigger heightened disclosure, and the compliance and documentation standards that support the recommendation if it is ever questioned.

✅ Other Related Courses and Packages

Save with a package – everything in one purchase:

• 21-Hour New Mexico Property and Casualty Insurance CE Package – $64.99
• 21-Hour New Mexico Life and Health Insurance CE Package – $64.99
• 21-Hour New Mexico Dual-Line Insurance CE Package – $64.99

Individual New Mexico insurance CE courses:

• 3 HRs Emerging Risks and Specialty Coverages - New Mexico – $19.99
• 3 Hrs Insurance Fraud and Claims Handling (P&C Focus) - New Mexico – $19.99
• 3-Hour Flood Insurance (NFIP) - New Mexico – $19.99
• 4 HRs Commercial Lines Insurance Essentials - New Mexico – $19.99
• 4 HRs Health Insurance and Affordable Care Act Updates - New Mexico – $19.99
• 4 HRs Homeowners Insurance Overview - New Mexico – $19.99
• 4 HRs Medicare Advantage and Part D Update - New Mexico – $19.99
• 4 HRs Personal Auto and Umbrella Insurance - New Mexico – $19.99
• 4 Hrs Ongoing Long-Term Care Insurance Partnership Training - New Mexico – $19.99
• 4-Hour Annuity Best Interest/Suitability - New Mexico – $19.99

✅ Why Choose 1st Choice CE?

• Approved by the New Mexico Office of Superintendent of Insurance — provider #500033375, course #6000225927
• Affordable at $19.99 with no hidden fees
• 100% online and self-paced — log in and out anytime without losing progress
• Instant emailed certificate the moment you finish
• We report approved completions to the New Mexico Office of Superintendent of Insurance
• Money-back guarantee
• Over 10 years of continuing education experience
• Support by phone or text at 1-800-698-2770

✅ Enroll Now

Enroll in 5 HRs Life Insurance Products and Retirement Planning - New Mexico today for $19.99. The course is fully online and self-paced, your certificate is emailed the moment you finish, we report your completion to New Mexico, and every enrollment is backed by our money-back guarantee. Questions? Call or text 1-800-698-2770.