Business Owner Disability Possibilities

Navigating Insurance Offerings to Help Businesses and their Employees

$8.00 + your state filing fee
4 Credit Hours

This course favors L&H insurance agents but is applied as general credit for all agents.

COURSE DIFFICULTY

INTERMEDIATE
This course covers the following topics:
  • A deep dive into the history of disability insurance, the various types of disability insurance and programs, and some key features of disability insurance policies.
  • Discuss individual disability insurance and government programs, with a focus on employer-provided disability insurance
  • Examine various features of disability policies and their limitations as well as the tax implications that come with these benefits

Summary

Despite what many people believe, your most valuable asset isn’t your home, vehicle or even your carefully planned-for retirement account: it’s your ability to make a living. Disability insurance is a critical insurance offering because it pays a portion of an insured individual’s income in the event he or she cannot work for an extended period due to an illness or injury. There are many different types of disability insurance on the market today, as well as various government programs, that help to offset the inevitable costs that result from becoming disabled. While no one likes to believe they may miss months, or even years, of work due to an injury or illness, especially those who are young, healthy and have a low-risk job, statistics show more than one in four 20-year-olds will experience a disability for 90 days or more before they reach age 67 (according to the Social Security Administration.) In this course, we will provide insurance producers an in-depth understanding of the history of disability insurance, the various types of disability insurance and programs, and some key features of disability insurance policies. While we will review individual disability insurance and government programs – we will focus primarily on employer-provided disability insurance. In addition to various features of disability policies, we will address their limitations, as well as the tax implications that come with these benefits.

Outline

1. Introduction to Disability Insurance

  • 1.1 Overview
  • 1.2 Purpose of the Course
  • 1.3 Understanding the Americans With Disabilities Act (ADA)
  • 1.4 Defining “Disability” According to the ADA
  • 1.5 Understanding “Undue Hardship” and “Reasonable Accommodation”
  • 1.6 Disability Insurance 101
  • 1.7 Disability Insurance Facts & Figures
  • 1.8 Summary
  • Affidavit of Personal Responsibility
  • Chapter 1 Quiz

2. Disability Benefits for Business Owners

  • 2.1 Overview
  • 2.10 Summary
  • 2.2 Why Do Businesses Purchase Disability Insurance?
  • 2.3 Group Disability Insurance
  • 2.4 Disability Insurance for the Business
  • 2.5 Key Person Disability Insurance
  • 2.6 Business Overhead Expense (BOE) Insurance
  • 2.7 Disability Buy-Out Insurance
  • 2.8 Understanding “Overinsurance”
  • 2.9 Disability Insurance and Employment Statistics
  • Chapter 2 Quiz

3. Understanding Individual Disability Insurance Policy Features

  • 3.1 Overview
  • 3.2 Common Policy Features
  • 3.3 Disability Insurance Policy Benefits
  • 3.4 Optional Features and Riders
  • 3.5 The Exclusions and Limitations
  • 3.6 Making a Disability Claim
  • 3.7 Summary
  • Chapter 3 Quiz

4. Understanding Workers’ Compensation Insurance

  • 4.1 Overview
  • 4.2 History of Workers’ Compensation Insurance
  • 4.3 Understanding the Role of “Negligence”
  • 4.4 Insurance Requirements
  • 4.5 Who is, and is Not, Covered by Workers Compensation?
  • 4.6 Special Situations
  • 4.7 What is Considered a Work-Related Injury?
  • 4.8 Who Handles the Claims?
  • 4.9 Summary
  • Chapter 4 Quiz

5. Tax Implications of Disability Income Insurance

  • 5.1 Overview
  • 5.2 Individual Disability Income Insurance
  • 5.3 Employer-Sponsored Group Disability Insurance
  • 5.4 “Cafeteria Plan” Benefits
  • 5.5 Government Disability Insurance
  • 5.6 Group Association Disability Insurance
  • 5.7 Tax Advice for Individuals
  • 5.8 Summary
  • Chapter 5 Quiz

Exam

  • Final Exam

FAQ

Q: What should I expect from this online course?

A: We use a unique system to help you learn the material easily. Our online courses present you with information in large type that is easy to read. We highlight key items in gray and quiz you after each chapter to make sure you are learning critical information. You may review the material as much as you want before taking your required online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

Q: Can I print my online course materials and test questions?

A: According to the state authority, it is not permissible to print or download any course material or exam questions. However, you are free to access all online courses from our website anytime.

Q: How long does it take to complete an online course?

A: The time required to complete an online course varies from student to student, but it roughly approximates the number of credit hours awarded for the course. You must pass an online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

Don't Take Our Word For It...

Review Business Owner Disability Possibilities.

Your email address will not be published. Required fields are marked *

Post comment