Writing Non-Traditional Life Insurance Contracts

Providing the Best Option for Your Clients

$8.00 + your state filing fee
4 Credit Hours

This course favors life insurance agents but is applied as general credit for all agents.

COURSE DIFFICULTY

Basic
This course covers the following topics:
  • Gain an understanding of non-traditional life insurance policies available to clients today
  • Discuss the many varieties of life insurance products available beyond term life insurance
  • Examine these insurance products, the differences among them, as well as some of the legal and tax implications of each

Summary

With more American families continuing to struggle financially, there has never been a more critical time for people to own an adequate amount of life insurance. Today, about one in four middle-market households admit to not knowing how to obtain or reach their financial goals – including how to purchase life insurance. Almost 8 in 10 households do not have a personal life insurance agent or broken – which gives insurance agents a prime opportunity to educate the market and provide a critical service to family across the country. The purpose of this course is to help students understand non-traditional life insurance policies available to clients today. We will discuss the many varieties of life insurance products available beyond term life insurance. The student should be well versed in both the development of these insurance products, the differences among them, as well as some of the legal and tax implications of each.

Outline

1. Introduction

  • 1.1 Purpose of Course
  • 1.2 Traditional and Non-Traditional Life Insurance
  • 1.3 History of Life Insurance Products
  • 1.4 Origins and Growth
  • 1.5 Summary
  • Affidavit of Personal Responsibility
  • Chapter 1 Quiz

2. Adjustable Life

  • 2.1 Traditional Features
  • 2.2 Adjustment Provisions
  • 2.3 New Concepts in Adjustable Life
  • 2.4 Common Features
  • 2.5 Traditional Concepts
  • 2.6 Summary
  • Chapter 2 Quiz

3. Universal Life Insurance

  • 3.1 Product Design
  • 3.2 Tax Issues
  • 3.3 Common Features
  • 3.4 Ledger Illustrations
  • 3.5 Annual Statements
  • 3.6 Summary
  • Chapter 3 Quiz

4. Current Assumption Whole Life

  • 4.1 What is Current Assumption Whole Life?
  • 4.2 Low Premium and High Premium Comparison
  • 4.3 Common Features
  • 4.4 Annual Reports
  • 4.5 Summary
  • Chapter 4 Quiz

5. Variable Life Insurance

  • 5.1 Product Development
  • 5.2 Securities Regulation
  • 5.3 General Design Features
  • 5.4 Understanding the Risks
  • 5.5 Tax Issues
  • 5.6 Summary
  • Chapter 5 Quiz

6. Variable Universal Life Insurance

  • 6.1 Product Design
  • 6.2 Illustrations and Reports
  • 6.3 Buying Considerations
  • 6.4 Summary
  • Chapter 6 Quiz

7. Conclusion

  • 7.1 Conclusion

Final 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.

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