Florida 20 Hour Life, Health, and Annuities Review

An insurance producer who completes this continuing education course will gain 20 hours of instruction on life and health insurance. The course is broken into three large parts:

1. general insurance,
2. life insurance and annuities, and
3. accident and health insurance.

The first part is a broad overview of insurance and the insurance industry. This part will address both the concept of insurance and the general practices of insurance producers.

The second part discusses life insurance policies and their provisions, annuities, qualified retirement plans, and the taxation of life insurance policies and benefits.

• The training on life insurance policies and their provisions will talk about the standard provisions found in life insurance policies before moving onto a discussion of beneficiaries and options and riders.
• The annuities segment will take an in depth look at annuity contracts including their relation to life insurance and how they are used.
• The instruction on qualified plans will examine retirement plans, what it means for a plan to be qualified, and how this affects the taxation of benefits.
• The last segment of this part of this course will address taxation of life insurance and annuities and benefits that can be gained from these kinds of insurance products.

The third part on accident and health insurance explores accident and health insurance policies, medical plans, group health insurance, long term care insurance, and insurance policies related to disability income.

• The portion on health insurance policies will go over the contractual elements of an accident and health insurance policy.
• The instruction on medical plans will discuss the various types of medical plans, managed care, cost containment strategies, and important federal laws such as the ACA and HIPAA.
• The training on group health will examine group health insurance policies in comparison to individual health insurance coverage. This segment will also explore conversion options and group health policies for small employers.
• The segment about Medicare will take a close look at the entire program including who is eligible, what Medicare provides to participants, and options for people who don’t qualify.
• Long term care insurance (or LTC) is the primary interest of one segment of this course. This segment will cover the primary elements of LTC, how LTC can be marketed, and suitability issues.
• The final segment of the course talks about disability income and underwriting.

Videos, examples, and imagery are utilized throughout the course to enhance comprehension for visual and auditory learning styles. After each lesson, students will be asked a single question about the material. One final exam of 105 questions will test the student’s knowledge.

Course Format: Text

Credit Type: Life, Health, Annuity

Course ID(s): 120395

Approved By: Florida Department of Financial Services - Division of Insurance