This course is designed to help insurance producers renew a license. The 11 hours of continuing education training cover many aspects of life insurance.
The course begins by reviewing general insurance principles. This part of the course talks about insurance in general, discussing topics such as fundamental concepts such as risk and loss, the structure of insurers, and the legality of insurance contracts.
After this the course moves into the fundamental concepts of life insurance. This part of the course touches on topics such as contract provisions, annuities, qualified plans, and taxation of life insurance.
The segments covering fundamental concepts will discuss the nature and purpose of life insurance, the different types of life policies, and what this kind of insurance is used to accomplish.
The training on contract 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 the first part of this course will address taxation of life insurance and annuities.
Course Format: Text
Credit Type: Life
Course ID(s): 88904134
Approved By: Department of Banking & Insurance
- Life Insurance
- General Insurance [9 Activities]
- 01. Introduction General Insurance (Video)
- 02. General Insurance
- 03. Contracts, Loss, Hazards & Insurable Risk (Video)
- 04. Elements of an Insurable Risk
- 05. General Insurance: Producers (Video)
- 06. Producers and the General Rule of Agency
- 07. General Insurance: Contracts (Video)
- 08. Legal Interpretations Affecting Insurance Contracts
- 09. General Insurance: Conclusion (Video)
- Life Insurance Basics [9 Activities]
- 01. Introduction to Life Insurance Basics (Video)
- 02. Life Insurance Basics
- 03. Types of Life Insurance Policies (Video)
- 04. Type of Policies
- 05. Disclosure and Transparency (Video)
- 06. Disclosure and Transparency Requirements
- 07. Field Underwriting (Video)
- 08. Field Underwriting
- 09. Conclusion to Life Insurance Basics (Video)
- Life Insurance Policies [11 Activities]
- 01. Life Insurance Policies (Video)
- 02. Life Insurance Policies
- 03. Term Insurance Policies (Video)
- 04. Whole Life Insurance
- 05. Whole Life Insurance (Video)
- 06. Flexible Premium Policies
- 07. Flexible Premium Policies (Video)
- 08. Specialized Policies
- 09. Specialized Life Policies (Video)
- 10. Group Life Insurance
- 11. Life Insurance Policies Conclusion (Video)
- Life Insurance Policy Provisions, Options, and Riders [11 Activities]
- 01. Introduction to Life Insurance Policy Provisions, Options and Riders (Video)
- 02. Standard Policy Provisions
- 03. Life Insurance Policy Provisions, Options and Riders Introduction (Video)
- 04. Beneficiaries and Trusts
- 05. Beneficiaries and Trusts (Video)
- 06. Options
- 07. Settlements Options (Video)
- 08. Disability and Other Riders
- 09. Disability and Other Riders (Video)
- 10. Riders for Additional Insured and Riders Affecting the Death Benefit
- 11. Provisions, Options and Riders Conclusion (Video)
- Annuities [6 Activities]
- 01. Introduction to Annuities (Video)
- 02. Annuity Principles and Concepts
- 03. Introduction to Annuities and ??Annuity Payout Options (Video)
- 04. Annuity Benefit Payment Options
- 05. Uses of Annuities
- 06. Annuities Conclusion (Video)
- Qualified Plans [5 Activities]
- 01. Introduction to Qualified Plans (Video)
- 02. Qualified Retirement Plan Basics
- 03. Qualified Plans Introduction (Video)
- 04. Plan Types, Characteristics and Purchasers
- 05. Qualified Plan Descriptions and Other Information (Video)
- Federal Taxation of Life Insurance [10 Activities]
- 01. Introduction to Federal Taxation of Life Insurance (Video)
- 02. Life Insurance Taxes
- 03. Federal Taxation of Life Insurance Introduction (Video)
- 04. Modified Endowment Contracts: MECs (Video)
- 05. Modified Endowment Contracts
- 06. Taxation of Non-Qualified Annuities
- 07. Taxation of Non-Qualified Annuities (Video)
- 08. Taxation of Individual Retirement Accounts (IRAs)
- 09. Taxation of Individual Retirement Plans and Section 1035 Policy Exchanges (Video)
- 10. Federal Taxation of Life Insurance Conclusion (Video)
- General Insurance [9 Activities]
- Final Exam
- Set up your Exam Proctor
- Student and Proctor Affidavit
- Final Exam (60 questions)
- Purchase Online Proctoring
- Schedule Proctoring Session
- Start Proctoring Session
- Online Proctored Final Exam (60 questions)
- Course Completion
- Mandatory Questionnaire
- Certificate of Completion
- Guaranteed Next-Day Reporting
