Rhode Island 8 Hour Life: Fundamentals

$19.00

8 Hour Course

Course ID: 6000019150

Approved By: Rhode Island Department of Business Regulation


Add to Cart (877) 724-6150

In this 8-hour course, we’ll review some life and health topics you’re familiar with, and we’ll discuss some things that may be new to you. We’ll start by reviewing fundamental principles of life and health insurance, including concepts like risks, perils, losses, and hazards. We’ll talk about risk management and some techniques you can use to manage risk. You’ll also learn about producers and agency relationships, before we move on to contracts. Then we’ll talk about how to complete an application and write a policy.

Next, we’ll look at life insurance in detail in our Fundamental Life class. We’ll start with the history and classifications of life insurance, including whole, universal, variable, and term. Then, we’ll talk about the different ways that life insurance can be used. You’ll learn about the factors that are considered when determining an individual’s premium, and about the underwriting process.

Our Life Insurance Policies class will go into greater detail with life insurance. We’ll talk about variations of policies such as equity indexed, enhanced ordinary, and modified whole life policies. We’ll also take a close look at flexible policies and specialized policies. Group policies will also be discussed.

In our Life Insurance Policy Provisions class, we’ll talk about standard provisions you can expect to see in a life insurance policy. We’ll also cover options and riders, and how they affect the coverage provided.

The next class will discuss health insurance policies, including mandatory uniform provisions you can expect to see, as well as some common general provisions and riders.

Our class on Qualified Plans will talk about the general requirements for retirement plans to be “qualified”, or eligible for favorable tax treatment. We’ll talk about the characteristics of these plans, and about how rollovers, transfers, and 1035 exchanges work. We’ll also touch on the tax benefits of some different types of retirement income, including social security.

After that, we’ll talk about life insurance policies which are affected by securities, or security-linked life insurance. You’ll also learn a bit about variable life insurance and variable annuities as securities.

In our Annuities class, we’ll review the principles and concepts that annuities are based on, before discussing the differences between immediate and deferred annuities. Then we’ll cover payment options, different types of annuity products, and the various uses of annuities.

Finally, we’ll talk about how life insurance is taxed at a federal level. We’ll compare taxation of group versus individual health insurance, and taxation of nonqualified annuities and individual retirement annuities.

  • Life Fundamentals
    • General Principles [21 Activities]
      • 01. Introduction to Fundamental Insurance (Video)
      • 02. What is Insurance?
      • 03. Risk and Risk Management
      • 04. Risk and Risk Management - Part 2
      • 05. Insurers (Video)
      • 06. Insurers - Part 1
      • 07. Financial Status (Video)
      • 08. Insurers - Part 2: Financial Status
      • View Additional Activities
        • 09. Insurance Producers (Video)
        • 10. Producers and Agency Relationships - Part 1
        • 11. Producers and Agency Relationships - Part 2: Creation of an Agency Relationship
        • 12. Producers and Agency Relationship - Part 3: Authority, Powers, and Responsibilities of Producers
        • 13. Contracts (Video)
        • 14. Contracts - Part 1
        • 15. Contracts - Parts 2: Elements of a Legal Contract
        • 16. Contracts - Part 3: Distinct Characteristics of an Insurance Contract
        • 17. Contracts - Part 4: Legal Interpretations Affecting Contracts
        • 18. Completing the Application, Underwriting, and Delivering the Policy - Part 1
        • 19. Completing the Application, Underwriting, and Delivering the Policy - Part 2
        • 20. Completing the Application, Underwriting, and Delivering the Policy - Part 3
        • 21. Conclusion (Video)
    • Fundamental Life [9 Activities]
      • 01. Introduction to Fundamentals of Life Insurance (Video)
      • 02. Introduction to Life Insurance; Common Classifications of Life Insurance
      • 03. Uses of Life Insurance (Video)
      • 04. Uses for Life Insurance: Personal and Business Uses of Life Insurance
      • 05. Uses for Life Insurance: Determining Amount of Personal Life Insurance
      • 06. Aspects of Life Insurance
      • 07. Individual Underwriting by the Insurer (Video)
      • 08. Individual Underwriting by the Insurer
      • 09. Conclusion (Video)
    • Life Policy Types [14 Activities]
      • 01. Introduction to Life Insurance Policies (Video)
      • 02. Life Insurance Basics
      • 03. Policy Descriptions in Brief
      • 04. Whole Life Insurance and Term Life Insurance (Video)
      • 05. Individual Policies in Detail: Whole Life Insurance
      • 06. Individual Policies in Detail: Term Life Insurance
      • 07. Flexible Policies and Specialized Policies (Video)
      • 08. Individual Policies in Detail: Flexible Policies
      • View Additional Activities
        • 09. Individual Policies in Detail: Specialized Policies
        • 10. Individual Policies in Detail: Endowment Policies and Worksite Plans
        • 11. Group Life Insurance and Credit Life Insurance (Video)
        • 12. Group Policies in Detail
        • 13. Credit Life Insurance
        • 14. Conclusion (Video)
    • Standard Provisions [17 Activities]
      • 01. Introduction to Life Insurance Policy Provisions (Video)
      • 02. Standard Policy Provisions - Part 1
      • 03. Standard Policy Provisions - Part 2
      • 04. Beneficiaries (Video)
      • 05. Standard Policy Provisions - Part 3
      • 06. Standard Policy Provisions - Part 4
      • 07. Options (Video)
      • 08. Options - Part 1
      • View Additional Activities
        • 09. Options - Part 2
        • 10. Options - Part 3
        • 11. Riders (Video)
        • 12. Riders - Part 1
        • 13. Riders: Additional Uses (Video)
        • 14. Riders - Part 2
        • 15. Riders - Part 3
        • 16. Riders - Part 4
        • 17. Conclusion (Video)
    • Qualified Plans [12 Activities]
      • 01. Introduction to Qualified Plans (Video)
      • 02. Qualified Plans - Part 1
      • 03. Qualified Plans - Part 2: Plan Types, Characteristics, and Purchasers
      • 04. Federal Tax Considerations for Qualified Plans (Video)
      • 05. Qualified Plans - Part 3: Federal Tax Considerations for Qualified Plans
      • 06. Rollovers, Transfers, and 1035 Exchanges (Video)
      • 07. Rollovers and Transfers
      • 08. Section 1035 Exchanges
      • View Additional Activities
        • 09. Social Security Benefits
        • 10. Employee Retirement Income Security Act (Video)
        • 11. Employee Retirement Income Security Act (ERISA)
        • 12. Conclusion (Video)
    • Life Insurance and Securities [4 Activities]
      • 01. Introduction to Life Insurance and Securities (Video)
      • 02. Introduction
      • 03. Variable Life Insurance and Variable Annuities as Securities
      • 04. Conclusion (Video)
    • Annuities [10 Activities]
      • 01. Introduction to Annuities (Video)
      • 02. Annuity Principles and Concepts
      • 03. Immediate versus Deferred Annuities
      • 04. Annuity Payment Options (Video)
      • 05. Annuity (Benefit) Payment Options
      • 06. Annuity Products (Video)
      • 07. Annuity Products
      • 08. Uses of Annuities (Video)
      • 09. Uses of Annuities
      • 10. Conclusion (Video)
  • Final Exam
    • Final Exam (50 questions)
  • Course Completion
    • Mandatory Questionnaire
    • Certificate of Completion

Instructor Bio


keith haley insurance instructor atyourpaceonline
Keith Haley is the Online Insurance instructor and industry expert for At Your Pace Online. In addition to his insurance license, Keith holds a Bachelor's degree in Finance, Master's degree in Education, and is a Certified Financial Planner and licensed insurance producer. As an entrepreneur, over his career Keith has owned and managed businesses in a wide range of professions, including car sales, financial consultation, and insurance sales and management. With over twenty years of experience in business, sales, and education, Keith brings a broad range of practical and academic knowledge to our courses.