Fundamentals of Insurance

Course Number: ABA

Course Code: ABA

Describes how risk is addressed through insurance, which is an important component of an overall wealth management plan. Describes homeowners insurance, homeowners liability, homeowners medical payment coverages, and optional floaters and endorsements. Explores types of auto insurance coverages. Describes the purpose of umbrella policies, and the features of comprehensive personal liability policies. Explains who needs business liability policies, and describes the elements of professional liability policies. Explains the types of life insurance policies available.  Explores the options available in employer-provided medical insurance, and explains the government-provided medical insurance plans. Explains how to identify individuals that should consider critical illness insurance and describes providers of disability income insurance coverage, and explains the different policy riders. Discusses the features of long-term care (LTC)  insurance and tax-qualified LTC policies. Describes types of special coverage insurable risks and typical associated coverages.

What You’ll Learn

After completing this course, students will be able to:

  • Explain how risk is addressed through insurance
  • Identify the features of homeowners insurance
  • Identify auto insurance coverages
  • Explain the various types of liability insurance 
  • Describe the various types of life insurance
  • Describe the medical insurance options available to clients
  • Identify the providers and optional riders offered with disability income insurance
  • Explain long-term care insurance and the policies recommended
  • Describe the types of special coverages available to clients

Audience: Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.

Prerequisites: N/A

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Member Price: $135.00
Non-Member Price: $185.00
Textbook Charge: $0.00

Credits: 1.50 CTFA

Length: Approximately 70 minutes

ABA Training