Description
Note: This course was previously titled Managing Life Insurance Policies.
Describes the use of life insurance as a financial tool. Compares term life insurance and permanent insurance, including common types. Discusses the appropriate use of policy illustrations. Explains how to manage the death benefit option in a universal life policy, and the type of expenses associated with variable universal life policies. Describes how wealth accumulates in variable universal life policies.
What You’ll Learn
After completing this course, students will be able to:
- Explain the use of life insurance as a financial tool
- Describe the characteristics of term life insurance and permanent life insurance, and the common types of term and permanent life insurance policies
- Describe the management of universal life policies including expenses and wealth accumulation
