Personal Life Insurance Planning - IL

Insurance Continuing Education in Illinois

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Your Price: $11.01

regular price: $12.95

4 credit hours

If purchased today, this course must be completed by:
July 31, 2021

Description

In this course you will be introduced to terms and concepts used in connection with personal life insurance planning. Each new term is defined in the text and included in the Glossary. The concepts are explained and, where appropriate, are demonstrated through the use of examples.

This information is important for agents selling insurance products to customers and for advisers assessing the appropriateness of a life insurance recommendation for a client. An understanding of the methods used to determine suitable life insurance amounts to meet survivors’ lump-sum cash needs and income needs will assist the agent and adviser to better serve consumers and help ensure that appropriate life insurance amounts are recommended and purchased when they are suitable to meet client needs.

Upon completion of this course, you should be able to:

  • Describe the early attempt to calculate appropriate life insurance amounts known as the human life value method.
  • Understand the importance of basing client insurance requirements on a thoroughgoing analysis of needs.
  • Gather the appropriate client information required to perform an insurance needs analysis.
  • Identify and calculate a client’s family’s lump-sum needs at the death of a breadwinner.
  • Understand the Social Security survivor benefits that need to be considered in analyzing survivors’ needs for life insurance to replace income.
  • Identify and calculate survivors’ income needs during the dependency period, blackout period and retirement period.

 

Exam Details

Need Proctor?No
Question Count:25
Passing Grade:70%
Attempts to Pass:Unlimited
Note: If you choose to request additional credit types while taking this course, the number of exam questions and proctor rules may change to meet those credits' requirements.

Course Details

Course Number:71808
Approved Title:Personal Life Insurance Planning
Provider:InsuranceStudy.com
Provider Number:102378
Topics Covered:Life and Health, Life
Approved Credits
4 credits in General
Program Level:Intermediate

Rules for Illinois Insurance Continuing Education

  • This state allows for course material to be downloaded. Please note that not all courses will have content that is suitable or available for downloading.
  • Exam is open book.
  • The state of Illinois charges an additional fee of $1.00 per credit hour.