Introduction to Life Insurance - CLEQ

Overview

Life insurance is a product that many people need. It is an invaluable tool for providing financial support for one’s spouse, children, and other beneficiaries, and it also helps one meet business-related financial needs. Life insurance provides peace of mind for many other important concerns as well—concerns that, perhaps, are not obvious considerations when one is considering purchasing life insurance, such as funeral expenses, final medical expenses, debt reduction or elimination, and taxes.

This course provides a comprehensive look at the many different types of life insurance coverages and their use and application to individual, family, and business needs. The course explores term life insurance, the many forms of permanent life insurance, and group life insurance as well.

Learning Objectives

Upon completion of this course, students will be able to:

  • explain why life insurance is an invaluable purchase for most people
  • describe the many uses for life insurance.
  • demonstrate understanding of the types of individual life insurance that are available: term life insurance, whole life insurance, universal life insurance, and variable life insurance.
  • explain the basic concepts and types of group life insurance.
  • identify important concepts that affect the income tax treatment given to life insurance policies.
  • apply certain guidelines on how to choose the appropriate policy type for clients

Designed For

Life and health insurance producers
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