Overview
Many Americans lack sufficient life insurance, often due to cost concerns, but term life insurance offers affordable, temporary coverage. This course covers term life insurance characteristics, including renewability, conversion features, riders, types (level, decreasing, increasing), beneficiary designations, settlement options, taxation, and its uses in individual and group markets.
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License or Certification
Regulator
Type
Learning Objectives
- Compare and contrast term life insurance and permanent life insurance
- Understand how a term life insurance policy's renewal option works
- Explain how a term life insurance policy may be converted to a permanent life insurance policy
- Compare and contrast level term, decreasing term, and increasing term insurance
- Identify the basic policy provisions that are normally part of a term life insurance policy
- List the most popular additional benefits that can be added by rider to a term life insurance policy
- Describe the exclusions that a life insurance policy may contain
Designed For:
Course Information
Adding additional credit may change exam requirements.
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S2-32 - Framework