Term Life Insurance

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.

Find this course for your license

License or Certification

Regulator

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:

Life and health insurance producers and finance professionals

Course Information

Adding additional credit may change exam requirements.

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