PACE CE

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.

Summary Details

Hours

4.0

Price

$19.95





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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.

Access Period: 12 months
Prerequisites: None
Delivery Method: Self-Study
PDF Download: Available
Provider of Record: WebCE
Last Reviewed: March 2023
Study Level: Intermediate
Approved For: General

Exam

Proctor: No
Passing Grade: 70
Questions: 20



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