Insurance > North Dakota > Life / Health

Life Insurance Ownership and Beneficiary Designations

Overview

Understanding life insurance requires knowledge of ownership rights and beneficiary designations, which define the policy’s terms during the insured’s life and after their death. This course covers the owner’s rights and responsibilities, the role of beneficiaries, contract formation, ownership arrangements (including viatical and life settlements), beneficiary designations, and the tax implications for owners and beneficiaries.

Summary Details

Hours

9.0

Price

$24.70





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Learning Objectives

  • Explain how life insurance contracts are formed
  • Describe the rights and responsibilities associated with life insurance policy ownership
  • Demonstrate understanding of third-party ownership arrangements, including viatical and life settlements
  • Describe the role and rights of life insurance beneficiaries
  • Recognize unique and problematic beneficiary designations
  • Demonstrate an understanding of the income and estate tax treatment of life insurance to owners and beneficiaries


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
Provider Number: 1253
Last Reviewed: February 2025
Study Level: Intermediate
Approved For: Life / Health

Exam

Proctor: No
Passing Grade: 70
Questions: 25



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