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4 Credits
In the state of North Carolina, you need 24 credit hours every 2 years. Once you complete this course, we'll send over your passing grade so you get the credit you need.
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6 Chapters
This course goes deep into Universal Life so that you not only get CE credits for your state but you gain valuable knowledge.
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3-6-5
Access your courses, certificates, transcript here 365 days a year. Everything you need in one place so you can get back to what matters to you.
Course Curriculum
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1
1. Introduction
- Affidavit of Personal Responsibility
- 1.1 Purpose of Course FREE PREVIEW
- 1.2 A Changing Environment for Life Insurance FREE PREVIEW
- 1.3 Key Influences
- 1.4 Summary
- Chapter 1 Quiz FREE PREVIEW
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2
2. General Design Features of the Universal Life Policy
- 2.1 Introduction to Key Policy Provisions
- 2.2 Changes in Face Amount
- 2.3 Death Benefit Option
- 2.4 Corridor
- 2.5 Premium Payments
- 2.6 Premium Litigation
- 2.7 Suicide
- 2.8 Incontestability
- 2.9 Maturity
- 2.10 Calculation of Values
- 2.11 Loans
- 2.12 Termination Due to Insufficient Value
- 2.13 Grace Period
- 2.14 No-Lapse Guarantee
- 2.15 Reinstatement
- 2.16 Reduced Paid Up
- 2.17 Summary
- Chapter 2 Quiz
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3
3. Universal Life and Other Non-Traditional Products
- 3.1 Universal Life Advantages and Disadvantages for the Policyholder
- 3.2 Universal Life Advantages and Disadvantages for the Agent
- 3.3 Universal Life Advantages and Disadvantages for the Company
- 3.4 Other Non-Traditional Products
- 3.5 Federal Income Taxation of Life Insurance
- 3.6 Summary
- Chapter 3 Quiz
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4
4. Designing Universal Life Products
- 4.1 Company Objective
- 4.2 Compensation Design
- 4.3 Product Design
- 4.4 Example of a Universal Life Product
- 4.5 Aspects of the Policy
- 4.6 Rationale for this Policy Design
- 4.7 Numerical Illustration of Company Pricing
- 4.8 Summary
- Chapter 4 Quiz
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5
5. Earned and Credited Interest Rates
- 5.1 Description
- 5.2 Investment Strategy
- 5.3 Rising Interest Rates
- 5.4 Failing Interest Rates
- 5.5 Summary
- Chapter 5 Quiz
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6
6. Using Universal Life to Emulate Other Life Insurance Products
- 6.1 Introduction
- 6.2 Agent Responsibilities
- 6.3 Legal Sanctions for Transgressions
- 6.4 Types of Transgressions
- 6.5 Examples of Illegal Practices
- 6.6 Insurance Fraud Cases
- 6.7 Current Whole Life
- 6.8 Life Cycle Programs
- 6.9 Other Uses of Face Amount Adjustability
- 6.10 Future Product Needs
- 6.11 Summary
- Chapter 6 Quiz
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7
Exam
- Final Exam