Course Curriculum

  • 1
    1. Introduction
  • 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
  • 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
  • 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
  • 5
    5. Earned and Credited Interest Rates
    • 5.1 Description
    • 5.2 Investment Strategy
    • 5.3 Rising Interest Rates
    • 5.4 Failing Interest Rates
  • 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
  • 7
    Exam
    • Final Exam

Course Snapshot

  • 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.

  • 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.

  • 3-6-5

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