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3 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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7 Chapters
This course goes deep into personal life insurance so that you not only get CE credits for your state but you stay updated on personal life insurance.
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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 to Life Insurance Planning
- Affidavit of Personal Responsibility
- 1.1 Overview FREE PREVIEW
- 1.2 Purpose of the Course FREE PREVIEW
- 1.3 Steps of the Life Insurance Selling/Planning Process
- 1.4 Approaches the Calculating an Individual's Life Insurance Needs
- 1.5 The Multiple of Income Approach
- 1.6 The Human Value Approach
- 1.7 The Needs Approach
- 1.8 Summary
- Chapter 1 Quiz FREE PREVIEW
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2
2. Conducting a Needs Analysis
- 2.1 Overview
- 2.2 What Information Is Needed To Perform a Capital Needs Analysis
- 2.3 Best Practices in Information Gathering
- 2.4 Top Characteristics Clients Value in Their Financial Advisors
- 2.5 Summary
- Chapter 2 Quiz
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3
3. Advantages and Disadvantages
- 3.1 Overview
- 3.2 Why is a Lump Sum of Cash Needed Upon Death
- 3.3 Immediate Survivor Needs
- 3.4 Debt Elimination
- 3.5 Other Funding Needs to Consider
- 3.6 Summary
- Chapter 3 Quiz
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4
4. Factoring in Social Security Survivors Benefits
- 4.1 Overview
- 4.2 Who Earns Survivors Benefits?
- 4.3 Currently and Fully Insured Survivors Benefits
- 4.4 Understanding the Mother’s/Father’s Benefit
- 4.5 Understanding the Child’s Benefit
- 4.6 Understanding the Widower’s Benefit
- 4.7 Summary
- Chapter 4 Quiz
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5
5. Determining Income Needs at Death
- 5.1 Overview
- 5.2 During What Periods is Extra Income Needed?
- 5.3 Estimating Survivor Income Needs
- 5.4 How Much Future Income Does My Client’s Survivors Need?
- 5.5 Determining Income Needs | An Example
- 5.6 Summary
- Chapter 5 Quiz
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6
6. Needs Approach
- 6.1 Overview
- 6.2 Meet Our Scenario Family
- 6.3 Capital Liquidation: The Smith Family’s Dependency Period Income
- 6.4 The Smith Family’s Blackout Period Income
- 6.5 The Smith Family’s Retirement Period Income
- 6.6 Totaling the Smith Family’s Income Needs with the Capital Liquidation Approach
- 6.7 Understanding the Capital Retention Approach
- 6.8 The Smith Family’s Life Insurance Needs Using the Capital Retention Approach
- 6.9 Pros and Cons of Capital Retention vs. Capital Liquidation
- 6.10 Summary
- Chapter 6 Quiz
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7
7. Comparing and Selecting Life Insurance Policies
- 7.1 Overview
- 7.2 When to Suggest Term Life Insurance
- 7.3 Strategies to Using Term Life Policies
- 7.4 When to Suggest Permanent Life Insurance
- 7.5 Summary
- Chapter 7 Quiz
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8
Exam
- Final Exam