Life Insurance 110
Life Insurance 110 has been constructed to provide Eight continuing education credit hours in the concept of Life, Accident and Health for insurance professionals. Course approval number: 6000164804
Welcome to Life Insurance 110!
Title Page
Course Description
Course Outlay
CE Reminder Notice SCDOI
Introduction
Traditional Whole Life Products
Ordinary Whole Life
Limited-Pay and Single-Premium Life Insurance
Interest/Market Sensitive/Adjustable Life Products
Universal Life Insurance
Variable Whole Life
Variable Universal Life
Interest-Sensitive Whole Life
Indexed Life
Term Life
Types
Level
Decreasing
Return of Premium
Annually Renewable
Special Features
Renewable
Convertible
Annuities
Single, Level, and Flexible Premium
Immediate and Deferred
Fixed and Variable
Indexed
Accumulation and Annuity Periods
Payout Options
Combination Plans and Variations
Joint Life (First to Die)
Survivorship Life (Second to Die)
Quiz Chapter 1
Introduction
Policy Riders
Waiver of premium and Waiver of monthly deduction
Guaranteed Insurability
Payor Benefit
Accidental Death and/or accidental death and dismemberment
Term Riders
Other Insureds
Long Term Care
Return of Premium
Disability
Cost of Living
Policy provisions and Options
Entire Contract
Insuring Clause
Free Look
Consideration
Owner’s Rights
Beneficiary Designations
Primary and Contingent
Revocable and Irrevocable
Common Disaster
Minor Beneficiaries
Designation by Class
Premium Payment
Modes
Grace Period
Automatic Premium Loan
Level or Flexible
Reinstatement
Policy loans, withdrawals, and partial surrenders
Nonforfeiture Options
Dividends and dividend options
Incontestability
Assignments
Suicide
Misstatement of age and gender
Settlement Options
Accelerated Death Benefits
Policy Exclusions
War
Aviation
Dangerous Occupation
Chapter 2 Quiz
Introduction
Completing the Application
Required Signatures
Changes in the Application
Consequences of incomplete applications
Warranties and Representations
Collecting the initial premium and issuing the receipt
Replacement
Disclosures at Point of Sale
USA Patriot Act/Anti-Money Laundering
Gramm-Leach Bliley Act (GLBA) Privacy
Underwriting
Insurable Interest
Medical information and consumer reports
Fair Credit Reporting Act
Risk Classification
Stranger/Investor-Owned Life Insurance (STOLI, IOLI)
Delivering the Policy
When Coverage Begins
Explaining the policy and its provisions, riders, exclusions, and ratings to the client
Contract Law
Elements of a Contract
Consideration
Offer and Acceptance
Competent Parties
Legal Purpose
Unique Aspects of the Insurance Contract
Conditional Contract
Unilateral Contract
Adhesion Contract
Aleatory Contract
Our state of the art e-learning portal has been created to allow you instantaneous access to our course material. This allows you to complete your state required pre-licensing or continuing education courses on your schedule without the need of sitting in a classroom!
All of our pre-licensing and continuing education courses offered to you for state required credit hours have been approved by the South Carolina Department of insurance. You will find the credit hours and course approval number for your selected course in the course description.
Upon payment for your selected course or course bundle you will have the ability to access your unique learning portal by creating a username and password. Once you have created your account you will have access to your selected courses.
Each course we offer is broken down into chapters and lessons to provide you with the educational background needed to successfully gain or maintain your professional license designation. Each chapter will conclude with a quiz to test your knowledge to ensure understanding before moving forward to the next chapter. Once you have completed all chapter quizzes you will have access to complete your end of courser final exam to gain credit your credit hours.
Our final exam's have been created to confirm the knowledge you have gained through your course! This final exam requires a 3rd party disinterested proctor, and passing score of 70% or greater to complete your course.
A disinterested 3rd party proctor, with minimum age of 18 years old who can be any person except for family members or individuals who have a financial interest in the student’s success on the exam. Co-worker proctors must not be above or below in the student’s line of supervision. A disinterested third party witness is someone who isn't a family member, hiring manager, or individuals who have a financial interest in the student’s success on the exam . Some good examples of a third party witness but not limited to are your neighbors, a co-worker, friend, or your local librarian. Your proctor will be required to sit with you for the duration of your exam.
Yes! We want you to show off your achievements, and what better way to show off your newly obtained education than your completion certificate.
Once we verify your course completion, and receipt of your signed proctor form we will credit your hours to your State Based Systems account. Credit hours are applied daily!
Take the guesswork out of Continuing Education