Life Insurance PLE

Life Insurance PLE has been constructed to provide pre-licensing education to prospective South Carolina life insurance licensees. This course will assist the student in preparing for their state examination with Pearson Vue.

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Pricing options

At South Carolina Insurance Academy we understand that the way we learn can vary from student to student. To ensure you receive the most from your course we offer multiple course packages. Review our course guide below to ensure you pick the Course Package that is right for you!

$150.00

Basic Course

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$250.00

Enhanced Course

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What's included in your course?

Choose from our course options below to ensure you receive your Life Insurance Producer education in the format that works for you!

Basic Course

Instant Course Access, Quizzes, Final Exam
Enhanced Course

Instant Course Access; Quizzes; Final Exam; Printed & Shipped Course Text Book, Free Exam Study Tool upon course completion

Course curriculum

1. Title Page
2. Course Description
3. Course Outlay
1. Introduction
2. Traditional Whole Life Products
3. Ordinary Whole Life
4. Limited-Pay and Single-Premium Life Insurance
5. Interest/Market Sensitive/Adjustable Life Products
6. Universal Life Insurance
7. Variable Whole Life
8. Variable Universal Life
9. Interest-Sensitive Whole Life
10. Indexed Life
11. Term Life
12. Types
13. Level
14. Decreasing
15. Return of Premium
16. Annually Renewable
17. Special Features
18. Renewable
19. Convertible
20. Annuities
21. Single, Level, and Flexible Premium
22. Immediate and Deferred
23. Fixed and Variable
24. Indexed
25. Accumulation and Annuity Periods
26. Payout Options
27. Combination Plans and Variations
28. Joint Life (First to Die)
29. Survivorship Life (Second to Die)
1. Quiz Chapter 1
1. Introduction
2. Policy Riders
3. Waiver of premium and Waiver of monthly deduction
4. Guaranteed Insurability
5. Payor Benefit
6. Accidental Death and/or accidental death and dismemberment
7. Term Riders
8. Other Insureds
9. Long Term Care
10. Return of Premium
11. Disability
12. Cost of Living
13. Policy provisions and Options
14. Entire Contract
15. Insuring Clause
16. Free Look
17. Consideration
18. Owner’s Rights
19. Beneficiary Designations
20. Primary and Contingent
21. Revocable and Irrevocable
22. Common Disaster
23. Minor Beneficiaries
24. Designation by Class
25. Premium Payment
26. Modes
27. Grace Period
28. Automatic Premium Loan
29. Level or Flexible
30. Reinstatement
31. Policy loans, withdrawals, and partial surrenders
32. Nonforfeiture Options
33. Dividends and dividend options
34. Incontestability
35. Assignments
36. Suicide
37. Misstatement of age and gender
38. Settlement Options
39. Accelerated Death Benefits
40. Policy Exclusions
41. War
42. Aviation
43. Dangerous Occupation
1. Chapter 2 Quiz
1. Introduction
2. Completing the Application
3. Required Signatures
4. Changes in the Application
5. Consequences of incomplete applications
6. Warranties and Representations
7. Collecting the initial premium and issuing the receipt
8. Replacement
9. Disclosures at Point of Sale
10. USA Patriot Act/Anti-Money Laundering
11. Gramm-Leach Bliley Act (GLBA) Privacy
12. Underwriting
13. Insurable Interest
14. Medical information and consumer reports
15. Fair Credit Reporting Act
16. Risk Classification
17. Stranger/Investor-Owned Life Insurance (STOLI, IOLI)
18. Delivering the Policy
19. When Coverage Begins
20. Explaining the policy and its provisions, riders, exclusions, and ratings to the client
21. Contract Law
22. Elements of a Contract
23. Consideration
24. Offer and Acceptance
25. Competent Parties
26. Legal Purpose
27. Unique Aspects of the Insurance Contract
28. Conditional Contract
29. Unilateral Contract
30. Adhesion Contract
31. Aleatory Contract
1. Quiz Chapter 3
1. Introduction
2. Third-Party Ownership
3. Life Settlements
4. Group Life Insurance
5. Conversion Privilege
6. Contributory vs. Noncontributory
7. Retirement Plans
8. Qualified Plans
9. Nonqualified Plans
10. Life Insurance Needs Analysis/Suitability
11. Personal Insurance Needs
12. Business Insurance Needs
13. Key Person
14. Buy Sell
15. Social Security Benefits
16. Tax treatment of Insurance Premiums, Proceeds, and Dividends
17. Individual Life
18. Group Life
19. Modified Endowment Contracts (MECs)
1. Quiz Chapter 4
1. Introduction
2. Powers and Duties
3. Examination of Books and Records
4. Investigations/Notice of hearing
5. Penalties and Fines
6. Cease and Desist Orders
7. Domestic, foreign, and alien insurers
8. Admitted vs. Non-admitted Insurers
9. Sell, Solicit, Negotiate
10. Licensing
11. Licensing
12. Producer (Resident) License
13. Non-Resident Producer License
14. Temporary Producer
15. License Fees and Application
16. Maintenance and Duration
17. Change of Address
18. Continuing Education Requirements
19. Reinstatement of License
20. Appointment/Termination of Appointment
21. License probation, revocation, suspension, or denial of reissuance
22. Unfair and Prohibited Practices
23. Rebating
24. Defamation
25. Unfair Discrimination
26. Misrepresentation
27. False Advertising
28. Boycott, Coercion, and Intimidation
29. Unfair Claims Settlement Practices
30. Fraud
31. False Financial Statements
32. Prohibited Inducements
33. Fiduciary Capacity; Misappropriation of funds
34. Commissions
35. Reporting of Actions
1. Chapter 5 Quiz
1. Final Exam

About this course

$150.00
166 lessons

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