Description
This course discusses the general purpose of life insurance, long-term care insurance, and annuities. It discusses the types of contract riders that may be used, such as: disability income benefit, waiver of premium, guaranteed insurability, cost of living adjustment, long-term care, accelerated benefit for chronic illness, child term riders, spouse coverage, bed reservation, inflation protection, nonforfeiture of benefits, and many others. The course discusses the importance of disclosure and other issues when recommending contract riders.
Learning Objectives
Upon completion of this course, you should be able to discuss the following:
The general purpose of life insurance, long term care insurance, and annuities; The general types of contract riders associated with life insurance, long term care insurance, and annuities; The importance of disclosure when recommending contract riders; and Issues to consider when recommending certain contract riders.