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  • Life Insurance Study Checklist

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    Yuhui Shi
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    This document provides a checklist of topics and resources for studying life insurance. It outlines key areas to review including different types of life insurance policies like term, whole life, and universal life. It also covers riders, group life insurance, taxation, business insurance, the application and underwriting process, needs analysis, recommending policies, and ongoing service responsibilities. Resources include video links, textbook sections, and tables to aid in learning about each topic.

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    This document provides a checklist of topics and resources for studying life insurance. It outlines key areas to review including different types of life insurance policies like term, whole life, and universal life. It also covers riders, group life insurance, taxation, business insurance, the application and underwriting process, needs analysis, recommending policies, and ongoing service responsibilities. Resources include video links, textbook sections, and tables to aid in learning about each topic.

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    © All Rights Reserved
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    68 views3 pages

    Life Insurance Study Checklist

    Uploaded by

    Yuhui Shi
    This document provides a checklist of topics and resources for studying life insurance. It outlines key areas to review including different types of life insurance policies like term, whole life, and universal life. It also covers riders, group life insurance, taxation, business insurance, the application and underwriting process, needs analysis, recommending policies, and ongoing service responsibilities. Resources include video links, textbook sections, and tables to aid in learning about each topic.

    Copyright:

    © All Rights Reserved
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    of 3

    Life Insurance Study Checklist

    Harmonized Life Licensing Course

    Completion Topic Name Resource


    Risk Management Section 1.3
    https://youtu.be/LbH9hmH_3vw?list=PLWbwmSrvI9xb8zgasTHDJ660Qt
    GCegLUn

    Term Insurance https://youtu.be/V5BxMjMlbkk


    Joint-first-to-die Section 2.2.2 (take note of example)
    Joint last-to-die Section 2.2.3 (take note of example)
    Term Insurance Premiums Table 2.1 & Diagram 2.2
    Renewable to Non- Section 2.5
    Renewable
    Convertible Term Insurance Section 2.6 and section 2.6.1
    Advantages and Table 2.2
    Disadvantages of Term Life
    Insurance

    Whole Life
    Whole Life Insurance Section 3.2.3 (https://youtu.be/kCiTtCo8Yv4)
    Premiums
    Policy Reserves https://youtu.be/pf59-hZKd-4
    Non-participating Vs Section 3.3
    Participating Whole Life
    Participating Whole Life Section 3.4 ( https://youtu.be/d-ZYOdBpdNM)
    Policy Dividend Options
    Non-Forfeiture benefits Section 3.5
    Cash Surrender Value section 3.5.1
    Advantages and Table 3.2 & 3.3
    Disadvantages of Whole Life
    Term 100 section 3.11

    Universal Life
    UL Flexibility https://youtu.be/awkizaJYLGI
    Net Amount at Risk section 4.3.1 (example) & 4.3.4
    Yearly Renewable term section 4.3.2
    structure
    Level cost of Insurance section 4.3.3
    Structure
    Death Benefit Options section 4.4
    Investment Options https://youtu.be/KZZM9VNlMM0
    Accumulating Fund https://youtu.be/KZZM9VNlMM0
    Comparing UL and WL table 4.3
    Life Insurance Riders (https://youtu.be/KX9sBnKiNRc) (https://youtu.be/2ojpf6Xumuo)
    Term Insurance Rider section 5.1.2
    Guaranteed Insurability section 5.1.4
    Benefit
    AD&D Rider section 5.1.3 & 5.2.2
    Accelerated Death benefit section 5.2
    Waiver of premium for total section 5.2.3
    disability

    Group Life Insurance


    parties to a group insurance section 6.1
    contract
    Group life insurance section 6.2
    coverages
    Dependent and survivor section 6.3 & 6.4
    benefits
    AD&D section 6.5
    Conversion privileges section 6.6

    Taxation of Life insurance


    Tax-free benefits https://youtu.be/x3jPUaXWGik
    Policy gains https://youtu.be/97wBNGxzdNs
    Taxation of policy dividends https://youtu.be/KFiDH3QkDcw
    Full and partial surrender of https://youtu.be/G_wN74W8L6U
    a policy
    Exemption test https://youtu.be/j7m7OtE3Op0
    Taxation of a policy Sectiom 7.5.1
    replacement
    Abssolute Assignment section 7.8
    Taxation of life insurance section 7.10
    strategies

    Business Life Insurance https://youtu.be/SiY1SMsHWBk


    Buisness types section 8.2
    Key Person life insurance section 8.3
    Buy-sell arrangements section 8.4.3 & section 8.4.4.2

    Application and
    Underwriting
    Application details (https://youtu.be/BizVAk-j1Uc) (https://youtu.be/j7zSx_YkE3Y)
    Temporary Insurance https://youtu.be/y5ozPtwEAT0
    Agreement
    Underwriting process https://youtu.be/6-MOS794mu0
    Risks and their impact on section 9.5
    premiums
    Factors that impact section 9.6
    Premiums
    Reinsurance https://youtu.be/aiqIvKw5-bM
    Acceptance and Delivery of section 9.10
    policy
    Needs Analysis
    Family dynamics section 10.1
    Employment situation section 10.2
    Current financial situation section 10.3
    Existing insurance section 10.4

    Recommending a policy
    Insurance needs analysis - section 11.2
    income replacement
    approach
    Insurance needs analysis - section 11.3
    capital needs approach
    making a recommendation section 11.5

    Ongoing Service
    Agent's role and conduct section 12.1
    Replacing a policy section 12.2 & 12.3
    claims process section 12.8
    policy assignments section 12.7

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