Health and Accident Insurance
This New York Health and Accident Insurance course provides an overview of various types of health insurance. It begins with an introductory general discussion of the ways in which health care coverage is provided to groups and individuals. From there it covers specific types of coverage:
Medical insurance, including basic medical expense insurance; major medical insurance; and Blue Cross/Blue Shield
The section on managed care programs (HMOs and PPOs) begins with a review of health care cost trends and an explanation of the cost-containment tools found in managed care plans.
The third part of the course looks at other non-medical forms of health insurance such as disability income insurance, long-term care insurance, and accidental death and dismemberment insurance.
New York Health insurance regulation examines both state regulation in the form of NAIC model laws, and federal laws such as HIPAA and COBRA.
The section on government health insurance explains the workings of Medicare, Medicaid, and workers compensation.
The final section looks at the taxation of premiums and benefits of the various types of insurance. It also reviews tax-sheltered vehicles for paying medical expenses, such as Health Savings Accounts.
The CE course is intended to guide insurance professionals, financial services industry professionals, and others who are engaged in the business of insurance and financial services toward an awareness and appreciation of not only the many forms which health insurance takes, but also the relationship among them. By understanding all of the health care options available to a client, the health insurance professional is better equipped to make sound recommendations.
New York Health Insurance CE Course
Thursday, January 24, 2008
Tuesday, January 22, 2008
Texas Health and Accident Insurance CE
TEXAS Health and Accident Insurance
This Health and Accident Insurance Continuing Education course provides an overview of various types of health insurance. It begins with an introductory general discussion of the ways in which health care coverage is provided to groups and individuals. From there it covers specific types of coverage:
Medical insurance, including basic medical expense insurance; major medical insurance; and Blue Cross/Blue Shield
The section on managed care programs (HMOs and PPOs) begins with a review of health care cost trends and an explanation of the cost-containment tools found in managed care plans.
The third part of the Texas continuing education course looks at other non-medical forms of health insurance such as disability income insurance, long-term care insurance, and accidental death and dismemberment insurance.
Health insurance regulation examines both state regulation in the form of NAIC model laws, and federal laws such as HIPAA and COBRA.
The section on government health insurance explains the workings of Medicare, Medicaid, and workers compensation.
The final section looks at the taxation of premiums and benefits of the various types of insurance. It also reviews tax-sheltered vehicles for paying medical expenses, such as Health Savings Accounts.
The CE course is intended to guide insurance professionals, financial services industry professionals, and others who are engaged in the business of insurance and financial services toward an awareness and appreciation of not only the many forms which health insurance takes, but also the relationship among them. By understanding all of the health care options available to a client, the health insurance professional is better equipped to make sound recommendations.
Texas Health Insurance CE Training
This Health and Accident Insurance Continuing Education course provides an overview of various types of health insurance. It begins with an introductory general discussion of the ways in which health care coverage is provided to groups and individuals. From there it covers specific types of coverage:
Medical insurance, including basic medical expense insurance; major medical insurance; and Blue Cross/Blue Shield
The section on managed care programs (HMOs and PPOs) begins with a review of health care cost trends and an explanation of the cost-containment tools found in managed care plans.
The third part of the Texas continuing education course looks at other non-medical forms of health insurance such as disability income insurance, long-term care insurance, and accidental death and dismemberment insurance.
Health insurance regulation examines both state regulation in the form of NAIC model laws, and federal laws such as HIPAA and COBRA.
The section on government health insurance explains the workings of Medicare, Medicaid, and workers compensation.
The final section looks at the taxation of premiums and benefits of the various types of insurance. It also reviews tax-sheltered vehicles for paying medical expenses, such as Health Savings Accounts.
The CE course is intended to guide insurance professionals, financial services industry professionals, and others who are engaged in the business of insurance and financial services toward an awareness and appreciation of not only the many forms which health insurance takes, but also the relationship among them. By understanding all of the health care options available to a client, the health insurance professional is better equipped to make sound recommendations.
Texas Health Insurance CE Training
Monday, January 21, 2008
Life Insurance Policies - Life Agent CE
Life Insurance Policies for Continuing Education
Life Insurance Policies examines the features, benefits and provisions of various types of life insurance. Following a general discussion of the personal and business uses of life insurance in Chapter 1, the course continues in Chapter 2 with a consideration of the traditional whole life insurance policy. It looks at the lifetime level premium concept and the attendant creation of policy reserves that policyowners may access through cash value loans and surrenders. After a consideration of ordinary whole life insurance, the chapter focus turns to other types of whole life insurance, including adjustable life, current-assumption life, modified premium whole life and various types of limited payment whole life plans.
In Chapter 3, Life Insurance Policies looks at term insurance and examines level, decreasing and increasing term plans from the perspective of coverage duration, premiums, renewability and convertibility. Term insurance advantages and disadvantages are considered. Chapter 3 concludes with a discussion of combination life insurance plans containing elements of both term insurance and permanent insurance.
Chapter 4 considers the shortest limited-payment life insurance policy available: single premium life insurance. It looks at single premium life insurance policies structured as whole life insurance, variable life insurance and current-assumption life insurance. The chapter addresses such important issues as surrender charges, policy loans, the crediting of interest and the mechanics of a single premium life insurance plan.
Universal life insurance is the subject of Chapter 5. In this chapter, the fundamental characteristics of universal life insurance are examined, including its flexible premiums and adjustable coverage. The chapter addresses the concept of net amount at risk and the death benefit options normally available in universal life insurance products. It examines expense charges, mortality charges and interest crediting. In addition to its discussion of declared-rate universal life insurance, it also introduces the agent to equity-indexed universal life insurance contracts and how cash values are determined under them. The concept of index call options and equity-indexed product participation rates are discussed along with the various interest-crediting methods used in equity-indexed products.
Variable life insurance and variable universal life insurance products are examined in Chapter 6. The chapter includes a discussion of variable life insurance in the United States and considers the social, investment and other factors that affected its development and introduction. It offers an in-depth look at the separate account and the various tools that the policyowner may use to manage the volatility of variable product cash values, such as interest sweep, dollar cost averaging and automatic asset re-balancing.
Chapter 7 examines survivorship life insurance; it considers survivorship universal life insurance and survivorship whole life insurance on both a level premium and step-rate basis. It discusses the use of survivorship life insurance in estate and business insurance planning and examines the various features and benefits associated with the product, including the policy split option, substitute insured provisions and guaranteed death benefits.
Chapter 8 of Life Insurance Policies examines the tax treatment to which life insurance is subject. It discusses IRC §7702, modified endowment contracts, transfers for value and the special tax treatment given to split dollar plans and life insurance purchased in qualified retirement plans.
Upon successful completion of this course, the agent should be able to:
Explain the development and principal benefits of life insurance
Discuss the relationship of the premium, death benefit and cash value in a permanent life insurance policy
Compare the various types of whole life insurance, including ordinary life, limited payment life, adjustable life and current-assumption life policies
Demonstrate the advantages and disadvantages of whole life insurance
Explain the tax treatment given to life insurance policies
Discuss the uses and benefits of term life insurance
Compare and contrast the features of single premium whole life insurance, single premium variable life insurance and single premium current assumption life insurance
Explain how universal life insurance operates
Discuss the ways that interest may be credited under equity-indexed universal life insurance policies
Explain how cash values and death benefits of variable life insurance policies are affected by the performance of the separate account
Demonstrate the uses and features of survivorship life insurance
Independent Insurance Broker
Life Agent CE Credits
Life Insurance Policies examines the features, benefits and provisions of various types of life insurance. Following a general discussion of the personal and business uses of life insurance in Chapter 1, the course continues in Chapter 2 with a consideration of the traditional whole life insurance policy. It looks at the lifetime level premium concept and the attendant creation of policy reserves that policyowners may access through cash value loans and surrenders. After a consideration of ordinary whole life insurance, the chapter focus turns to other types of whole life insurance, including adjustable life, current-assumption life, modified premium whole life and various types of limited payment whole life plans.
In Chapter 3, Life Insurance Policies looks at term insurance and examines level, decreasing and increasing term plans from the perspective of coverage duration, premiums, renewability and convertibility. Term insurance advantages and disadvantages are considered. Chapter 3 concludes with a discussion of combination life insurance plans containing elements of both term insurance and permanent insurance.
Chapter 4 considers the shortest limited-payment life insurance policy available: single premium life insurance. It looks at single premium life insurance policies structured as whole life insurance, variable life insurance and current-assumption life insurance. The chapter addresses such important issues as surrender charges, policy loans, the crediting of interest and the mechanics of a single premium life insurance plan.
Universal life insurance is the subject of Chapter 5. In this chapter, the fundamental characteristics of universal life insurance are examined, including its flexible premiums and adjustable coverage. The chapter addresses the concept of net amount at risk and the death benefit options normally available in universal life insurance products. It examines expense charges, mortality charges and interest crediting. In addition to its discussion of declared-rate universal life insurance, it also introduces the agent to equity-indexed universal life insurance contracts and how cash values are determined under them. The concept of index call options and equity-indexed product participation rates are discussed along with the various interest-crediting methods used in equity-indexed products.
Variable life insurance and variable universal life insurance products are examined in Chapter 6. The chapter includes a discussion of variable life insurance in the United States and considers the social, investment and other factors that affected its development and introduction. It offers an in-depth look at the separate account and the various tools that the policyowner may use to manage the volatility of variable product cash values, such as interest sweep, dollar cost averaging and automatic asset re-balancing.
Chapter 7 examines survivorship life insurance; it considers survivorship universal life insurance and survivorship whole life insurance on both a level premium and step-rate basis. It discusses the use of survivorship life insurance in estate and business insurance planning and examines the various features and benefits associated with the product, including the policy split option, substitute insured provisions and guaranteed death benefits.
Chapter 8 of Life Insurance Policies examines the tax treatment to which life insurance is subject. It discusses IRC §7702, modified endowment contracts, transfers for value and the special tax treatment given to split dollar plans and life insurance purchased in qualified retirement plans.
Upon successful completion of this course, the agent should be able to:
Explain the development and principal benefits of life insurance
Discuss the relationship of the premium, death benefit and cash value in a permanent life insurance policy
Compare the various types of whole life insurance, including ordinary life, limited payment life, adjustable life and current-assumption life policies
Demonstrate the advantages and disadvantages of whole life insurance
Explain the tax treatment given to life insurance policies
Discuss the uses and benefits of term life insurance
Compare and contrast the features of single premium whole life insurance, single premium variable life insurance and single premium current assumption life insurance
Explain how universal life insurance operates
Discuss the ways that interest may be credited under equity-indexed universal life insurance policies
Explain how cash values and death benefits of variable life insurance policies are affected by the performance of the separate account
Demonstrate the uses and features of survivorship life insurance
Independent Insurance Broker
Life Agent CE Credits
Small Business Life Insurance - CE Education
Life Insurance For Businesses introduces the students to the application of life insurance in the business community as a method of solving many of the complex issues that the business owner faces. Business life insurance is always associated with how that business entity has been structured: is the business a sole proprietorship, a partnership, a corporation, or a limited liability company? The answer to this question dictates how the company manages risks in terms of human capital, or what will and may happen to the business, to the investors, to the employees, and to the families of the employees in the event of death. In light of these considerations, this course thoroughly analyzes the problems common to all of these business structures and compares the specific problems they encounter. At the conclusion of this course, the student can be expected to understand:
The advantages and disadvantages of the various business structures that exist today.
The need to be familiar with the complexities of business ownership in it’s various styles and operational activities.
The purpose for business continuation and succession planning and the vital role played by the use of life insurance.
How risk management solutions are tailored to fit a particular business structure.
The impact of tax considerations in preparing a plan.
Various planning strategies that will protect and enhance the business owner’s ability to obtain, retain, and promote the relationships of key personnel.
The value of keeping businesses in a vibrant role of continuation through solutions that are beneficial to owners, employees and heirs.
Small Business Insurance Course
The advantages and disadvantages of the various business structures that exist today.
The need to be familiar with the complexities of business ownership in it’s various styles and operational activities.
The purpose for business continuation and succession planning and the vital role played by the use of life insurance.
How risk management solutions are tailored to fit a particular business structure.
The impact of tax considerations in preparing a plan.
Various planning strategies that will protect and enhance the business owner’s ability to obtain, retain, and promote the relationships of key personnel.
The value of keeping businesses in a vibrant role of continuation through solutions that are beneficial to owners, employees and heirs.
Small Business Insurance Course
Sunday, January 20, 2008
Universal Life Insurance - UL
Universal Life Insurance describes the special characteristics and various applications of universal life and variable universal life policies. Before the introduction of universal life into the marketplace, life insurance policies were premium-dependent and had little, if any, flexibility. Universal life and variable universal life policies have expanded the use of insurance planning to include objectives of asset accumulation, tax planning, asset protection, retirement income, educational funding, and additional uses beyond the single focus on the death benefit.
At the end of this course, you will understand the fundamental and important characteristics that separate the old policy structures from those of the new policies; how and when the universal life policy is best suited for the client’s needs and objectives; responsibilities of designing premium strategies for specific policy goals; the guidance and purpose of regulatory parameters; and application of planning techniques with universal life policies.
The course begins by examining the various life insurance products that are currently available. By comparing these products’ characteristics with those of universal life and variable universal life, you will see the added flexibility that the new products offer.
The life insurance industry made a monumental shift in policy design when it created universal life insurance and variable universal life insurance.
Universal Life Insurance Plan
Insurance CE Online
At the end of this course, you will understand the fundamental and important characteristics that separate the old policy structures from those of the new policies; how and when the universal life policy is best suited for the client’s needs and objectives; responsibilities of designing premium strategies for specific policy goals; the guidance and purpose of regulatory parameters; and application of planning techniques with universal life policies.
The course begins by examining the various life insurance products that are currently available. By comparing these products’ characteristics with those of universal life and variable universal life, you will see the added flexibility that the new products offer.
The life insurance industry made a monumental shift in policy design when it created universal life insurance and variable universal life insurance.
Universal Life Insurance Plan
Insurance CE Online
Tax Shelter Annuity Plan - Annuities CE
Tax Sheltered Annuity Plans discusses the personal retirement savings plan available to employees of certain non-profit organizations and public schools under §403(b) of the Internal Revenue Code. The course begins with an examination of both employer and participant eligibility. The general limits on contributions are examined, and the special catch-up contributions are considered. The nature of the salary reduction agreement is discussed. The rules governing premature and required distributions are discussed, and the limits applicable to participant loans from tax sheltered annuities are considered. The maximum loan repayment schedules are addressed, and the consequences of loan default are explained. Estate and gift tax (on designation of irrevocable beneficiary) rules are discussed. The income tax treatment of plan contributions and distributions is examined, including:
Premature distributions and exceptions to the 10% tax penalty
Mandatory 20% withholding on certain lump-sum distributions
Permitted tax sheltered annuity investments are discussed. The term “annuity,” when used in a 403(b) plan includes incidental life insurance, a fixed annuity or a variable annuity. Custodial accounts may be used to fund tax sheltered annuity accounts. Through custodial accounts, a participant may purchase redeemable shares in an open-end mutual fund. Finally, the course discusses the various plan requirements.
American Investment Training
Premature distributions and exceptions to the 10% tax penalty
Mandatory 20% withholding on certain lump-sum distributions
Permitted tax sheltered annuity investments are discussed. The term “annuity,” when used in a 403(b) plan includes incidental life insurance, a fixed annuity or a variable annuity. Custodial accounts may be used to fund tax sheltered annuity accounts. Through custodial accounts, a participant may purchase redeemable shares in an open-end mutual fund. Finally, the course discusses the various plan requirements.
American Investment Training
Life and Health Insurance Law CE
Life and Health Insurance Law examines the legal concepts that are central to life and health insurance contracts and to the transacting of these types of insurance. The course begins with a discussion of insurance regulation and examines its objectives. It then turns to a consideration of basic contract law with an examination of the concepts of offer, acceptance and consideration and shows how they apply to insurance contracts. It explains the concepts of indemnity, subrogation, coordination of benefits, insurable interest and insurable value and discusses the nature of collateral and absolute assignments.
Insurance consumer protection is discussed as is the societal change from caveat emptor to caveat vendor. Various deceptive and unfair trade practices are examined, including breach of contract, negligence, fraud and failure to make timely claim payment. The judicial remedies available to consumers are detailed.
Various issues that affect liability are explained. The law of agency, under which a principal is bound by the authorized acts of its agent, is considered. The types of authority conveyed to agents are examined, including express authority, implied authority and apparent authority. Classic defenses to liability—waiver, estoppel, election and course of conduct and custom—are identified and discussed.
Issues affecting the taxation of life insurance are considered. Among the issues discussed are the statutory definition of life insurance, the tax consequences of a life insurance policy’s becoming a modified endowment contract, the sale of an existing life insurance policy, the special tax consequences of life insurance in split dollar plans, and the tax treatment of premiums and death benefits under policies in qualified retirement plans.
The course concludes with a brief discussion of the problem of unauthorized insurance entities and the consequences of an agent’s or broker’s representation of an unauthorized insurer.
Insurance CE Credits
Insurance consumer protection is discussed as is the societal change from caveat emptor to caveat vendor. Various deceptive and unfair trade practices are examined, including breach of contract, negligence, fraud and failure to make timely claim payment. The judicial remedies available to consumers are detailed.
Various issues that affect liability are explained. The law of agency, under which a principal is bound by the authorized acts of its agent, is considered. The types of authority conveyed to agents are examined, including express authority, implied authority and apparent authority. Classic defenses to liability—waiver, estoppel, election and course of conduct and custom—are identified and discussed.
Issues affecting the taxation of life insurance are considered. Among the issues discussed are the statutory definition of life insurance, the tax consequences of a life insurance policy’s becoming a modified endowment contract, the sale of an existing life insurance policy, the special tax consequences of life insurance in split dollar plans, and the tax treatment of premiums and death benefits under policies in qualified retirement plans.
The course concludes with a brief discussion of the problem of unauthorized insurance entities and the consequences of an agent’s or broker’s representation of an unauthorized insurer.
Insurance CE Credits
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