Personal Life Insurance Planning - OH

Insurance Continuing Education in Ohio

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$16.95

4 credit hours

Price includes
CE Course :
$12.95
Roster Fee :
$4.00

* A roster fee of $1.00 per credit is required to file Insurance Continuing Education credit in Ohio. That fee is collected as part of your purchase and is then used to pay for the filling of your credits.

If purchased today, this course must be completed by:
December 31, 2024 (278 Days)

An affidavit of personal responsibility must be completed prior to the processing of credits for continuing education.
Description

In this course you will be introduced to terms and concepts used in connection with personal life insurance planning. Each new term is defined in the text and included in the Glossary. The concepts are explained and, where appropriate, are demonstrated through the use of examples.

This information is important for agents selling insurance products to customers and for advisers assessing the appropriateness of a life insurance recommendation for a client. An understanding of the methods used to determine suitable life insurance amounts to meet survivors’ lump-sum cash needs and income needs will assist the agent and adviser to better serve consumers and help ensure that appropriate life insurance amounts are recommended and purchased when they are suitable to meet client needs.

Upon completion of this course, you should be able to:

  • Describe the early attempt to calculate appropriate life insurance amounts known as the human life value method.
  • Understand the importance of basing client insurance requirements on a thoroughgoing analysis of needs.
  • Gather the appropriate client information required to perform an insurance needs analysis.
  • Identify and calculate a client’s family’s lump-sum needs at the death of a breadwinner.
  • Understand the Social Security survivor benefits that need to be considered in analyzing survivors’ needs for life insurance to replace income.
  • Identify and calculate survivors’ income needs during the dependency period, blackout period and retirement period.

 

Exam Details

Need Proctor?No
Question Count:40
Passing Grade:70%
Attempts to Pass:Unlimited
Note: If you choose to request additional credit types while taking this course, the number of exam questions and proctor rules may change to meet those credits' requirements.

Course Details

Course Number:71723
Approved Title:Personal Life Insurance Planning
Approved Credits
4 credits in General
Provider:InsuranceStudy.com
Provider Number:982
Topics Covered:Life and Health Insurance, Life Insurance
Program Level:Intermediate

Rules for Ohio Insurance Continuing Education

  • Course material may not be downloaded.
  • Exam is closed book.
  • For all online and self-study courses there must be an exam which consists of a minimum of 10 exam questions per each hour of approved continuing education credit.
  • All exam questions must be constructed in a four-alternative multiple choice format.
  • Payment is required prior to accessing course materials.
  • A provider shall prevent access to the course unit/chapter questions and final exam before the agent reviews the course materials in their entirety.
  • An affidavit of personal responsibility must be completed prior to the processing of credits for continuing education. The affidavit is to be made available only after the course examination is successfully completed.
  • Student information will not be sold or distributed to any third party without prior written consent of the student. Taking the course shall not constitute consent.
  • The state of Ohio charges an additional fee of $1.00 per credit hour.

Provider Rules for Ohio Insurance Continuing Education

  • A course will not be considered complete until all requirements of that course are fulfilled including the review of course material, completion of exam with a passing grade, and the receipt of any additional paperwork that may be required by your state Department of Insurance including but not limited to an Affidavit of Personal Responsibility.
  • State and certification rules and regulations must be adhered to at all times. In the event of a conflict, the state or certification rules and regulations will always take precedent over any provider policies. Applicable rules of your state and/or certification are listed above.
  • A final exam is required at the end of each course. All exams are multiple choice with the quantity of questions increasing exponentially depending on the number of hours available for credit. Each exam attempt will consist of a new set of randomly selected questions and answers.
  • Courses are available for one year from the date of purchase unless otherwise indicated. This time frame may be impacted by course expiration dates, course content updates, or author/company restrictions on availability.
  • In order to be eligible for a course refund, the student must request a refund in writing within one year of the purchase date. To be eligible for a refund, the course must be intact, meaning the student has not yet begun the course material. If the student is entitled to a refund, InsuranceStudy will refund the purchase price using the original method of payment. If the student has already started the course material, the student is eligible for an exchange to a different course of the same or greater value with any difference in price due at the time of the exchange. In the event the exam has been accessed, no refund shall be granted.
  • Students cannot be guaranteed that they will receive a passing grade.
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  • Student information will not be sold or distributed to any third party without prior written consent of the student. Taking the course shall not constitute consent.
  • Each exam must be answered with a minimum of 70% correct to achieve a passing grade. Some specialty certification or designation courses may have a higher passing standard and those exams will be subject to the higher requirement.

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