Personal Life Insurance Planning - OR

Insurance Continuing Education in Oregon

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$12.95

4 credit hours

If purchased today, this course must be completed by:
July 23, 2022 (365 Days)

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:25
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:1018439
Approved Title:Personal Life Insurance Planning
Provider:InsuranceStudy.com
Provider Number:8052
Topics Covered:Life and Health, Life
Approved Credits
4 credits in Life
Program Level:Intermediate

Rules for Oregon Insurance Continuing Education

  • Course material may not be downloaded.
  • Exam is closed book.
  • Each agent must enroll for the course before having access to course material.
  • A student may not access the final exam prior to reviewing all course materials.
  • A review quiz is provided at the end of each chapter. The final exam may not be accessed until each review session has been successfully completed.
  • Oregon Administrative Rule 836-071-0225(1)(d) limits the number of hours a producer can complete per day to 8. You may NOT start and finish more than 8 hours of continuing education on the same day.
  • A course approved in part or in whole as correspondence requires a proctor to be present for the final exam. A correspondence course is any self-study course which includes printed materials as part of the program.
  • The state of Oregon charges an additional fee of $1.00 per credit hour.