This self-study course is part of the process needed to become a licensed insurance agent as your participation supports your requirements of required self-study time to become eligible to take the state licensing exam!
You will learn the basics of comprehension for insurance and its policies, along with an understanding of options, riders, and provisions.
You will learn about annuities, qualified plans, taxes, group insurance concepts, state laws, and state laws for specific insurance categories.
This course is set at a self-study pace to allow every learner the ability to tackle the curriculum at their own pace, on their own schedule.
Mike Weglarz, CPCU
Kentucky Life, Accident and Health Pre-Licensing Course Curriculum
WELCOME! A Message From Your Instructor
Overview of Process
Mobile App. - Now Available
General Insurance - Overview Video
The Basics of Insurance
FREE PREVIEWExposures
FREE PREVIEWPure vs. Speculative Risk
FREE PREVIEWHazards and Perils
FREE PREVIEWLaw of Large Numbers
FREE PREVIEWUnderwriting and Rating
FREE PREVIEWAdverse Selection
FREE PREVIEWCategorizing Insureds
FREE PREVIEWUnderwriting Groups
FREE PREVIEWStock vs Mutual Insurer
FREE PREVIEWAdmitted versus Non-Admitted Carriers
FREE PREVIEWProducer, Principal
Contracts, Premium Calculations and Applications
Waiver and Estoppel
Underwriting Information
Insurable Interest and Contract Characteristics
Life Quiz - Chapter 1
FREE PREVIEWLife Insurance Basics - Overview Video
Life Insurance Basics
Classification of Life Insurance: Term vs. Permanent
Business Uses of Life Insurance
Human Life Value & Needs Approach
Types of Life Insurance Policies – Term Insurance
Advantages and Disadvantages of Term Life Insurance
Permanent Policies
Straight, Limited, and Single Pay
Modified and Graded Premium Whole Life
Interest Sensitive (Current Assumption) Whole Life
Equity Indexed Whole Life
Advantages and Disadvantages of Whole Life
Flexible Policies
Adjustable Life
Universal Life
Variable Life and Variable "Universal" Life
Survivorship Life and Juvenile Life
Viatical Settlements
Stranger-Orientated Life Insurance - STOLI
Producer Responsibilities
Life Quiz - Chapter 2
Copy of KSOI- Chapter 3 Powerpoint
Options, Provisions, and Riders
Misstatement of Age or Sex
Assignment clause
Grace period and automatic premium loan rider
Reinstatement provision
Time limit of certain lawsuits
Optional provisions
Beneficiaries
Common Disaster
Dividend Options
Non - Forfeiture Options
Settlement Options
Riders
Riders dealing with Living Benefits
The Uniform Simultaneous Death Act
Facility of Payment Provision
Life Quiz - Chapter 3
Annuities, Qualified Plans and Taxes
Qualified and Non-Qualified Plans
Annuity Basics
Uses of an Annuity
Annuity Overview
Types of Annuities
Types of Annuities to choose from?
Annuity Period – How will the funds be paid out?
IRAs – Individual Retirement Accounts
Other Retirement Plans
Rollovers and Transfers
Tax Consequences of Life Insurance and Dividends
Life Quiz -Chapter 4
Group Insurance Concepts
Group Life Conversion
Taxation for Group Life Insurance
Life Quiz - Chapter 5
Get started now and gain the knowledge needed to gain confidence and reach your goals of becoming a licensed insurance agent in the state of Kentucky.
