Life Insurance Policies - MA

Insurance Continuing Education in Massachusetts

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Your Price: $49.45

13 credit hours

Price includes
CE Course :
$29.95
Roster Fee :
$19.50

* A roster fee of $1.50 per credit is required to file Insurance Continuing Education credit in Massachusetts. 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)

Massachusetts insurance continuing education requires an impartial third-party proctor be present during your final exam. The proctor cannot be a friend, relative or co-worker of the licensee, nor anyone with a financial interest in the exam result. This rule had been temporarily waived due to COVID-19, but that waiver period has now ended.
Description

Life insurance is a unique asset and can be used for any number of reasons, as creating an estate, paying estate taxes and other estate settlement costs, funding a business transfer, paying off the house mortgage, funding college for children, creating a retirement fund and providing guaranteed loans.

This course will introduce you to various types of life insurance contracts, highlighting main advantages and disadvantages and application of the contract specific features for different purposes. Life insurance riders, policy options and provisions, aspects of long-term financial planning using life insurance as a vehicle, retirement planning and annuities, trusts and charitable giving through life insurance, life insurance for business owners, and many other aspects of life insurance are covered.

This comprehensive insurance policies fundamentals course explores and details the numerous different types of products and situations involving life insurance, along with their many applications when it comes to individual, family, and business needs.

Your course covers term, permanent, adjustable, universal, survivorship, single premium, and variable life insurance policies along with the numerous variations within each category. Common provisions and characteristics of life insurance basics are explored and discussed. It outlines and teaches about the many uses of life insurance, both personal and business. In addition, your course explains the income and estate taxation of life insurance along with an extensive discussion of payout options, policy loans, premiums, withdrawals, dividends, cash surrenders, and accelerated death benefits concepts.

Whether you are a newer producer or a veteran, we’re confident that you will gain new insight into this critical area for Americans as well as brush up on current info and details pertinent to this area of your expertise.

Exam Details

Need Proctor?Yes
Question Count:55
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:52234
Approved Title:Life Insurance Policies
Approved Credits
13 credits in General (G)
Provider:InsuranceStudy.com
Provider Number:13051
Topics Covered:Life and Health Insurance, General Principles of Financial Planning, Life Insurance
Program Level:Intermediate

Rules for Massachusetts Insurance Continuing Education

  • This state allows for course material to be downloaded. Please note that not all courses will have content that is suitable or available for downloading.
  • Exam is closed book.
  • Examinations must be proctored by a disinterested third-party. The proctoring process must ensure that the examination will be completed by the student and done so on a closed-book basis without assistance.The proctor must be physically present as the student takes the exam.
  • The state of Massachusetts charges an additional fee of $1.50 per credit hour.