LOMA 281 — Meeting Customer Needs With Insurance and Annuities

Topics

Introduction to Risk and Insurance
The Life and Health Insurance Industry and Its Regulation
Life Insurance Policies as Contracts
Financial Design of Life Insurance Products
Meeting Customer Needs
Term Life Insurance
Cash Value Life Insurance
Supplemental Benefits
Individual Life Insurance Policy Provisions
Life Insurance Policy Ownership Rights
Annuities
Principles of Group Insurance
Group Life Insurance
Group Retirement Plans
Health Insurance Overview

Objectives

Describe the characteristics of insurable risks and identify common risk classes for proposed insureds.
Explain the role of underwriters and how they assess specific risks.
Discuss the roles of the U.S. state and federal governments with respect to insurance regulation.
Explain how insurers use mortality tables for pricing products, and describe the effect that mortality rates have on the cost of benefits and the premium rate for a block of policies.
Describe the benefits and features of term life insurance, whole life, joint whole life, universal life, variable life, and variable universal life insurance products.
Identify different types of annuity products, describe the features of each type, and explain how each type works.
Explain various features of a life insurance policy, including the free-look provision, the incontestability provision, and the grace period.
Discuss the property rights, dividend options, and settlement options a policyowner has in an individual life insurance policy.
Identify the parties to a group insurance contract, the typical eligibility requirements, and the factors used to underwrite a group insurance contract.
Describe the basic elements of employer-sponsored retirement plans, who is involved, why these plans exist, and why insurers are ideally suited to meet this market need.

Format

Course Format

LOMA's popular online interactive designation courses teach important industry concepts through an engaging, highly interactive, multi-media approach that often includes integrated video, audio, and scenario-based learning.

Technical Requirements for LOMA Online Courses

Exam Format

Integrated Exams

Online interactive designation courses include self-proctored exams — the modularized examinations are built right into the course as part of the learning experience. No separate exam enrollment required!

Pricing and Enrollment

Pricing

See North American course pricing.

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LOMA 281 — Meeting Customer Needs With Insurance and Annuities

Overview

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