I.
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 Why do People Buy Life Insurance?
- Indemnity
- Personal Needs
- Business Needs
What is the Tax Treatment of Life Insurance?
- Individual Life Insurance
- Group Life Insurance
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 Print Section 1*
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II.
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Types of Life Insurance
- Term Life Insurance
- Whole (Ordinary) Life Insurance
- Industrial Life Insurance
- Group Life Insurance
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III.
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Term Life Insurance
- Characteristics of Term Life Insurance
- Term Life Insurance Options
Types of Term Life Insurance
- Level Term
- Renewable Term
- Decreasing Term
- Re-Entry Term
- Summary of Term Insurance
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Print Section 3*
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IV.
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Whole Life Insurance
- Characteristics of Whole Life Policies
- Characteristics of Whole Life Policies (continued)
- Continuous Premium Whole Life Policy
- Limited Payment Whole Life Policy
- Single Premium Whole Life Policy
- Endowment Policy
How is a Claim Paid When a Policy Loan Exists
How is a Claim Paid in the Grace Period?
Summary – Whole Life Insurance
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Print Section 4*
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V.
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Specialized Life Insurance
- The Family Policy
- The Family Income Policy
- The Family Maintenance Policy
- Modified Whole Life
- Graded Premium Whole Life
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Print Section 5*
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VI.
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Specialized Life Insurance (Continued)
- Joint Life Policies (Multiple Protection)
* Joint First Death
* Survivorship Life Policies
- Enhanced Ordinary Life
- Juvenile Life
- Interest Sensitive Whole Life
* Equity Indexed Life
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Print Section 5*
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VII.
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What is a Life Insurance Policy Rider?
- Multiple Indemnity Rider (or AD&D)
- Guaranteed Insurability Rider
- Cost of Living Rider
- Waiver of Premium Rider
- Waiver of Premium with Disability Income Riders
- Payor Benefit Rider
- Automatic Premium Loan Rider
- Term Riders
- Return of Premium Rider
- Return of Cash Value Rider
- Chapter Summary
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Print Section 5*
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VI.
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| Take Chapter 3 Test
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