CA Variable Life Insurance Policies 2 HR
-
2 Hour Course
- $10.00
Insurance licensees selling variable insurance products in California can satisfy their two-hour requirement for Variable Life insurance with this updated and current course. The material is based on the state’s content outline and includes all of the items required to be in the course.
The course includes an overview of individual variable life insurance, selected individual variable life insurance policy requirements, whether the policy is appropriate for the consumer, and additional requirements and best practice actions for those selling variable insurance and annuity contracts. The course includes specific regulations and rules that are associated with variable insurance products, as well as numerous examples, illustrations, and concepts that will give the licensees a refreshing view of the material.
The topics included in this course are:
- The key characteristics of individual variable life insurance for variable life insurance and Variable Universal life insurance;
- Selected individual variable life policy requirements, including:
- Mandatory cover page disclosures;
- Grace periods and free look periods;
- A description of the benefit base;
- Deferral of variable death benefit payments;
- Cash and surrender values;
- Separate accounts; and
- Qualifications of agents to sell variable life insurance.
The course continues with a deep look at whether a policy is appropriate and suitable for the consumer. This portion of the course contains important information on the “best interest” obligations of licensees and additional considerations that are part of recommending a suitable product for a consumer.
The course concludes with additional requirements and best practices, such as how the requirements for selling online compare to those for selling in-person, how to avoid misrepresentations and omissions in the practice of insurance, and the importance of documentation and how it can affect legal standing.
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Show Course ID: 0
- Approved By: California Department of Insurance
Instructor Bio
Gary Sternberg is a veteran of insurance training, having been in the insurance education industry for over 25 years. He is a highly focused, licensed professional with top-level skills in prelicense and continuing education content authorship and training. He is well-versed in compliance and has extensive experience with state and federal regulatory laws and rules. Gary brings to At Your Pace Online students his excellent teaching, writing, and presentation skills with the ability to turn the complex into learnable “normal” person material. Most importantly, Gary has a passion for insurance education and seeing students successfully navigate the licensing process.