Disability Insurance Products and Principles discusses the principal disability products: disability income, income replacement, business overhead expense and disability buyout. It examines disability policy definitions and provisions, principal disability rider benefits, disability income underwriting, primary sources of disability income benefits, special coverage disability policies and taxation of disability coverage.
Upon completion of this course, students should be able to:
- Recognize the various definitions of disability used by insurers;
- Distinguish the important differences between the principal renewability provisions;
- Identify the benefits provided by Social Insurance Benefits riders, Purchase Option riders and Return of Premium riders;
- Understand the nature of financial and medical disability insurance underwriting;
- Explain occupational classification;
- Describe the important sources of disability income benefits, including those provided by federal and state government programs, employer-related plans and individually purchased policies; and
- Recognize the tax treatment of disability premiums and benefits.
No advance preparation needed
Program Level – Basic
Program prerequisites – None
Delivery method – QAS self-study
Recommended CPE credits – 3
Recommended field of study – Insurance/Financial Planning/Ethics
Copyright 2024 by Winn Publications ALL RIGHTS RESERVED. NO PART OF THIS COURSE MAY BE REPRODUCED IN ANY FORM OR BY ANY MEANS WITHOUT THE WRITTEN PERMISSION OF THE COPYRIGHT HOLDER. All materials relating to this course are copyrighted by Winn Publications. Purchase of a course includes a license for one person to use the course materials. Absent specific written permission from the copyright holder, it is not permissible to distribute files containing course materials or printed versions of course materials to individuals who have not purchased the course. It is also not permissible to make the course materials available to others over a computer network, Intranet, Internet, or any other storage, transmittal, or retrieval system. This document is designed to provide general information and is not a substitute for professional advice in specific situations. It is not intended to be, and should not be construed as, legal or accounting advice which should be provided only by professional advisers. No advance preparation needed Program Level - Basic Program prerequisites - None Delivery method - QAS self-study Recommended CPE credits - 3 Recommended field of study - Insurance/Financial Planning
