Variable Universal Life Insurance examines the key features of VUL products, including their flexible premiums, adjustable coverage, expense and mortality charges and death benefit options.
Upon completion of the course, the student should be able to:
- Describe the flexibility of variable universal life insurance premiums and the adjustability of its death benefit;
- Compare and contrast variable universal life death benefit Option A, B and C;
- Explain the applicable variable universal life expense and mortality charges;
- Calculate variable universal life coverage, net amount at risk, cash value and mortality charges;
- Understand variable universal life transactions, premiums, surrenders, loans and withdrawals;
- Discuss the special VUL policyowner rights;
- Explain the tools available to a VUL policyowner to manage cash value volatility;
- Identify the basic VUL variable subaccounts and the risks normally found in various classes of investments;
- Apply the FINRA guidelines with respect to VUL suitability; and
- Identify variable universal life suitability factors.
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/Ethics
