A Beginner's Guide to Life Insurance in the United States

Name: A Beginner's Guide to Life Insurance in the United States
Rating: 4.0 (27 reviews)

Basic Facts About the 10 Most Popular Types of Life Insurance Available in the US

Created byMiriam Halberstam

Last updated 7/2023

English

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What you'll learn

Learner will gain general overview of Life Insurance in the United States.
Learner will learn basic facts about the 10 most popular types of Life Insurance available in the US.
Learner will review profiles of customers best suited for each of the 10 types of Life Insurance presented in the course.
By responding to quizzes, learner will retain information about the 10 types of Life Insurance available in the US.
This course will help the learner determine which of the 10 types of Life Insurance is best suited to his needs.
This course will prepare the learner for a meeting with a Life Insurance sales person.
The learner will be able to develop questions and points for a discussion with a Life Insurance sales person, when he/she feels ready to purchase a policy.

Course content

6 sections • 12 lectures • 51m total length

Lecture 1:4:44
Learn the basics of life insurance in the united states, including death benefits, beneficiaries, policy owners, riders, ten popular policy types, and prepare questions for a life insurance professional.

Lecture 2:4:51
Explore whole life insurance, also known as straight life or ordinary life, with a cash value that grows and fixed premiums that fund a lasting death benefit.
Lecture 34:20
Learn how term life insurance, or term assurance, offers fixed premiums for a set period and pays a death benefit if the insured dies, with riders for illness or disability.
Lecture 4:3:32
Renewable term life insurance lets you renew without a medical exam, with premiums recalculated but not based on new health conditions, highlighting advantages and drawbacks.

Lecture 5:5:40
Explore convertible term life insurance, a policy that converts from term to whole life without a medical exam, with premiums rising as coverage becomes permanent.
Lecture 5A:4:26
Understand universal life insurance, also known as adjustable life, a cash value policy with flexible premiums, monthly cost of insurance charges drawn from the cash value, and adjustable coverage.
Lecture Six:3:59
Learn how variable universal life insurance links to stock and bond accounts, offering a guaranteed minimum death benefit with potential for higher values, but higher risk and fees.
Lecture 7:5:29
Equity indexed universal life insurance is a permanent policy with a cash value linked to a stock index, not directly invested in stocks, growing tax-deferred and offering flexible death benefits.

Lecture Nine3:46
Discover no exam life insurance, which requires only basic details and may skip a medical exam, highlighting advantages for seniors and limits like smaller coverage and higher premiums.
Lecture Ten3:41
No-load life insurance can be bought directly from an insurance company to lower fees and agent commissions while increasing the policy's cash value, though it may sacrifice personal service.

Requirements

No prior knowledge of Life Insurance is needed.
An elementary knowledge of widely used financial terms (in the US) is recommended but not required

Description

A Life Insurance policy can serve as both a financial investment and a tool that ensures the financial well-being of loved ones in case of loss of income. This course simplifies the complexities of each of the 10 types of Life Insurance policies that are discussed, and it considers both the advantages and disadvantages inherent in each of the 10 different types of Life Insurance policies. Included are colorful photos and profiles of people who would benefit most from each of the 10 types of Life Insurance. Also included is a quiz following each discussion of one of the 10 types of Life Insurance, and this helps facilitate the process of learning and remembering new subject matter.

A discussion of Riders describes an additional option that may be available with the purchase of a Life Insurance policy; this option may increase the financial value of the policy.

In the tradition of professionals that offer a Free Consultation, this course is being offered at no charge so that the student who is completely unfamiliar with Life Insurance may acquire fundamental knowledge of this financial product.

The 10 types of Life Insurance policies discussed in the course are listed below:

1. Whole Life Insurance

2. Term Life Insurance

3. Renewable Term Life Insurance

4. Convertible Term Life Insurance

5. Universal Life Insurance

6. Variable Universal Life Insurance

7. Equity-Indexed Universal Life Insurance

8. Group Life Insurance

9. No Exam Life Insurance

10. No Load Life Insurance

Who this course is for:

This course will be valuable to anyone interested in purchasing a Life Insurance policy in the US.
This course will be of interest to anyone interested in learning about financial products.

A Beginner's Guide to Life Insurance in the United States

What you'll learn

Explore related topics

Course content

Introduction1 lecture • 5min

Lecture 2:3 lectures • 13min

Lecture 5:4 lectures • 20min

Lecture Eight:1 lecture • 4min

Lecture Nine:2 lectures • 7min

Lecture Eleven1 lecture • 3min

Requirements

Description

Who this course is for: