Essentials of Life Insurance

Use life insurance strategically to protect your income, preserve wealth, and support long-term financial goals. This course explains the different types of life insurance and shows how to determine the appropriate coverage amount. Evaluate the advantages and disadvantages of each option and gain clarity on the mechanics of permanent life insurance policies. Develop a structured understanding of policy design so you can integrate life insurance effectively into a broader financial plan.
Format

PDF Course

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Duration

2 Hours

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Course Information

Author: Steven Bragg
Course Number: SK0004

Learning Objectives
  • Identify the various uses for life insurance.
  • Specify the concepts underlying how life insurance operates.
  • Identify the information sources to verify the medical information of life insurance applicants.
  • Specify how the incontestability clause works.
  • Identify the elements of a permanent life insurance policy.
  • Recall the advantages and disadvantages of both types of life insurance.
  • Specify the advantages and disadvantages of policy loans.
  • Specify how premium financing operates.
  • Recall the circumstances under which you can transfer ownership of a life insurance policy.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Specialized Knowledge
Prerequisites: None
Advance Preparation: None
Latest Review Date: April 2026
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.