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Life & Health

RESOURCES

Study Guide

This Study Guide has been prepared to enhance your learning experience. It contains all of the Check-In questions, Knowledge Checks, and Self-Quizzes contained within the course, along with an Answer Key and Glossary. Use it as a tool to help practice and assess your knowledge of the course material, but do not mistake it for a comprehensive “short- cut” to preparing for the final exam.

Be sure to take a look at the section, “Appendix,” that follows the Answer Key in this Study Guide. It contains valuable suggestions for test preparation and study techniques, as well as some sample exam questions and a glossary of terms.

Your path to success in passing the final exam will come from your attentiveness during the course and the effort you put into preparation.

Study Set

Use this study set to review digital flashcards and play interactive vocabulary games for the insurance and risk management terms found in the glossary of this course!

Review Game

Use this trivia-style review game to test your knowledge prior to taking the final exam for this course! 

Issues Related to Beneficiaries

This video discusses the importance of selecting beneficiaries. Without a beneficiary, life insurance can become an estate nightmare. In addition, the importance of having contingent beneficiaries are also discussed. Finally, adding minors or people with impairments as beneficiaries also create unique issues. Learn how to avoid these issues by properly selecting beneficiaries

Life Insurance Riders

This video explains how important riders can be on a life insurance policy. Long Term Care coverage is beneficial and necessary in most situations. Learn how to add coverage by using a long term care rider on a life insurance policy. In addition, the video discusses critical care riders, as well as other riders that can be used to tailor the policy to the needs and desires of the insured.

Understanding and Complying with HIPPA

In today’s electronic world, keeping customer data secure is paramount. This video goes in to detail about the Health Insurance Portability and Accountability Act (HIPAA). Regardless of the coverage being written, many policies require the customer to give personal information, often referred to as Protected Personal Information (PPI). HIPAA regulations  require this data to be secure. The video discusses the importance of protecting that sensitive data.

Considerations for Selecting Employee Benefits

This video duscusses what business owners should know about selecting benefits for their employees. From attracting employees to tax advantages, businesses can set themselves apart from others and attract quality employees. It’s important for employers to know what their workforce needs. Through this understanding, a business can not only set itself apart, but can retain good employees, as well.

Section 1

Glossary

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Sample Conditional Receipt

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Life Insurance Needs Analysis Worksheet

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History of Annuities

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Section 2

Glossary

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Sample Buy-Sell Agreement

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IRS Form 8925 Report of Employer-Owned Life Insurance Contracts

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Section 3

Glossary

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Health Care Comparison Chart

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IRA to HSA Rollovers

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2023 IRS Publication 502

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Genworth Cost of Care Survey

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LTC Comparison Chart

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