Insurance for Everyday Life
Insurance for Everyday Life covers the types of insurance coverage that an average person might need and buy. Some types, like homeowner’s coverage, would not always apply to all people since some people rent rather than buy, but because it is a common type of insurance, it is covered. More importantly, it is a type of insurance that insurance producers are likely to sell.
The course begins with a chapter on insurance producer ethics. While everyone knows it is wrong to lie and steal, there are many aspects of ethics that go beyond the obvious aspects of ethics. Our ethics chapter covers the aspects that all people may not be familiar with, but insurance producers must certainly understand. We cover what a fiduciary is and how that applies to insurance. We cover competency, whether that relates to required knowledge of products, state mandated education, or understanding policy language and how it applies. The chapter also reviews the importance of health questions and the accuracy that is necessary on applications for underwriting risks.
This course covers insurance risk and how that affects various insurance products, such as earthquake and flood coverage. The course covers life insurance and all that entails, including preventing over insuring by gathering the necessary facts about the buyers that would impact benefit amounts.
Anti-money laundering is covered, including the AML program and suspicious activity that producers need to understand so they recognize it. We look at why insurer financial ratings matter when placing products. Insurance producer due diligence is covered.
There is a chapter on disability insurance, which is a largely overlooked risk for people in all walks of life. Long-term care insurance is covered in chapter six. Policy differences are discussed so producers can recommend products wisely.
Annuity Best Interest training examines why various states moved from annuity suitability requirements to annuity best interest requirements. Of course, income options are covered.
Earthquake insurance is specifically covered since more states are becoming aware of the risks involved. Automobile insurance is covered, including insuring classic cars, delivery drivers and RVs. Homeowners insurance is covered in chapter ten and covers all types, including insurance for renters.
Finally, the course covers unusual insurance: types of policies that people buy. This includes just about anything, such as alien abduction policies and body parts insurance.
United Insurance Educators, Inc.