The course titled “Life’s Risks” looks at the multiple types of insurance used to insure an individual from birth to death. The first chapter, Insuring from the Beginning, looks at how insurance treats pregnancy coverage, including Medicaid coverage. The ACA is mentioned, although not in the depth that it is covered in a later chapter.
The second chapter, Recognizing Life’s Risks, looks at insurance following birth. Critical Illness Insurance is covered, looking at both positive and negative aspects of this type of coverage. Life insurance on the very young is looked at, with the opposing views this brings.
Chapter three looks at life insurance. Life insurance is considered the ‘old man’ of the insurance world but that does not always mean that consumers and agents completely understand it. Since it is the agent’s job to understand the product, not the consumer’s, agents must make sure they present the products in a way that is understandable. No matter how knowledgeable an agent may be, if he or she cannot effectively communicate the benefits and exclusions of the product, then consumers are left short-changed. All types of life insurance are covered in this chapter, with emphasis on effective communication with clients.
The 4th chapter is on health insurance.
The 5th chapter covers disability insurance, which is perhaps the most undersold type of insurance in the marketplace.
Chapter six covers automobile insurance. The chapter does cover the routine aspects of automobile insurance but it also covers much more than that. Some agents might believe they already know everything there is to know about this subject, but they are wrong. One of the newest developments has to do with legalized marijuana.
Chapter seven is on homeowner’s insurance.
Chapter eight is on annuities: an oldie, but goodie. Annuities have been around far longer than most people realize. Does not cover the NAIC information for annuity suitability.
Chapter 9 looks at anti-money laundering.
Chapter 10 looks at identify theft.
Chapter 11 looks at a topic few people recognize: debt affects insurance.
Chapter 12 is on Employment Practices Liability Insurance.
The final chapter is on Ethical Insurance Practices, or plainly stated: how to be moral in an immoral world. Agents are held to a higher standard than many other people; agents can help or harm consumers. A fully educated agent can help reduce risk and insure a fully funded retirement for their clients. A poorly educated agent, no matter how well-meaning, can cause great financial harm.
United Insurance Educators, Inc.