20 HS 323 Summary
10 HS 323 Summary
19 HS 323 Summary
03 HS 323 Summary
08-11-Calculate policy surrender values using the adjusted-premium method, and interpret the results in terms of the extent to which first-year expenses have been amortized.
08-08-Describe the possible approaches to a withdrawing policyowner's equitable treatment, including any adjustments that might be made to a policy's asset share in implementing those approaches.
08-12-Explain how surrender values are determined for nontraditional products such as universal life insurance.
08-06-Describe the structure, characteristics, and functions of the four fundamental settlement options.
08-09-Describe the requirements the Standard Nonforfeiture Law imposes on surrender values.
08-05-Explain the settlement agreement provisions concerning contract and current rates, rights of withdrawal and commutation, and minimum-amount requirements.
08-10-Explain the philosophy underlying the adjusted-premium method, how a surrender value is computed with that method
08-04-Describe the basic settlement option choices available to policyowners and policy beneficiaries.
07-04-Describe and understand variable universal life insurance policies.
08-03-Understand the underlying concepts and rules of settlement options.
08-02-Explain how policy loans affect surrender options, especially extended term insurance.
07-01-Describe the features of variable life, and understand its dual regulation status.
07-02-Be aware of the variable adjustable life policy and its features.
05-04-Explain how some policies may be considered different because of insurer underwriting.
04-01-Describe and understand the nature and features of term life insurance.
08-01-Describe and understand each of the surrender options required in policies with cash values.
04-02-Describe and understand the renewability and conversion provisions.
05-05-Describe and understand the current assumption variations of life insurance.
06-01-Describe the universal life policy, and explain how its features differ from whole life policies.
04-03-Compare term insurance variations and their usefulness.
05-02-Explain how joint life policies work and differentiate them from single-life policies.
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