23-03-Understand, explain, and calculate future values (accumulating).
23-02-Understand, explain, and calculate present values (discounting).
23-04-Explain how changes in interest rates and time periods affect present values and future values.
23-05-Calculate the present values and the future values of various annuities (series of annual payments).
23-01-Explain the concepts of compound interest and simple interest.
02-01-Explain the concept of risk pooling and how it applies to life insurance.
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.
03 HS 323 Summary
08-12-Explain how surrender values are determined for nontraditional products such as universal life insurance.
10 HS 323 Summary
08-05-Explain the settlement agreement provisions concerning contract and current rates, rights of withdrawal and commutation, and minimum-amount requirements.
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.
08-10-Explain the philosophy underlying the adjusted-premium method, how a surrender value is computed with that method, and how the adjusted-premium method
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.
08-03-Understand the underlying concepts and rules of settlement options.
08-02-Explain how policy loans affect surrender options, especially extended term insurance.
03-03-Understand and explain the differences in some specific mortality tables and indicate their uses.
08-01-Describe and understand each of the surrender options required in policies with cash values.
08-04-Describe the basic settlement option choices available to policyowners and policy beneficiaries.
03-01-Understand and calculate, using a mortality table, some specific probabilities of living and of dying.
07-01-Describe the features of variable life, and understand its dual regulation status.
07-04-Describe and understand variable universal life insurance policies.
04-02-Describe and understand the renewability and conversion provisions.
07-02-Be aware of the variable adjustable life policy and its features.
Podchaser is the ultimate destination for podcast data, search, and discovery. Learn More