Discover how the living benefits from life insurance policies can allow early access to death benefits if a policyholder has been diagnosed with a terminal illness. This class covers qualifying events, different methods of benefit payouts, the difference between simplified issued policies and fully underwritten policies, tax consequences and adverse selection. Learn how living benefits interact with long term care and Medicaid and understand the standards for accelerated death benefits.
Class highlights include:
- Understanding Cash Values
- Acceleration of Living Benefits
- Critical Illnesses Versus Chronic Illness
- Types of Living Benefit Plans
- Underwriting Criteria
- Living Benefits and the Impact on Medicaid
- Life Insurance Consumer Disclosure Model Act
- Standards for Accelerated Death Benefits
- Approved for 2 Hours of Elective Continuing Education