Specific Learning Objectives by Lesson

Overview of Insurance

• Describe the origins of insurance.
• Identify the main organizations responsible for influencing insurance regulation.
• Identify common uses for insurance.
• Define the most common types of insurance coverage.
• Identify the types of insurers.
• Describe five ways to manage risk.

Life Insurance

• Define terms associated with life insurance.
• Recognize levels of adequacy of life insurance policies.
• Describe the areas of life insurance coverage.
• Identify the types of life insurance coverage.
• Recognize the cost effectiveness of life insurance policies.
• Identify taxation issues related to life insurance policies.

Disability Insurance

• List two reasons to have disability insurance.
• Describe the two basic types of disability coverage.
• Identify the difference between Any, Own, and Blended disability coverage.
• Describe the formula for calculating residual disability coverage.
• Identify the five considerations for choosing cost-effective disability insurance.
• Describe the taxation rules related to the payment options of disability premiums.

Long-Term Care Insurance

• Recognize the need for long-term care insurance.
• Identify common elements of long-term care insurance.
• Describe the benefits of long-term care insurance.
• Describe the costs associated with long-term care insurance.
• Identify the tax implications of long-term care insurance.

Public Insurance – Social Security & Medicare

• Calculate quarters of coverage to determine eligibility for Social Security.
• Define the qualifications for each type of Social Security insured status: fully, currently, and disabled.
• Define the retirement, disability, spouse, and survivor benefits available through Social Security.
• Describe the consequences of retiring early.
• Describe the eligibility requirements, benefits, and taxation of all four parts of Medicare.

Property & Casualty Insurance

• Identify the purpose of property and casualty insurance.
• Identify the contract components of a typical property and casualty insurance policy.
• Identify the main components of a homeowner’s insurance policy.
• Identify the purposes of liability coverage.
• Identify the main components of an automobile insurance policy.