Variable Universal Life Insurance

Understand the history, key features, and mechanics of the variable universal life insurance product.

Includes: Certificate of Completion

Approval: #235608

Credit Type: Life Only

Credit: 3 Hour(s) | Language: English

About this Course

Variable Universal Life (VUL) Insurance begins with an examination of the financial and political environment in the decade of the 1970s that gave rise to the conditions resulting in the development of the universal life insurance product. The student will understand the roles played by extraordinarily high interest rates that gave rise to disintermediation and a Federal Trade Commission report that was critical of whole life insurance in the decline of whole life insurance sales. Fixed premium variable life insurance is considered, principally in its role as a precursor and foundation for the VUL product.
The key features of all universal life insurance products, including VUL, are examined, including their:
- Flexible premiums
- Adjustable coverage
- Expense and mortality charges
- Death benefit options and their relationship to the policy's amount at risk
Cash value access and taxation are considered, and the appropriateness of withdrawals and policy loans are discussed in reference to the policy owner's intent to repay. Variable universal life suitability is examined, and students are provided with decisional factors to consider in making any suitability analysis.
 

Regulatory Information

Name:California Department of Insurance
Phone:916-492-3500
Fax:916-445-5280
Website URL:https://www.insurance.ca.gov/
Email Address:license.bureau@insurance.ca.gov
Address:300 Capitol Mall, Ste.1700
City:Sacramento
State:CA
Zip:95814

Bulk Purchases

Bulk Order Calculator

X
$ 10.00

BUY IN BULK ACROSS THE ENTIRE COURSE CATALOG

360training's extensive course catalog includes over 6,000 courses in a variety of different industries. Browse our complete course catalog, select all the courses you need, and calculate your savings.

Additional Benefits

icon
  • Access in-depth course completion reporting
  • Enroll employees in courses they need
  • Create unique training plans
  • Save on costs when you buy in bulk
  • Achieve companywide compliance goals
  • Get help from a dedicated support team

Privacy Policy  |   Legal

©2021 360training

©2021 360training