Managing Life Insurance Policies
Course Number: ABA
Course Code: ABA
Describes the use of life insurance as a financial tool. It explains how to determine if a cash value policy is right for a client, and discusses the appropriate use of policy illustrations. This course also outlines how to manage the death benefit option in a universal life policy, and the type of expenses associated with variable universal life policies. This course describes how wealth accumulates in variable universal life policies.
Reviewed: February 2017 (no changes made)
Re-versioned: July 2016
What You’ll Learn
After completing this course, students will be able to:
-Explain the responsibilities a fiduciary needs to consider when managing life insurance
-Describe the management of universal life policies including expenses and wealth accumulation
-Explain the expenses associated with life insurance policies and how contracts are funded
Audience: Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.