640 Class 7 Outline

640 Class 7 Outline - Class 7 Outline Business Finance 640...

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Class 7 Outline Business Finance 640 - Insurance and Risk Winter 2008 I) Review: Types of Life Insurance A) Term Insurance B) Whole Life Insurance 1. Ordinary whole life 2. Limited payment whole life 3. Endowment Insurance 4. Variations of Whole Life Insurance 5. Variable Life Insurance 6. Universal Life Insurance 7. Variable Universal Life C) Other Types of Whole Life Insurance 1. Modified Life Insurance 2. Insurance for Preferred Risks 3. Second-to-Die Life Insurance II) Review: Life Insurance Contractual Provisions A) Ownership Clause B) Entire Contract Clause C) Incontestable Clause D) Suicide Clause E) Grace Period F) Reinstatement Clause G) Misstatement of Age or Sex Clause H) Beneficiary Designation I) Change of Plan Provision J) Exclusions and Restrictions K) Payment of Premiums L) Automatic Premium Loan III) Review - Dividend Options A) Sources of Surplus for Dividends B) Ways of Taking Dividends C) Other Uses of Dividends IV) Review- Non-forfeiture options A) Cash value B) Reduced Paid-up Insurance C) Extended Term Insurance
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640 Class 7 Outline - Class 7 Outline Business Finance 640...

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