Life Insurance Continuing Education

Written by Helen Glenn Court
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From a potential policy holder's perspective, life insurance continuing education for the agent licensed to sell is important. You as an agent will be asked, for example, about the difference between term life, whole life, and universal life insurance. A simple definition isn't an adequate answer, not by any means. Policy holders will look to you for advice, explanations, and the most up-to-date information on how life insurance might help them in terms of financial planning. It's up to you to stay abreast of developments in the field with your life insurance continuing education.

Topics in Life Insurance Continuing Education

The high points of what you'll master in term life insurance continuing education, for instance, will include features and uses of term life coverage. If the potential policy holder has a limited budget, term life might be a good idea because it's the least expensive of all coverage options. Term life is also taken out in buy-sell agreements between partners in a business.

Whole life insurance coverage offers a guaranteed death benefit and is perfect for those who think on a long-term basis. Cash values for whole life coverage are also guaranteed if the policy holder chooses or needs to surrender their policy at some point. Whole life insurance is useful in estate planning, to create a legacy, cover tax liabilities, and in creating a pension plan of sorts for a policy holder's spouse.

Universal life insurance is the most versatile type of life insurance coverage. Also called adjustable life, it offers policy holders flexibility in determining premiums and an option to save for retirement. Like whole life, universal life coverage offers policy holders a way to create an estate, pay taxes at death, or establish a charity legacy. The finer details of each of these policy types is what you will need to master.

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