1. List and explain the three life-cycle stages.
2. List and explain the three methods used to determine clients' life insurance needs.
3. List the benefits of term life insurance.
4. List the options available with term life insurance.
5. List the benefits of whole life insurance.
6. List the options available with whole life insurance.
7. Describe the income tax consequences associated with whole life insurance plans.
8. Define a modified endowment contract.
9. Describe the benefits associated with group life insurance.
10. List and describe provisions commonly found in life insurance policies.
11. List the settlement options that are available to life insurance beneficiaries.
12. Why are beneficiaries not taxed on life insurance proceeds?
13. Describe why a client might want to take a loan out from a whole life insurance policy and what the consequences of that loan would be.
14. Define a vatical settlement.
15. What are the various needs for insurance on the person in general, and life insurance in particular?
16. What are the component needs that make up the needs approach to the amount of insurance needed?
17. How do term and whole life insurance differ, and what are the advantages/disadvantages of each?
18. What are the various types of term life insurance?
19. What are the various types of permanent life insurance?
20. What differentiates variable life insurance from variable universal life insurance?
21. At what threshold is an employee taxed on group term life insurance provided by an employer?
22. What are the various types of annuities that are settlement options from life insurance?
23. What are the tax implications of life insurance?
24. What are the various contractual provisions and options that pertain to life insurance contracts?
25. What is the structure and purpose of an entity purchase, or redemption, buy-sell agreement?
26. What is the structure and purpose of a cross-purchase buy-sell agreement?
27. What are the tax differences between entity and cross-purchase buy-sell agreement?