NCMC - Section 1: Life Insurance Overview

The NAILBA Case Manager Certification Program helps train and develop new case managers on the life insurance case management process, while certifying existing case managers on the key skills, responsibilities, and best practices that are essential for their role. The program, which has been designed with a life insurance focus, is comprised of eight online learning modules with mastery quizzes for each module.

Section Overview:

PART I – THE PURPOSE OF LIFE INSURANCE
Life insurance is one of the most important financial decisions a client can make. In this video, you will learn about the purpose of life insurance and important key terminologies. You will gain an understanding of the parties in a life insurance contract and an overview of insurable interest.

PART II – TERM INSURANCE PRODUCTS, FEATURES, AND BENEFITS
Term insurance is one of the most affordable options for life insurance in today’s marketplace. In this video, we will be discussing term insurance vs. permanent insurance, including the different products, available features, and key terminologies. You will further gain an understanding of life insurance premiums and the different types of expenses within a life insurance contract.

PART III – PERMANENT INSURANCE PRODUCTS, FEATURES, AND BENEFITS
Permanent insurance is designed to provide life insurance coverage throughout a person’s lifetime. In this video, you will learn about the main categories of permanent insurance, including whole life insurance and universal life insurance variations. You will gain an understanding of permanent insurance cash values and the living benefits of permanent insurance.

PART III – PERMANENT INSURANCE PRODUCTS, FEATURES, AND BENEFITS CONTINUED
In this video, we continue our discussion on permanent life insurance with a focus on Variable Universal Life (VUL) and Indexed Universal Life (IUL) policy features and benefits. You will learn about Joint Life and Survivorship Life policies, Modified Endowment Contracts (MEC), and the availability of No-Load products for specific types of advisors.

PART IV – RIDERS, LIVING BENEFITS, AND POLICY PROVISIONS
Life insurance policy riders, living benefits, and accelerated death benefits allow policyholders to customize their coverage and gain access to a policy’s death benefit while they are living. This video provides an overview of the available riders and living benefits in the marketplace along with a discussion of standard rights of ownership, protective clauses, and other policy provisions.

PART V – LIFE INSURANCE ANALYSIS, REVIEWS, AND COMPENSATION
Designing the right life insurance solution for a client requires an assessment of many different factors. In this video, we will discuss how insurance carriers are rated and analyzed, as well as provide an overview of the life insurance case design process, policy reviews, and a discussion on life insurance compensation.

FIELD DEVELOPMENT COMMITTEE

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