Are You Ready To Pass Your Michigan Insurance Exam?

This self-study course is part of the process needed to become a licensed insurance agent as your participation supports your requirements of required self-study time to become eligible to take the state licensing exam!

  • You will learn the basics of comprehension for life insurance and its policies, along with an understanding of options, riders, and provisions.

  • You will learn about annuities, qualified plans, taxes, group insurance concepts, state laws, and state laws for life insurance.

  • This course is set at a self-study pace to allow every learner the ability to tackle the curriculum at their own pace, on their own schedule.

What's Inside The Course

MI Life Insurance Pre-Licensing Course Curriculum

    1. WELCOME!

    2. Utilize our Mobile App for easy access to your learning!

    3. Overview of process

    1. The Basics Of Life Insurance

    2. Exposures

    3. Pure vs. Speculative Risk

    4. Hazards and Perils

    5. Law of Large Numbers

    6. Underwriting and Rating

    7. Adverse Selection

    8. Categorizing Insureds

    9. Underwriting Groups

    10. Insurers and Producers

    11. Admitted versus Non-Admitted Carriers

    12. Producer, Principal

    13. Contracts, Premium Calculations and Applications

    14. Waiver and Estoppel

    15. Underwriting Information

    16. Insurable Interest and Contract Characteristics

    17. Chapter 1 - Powerpoint

    18. Life Quiz - Chapter 1

    1. Life Insurance Basics

    2. Classification of Life Insurance: Term vs. Permanent

    3. Business Uses of Life Insurance

    4. ​Human Life Value​ & Needs Approach

    5. Types of Life Insurance Policies – Term Insurance

    6. ​Advantages & Disadvantages of Term Life Insurance​

    7. Permanent Policies

    8. Straight, Limited, and Single Pay

    9. Modified and Graded Premium Whole Life

    10. Interest Sensitive (Current Assumption) Whole Life

    11. Equity Indexed Whole Life

    12. Advantages and Disadvantages of Whole Life

    13. Flexible Policies

    14. Adjustable Life

    15. Universal Life

    16. Variable Life and Variable Universal Life

    17. Survivorship Life and Juvenile Life

    18. Producer Responsibilities

    19. Life - Chapter 2 PowerPoint

    20. Life Quiz - Chapter 2

    1. Options, Provisions, and Riders

    2. Misstatement of Age or Sex

    3. Assignment clause

    4. Grace period and automatic premium loan rider

    5. Reinstatement provision

    6. Time limit of certain lawsuits

    7. Optional provisions

    8. Beneficiaries

    9. Common Disaster

    10. Dividend Options - "CRAPPO" - Mutuals NOT TAXED

    11. ​Non - Forfeiture Options​

    12. Settlement Options

    13. Riders

    14. Riders dealing with Living Benefits

    15. The Uniform Simultaneous Death Act

    16. Facility of Payment Provision

    17. Life Quiz - Chapter 3

    18. Chapter 3 Powerpoint

    1. Annuities qualified plans and taxes

    2. Qualified and Non-Qualified Plans

    3. Annuity Basics

    4. Uses of an Annuity

    5. Annuity Overview

    6. ​Types of Annuities​

    7. Types of Annuities to choose from?

    8. Annuity Period – How will the funds be paid out?

    9. IRAs – Individual Retirement Accounts

    10. Other Retirement Plans

    11. Rollovers and Transfers

    12. Tax Consequences of Life Insurance and Dividends

    13. Chapter 4 PowerPoint

    14. Life Quiz -Chapter 4

    1. Group Insurance Concepts

    2. Group Life Conversion

    3. Taxation for Group Life Insurance

    4. Life Quiz - Chapter 5

    5. Chapter 5 PowerPoint

About this course

  • $149.00
  • 96 lessons
  • 0 hours of video content

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