Managing Life Insurance Policies

Describes the use of life insurance as a financial tool.  It explains how to determine if a cash value policy is right for a client, and discusses the appropriate use of policy illustrations. This course also outlines how to manage the death benefit option in a universal life policy, and the type of expenses associated with variable universal life policies. This course describes how wealth accumulates in variable universal life policies.

Reviewed: February 2017 (no changes made)
Re-versioned: July 2016

What You'll Learn

After completing this course, students will be able to:

  • Explain the responsibilities a fiduciary needs to consider when managing life insurance
  • Describe the management of universal life policies including expenses and wealth accumulation
  • Explain the expenses associated with life insurance policies and how contracts are funded

​Audience​​​

Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.

Course Credits​​

ABA Professional Certifications: 1.0 CRSP, CTFA​​​​

ABA Certificates: This course applies to the ABA Certificate in Trust: Advanced​.



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​Questions? Please contact training@aba.com for more information.
 

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Purchase for a Team
To license this course to your bank for multiple learners, please contact ABA Training.​

 

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