Topic 2

LIFE INSURANCE POLICY PROVISIONS, OPTIONS, & RIDERS

  • Rights of Policy Ownership
  • Various types of Policy Provisions
  • Exclusions
  • Concept of Non-forfeitures Value
  • Policy Dividends
  • Policy Riders, which are additions to the basic policy

Learning Objectives:

This chapter will focus on life insurance policy provisions, to include options and riders. You will come to understand that life insurance is property, and that policyholders have important rights. These rights are spelled out in the policy provisions, and you will come to understand how life insurance contracts can be customized.



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Last modified: Wednesday, January 27, 2016, 10:45 AM