Life Insurance Needs Analysis and Suitability
Chapters in this video
What this video covers
- How to calculate a coverage gap by subtracting available resources from stated obligations without double counting
- How income replacement, debt, education costs, and existing resources affect the amount of coverage needed
- Why coverage amount and duration are separate, and how a policy can end before the need does
- How to compare premium payment modes using the yearly cost multipliers of 12, 4, and 2
- How cash value, liquidity, policy loans, withdrawals, underwriting, conversion, and lapse risk affect suitability
- Why policy illustrations and projected values do not become guarantees, and why affordability still matters
- How policyowner, insured, beneficiary, and obligated buyer roles fit key-person and buy-sell needs
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Life and Health course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.