The Video Guide to Uncle Bill's Life, Accident and Health Producer Program

NOTE: These videos alone will NOT be enough to receive a certificate of completion.  To earn a certificate of completion you must take either the straight self study or the self study with classroom review.

This is a full videos series of Uncle Bill's Guide to Life, Accident and Health Insurance.

Chapter 1 Insurance Basics

• Exposure and Risk
• Risk Management
• The Law of Large Numbers and the process of transferring risk
• Adverse Selection and rating factors
• Group Underwriting
• How groups avoid adverse selection and why do insurers love group insurance
• Different types of insurers and rating services
• Producer and different types of authority
• Contract law Offer-Premium
• Application for Life and Health Insurance
• Methods insurance companies use to verify applications
• Methods insurance companies use to verify applications conclusion
• Acceptance and Consideration
• Competent Parties
• Legal Purpose and unique characteristics of insurance contracts

Chap 2 Life Insurance Basics and Policies

• Purpose and use of life insurance and estate creation and conservation
• Business Uses of Life Insurance
• How much Life insurance to buy
• Term vs. Whole life and an intro to Term insurance
• Various types of Term Insurance Level, Level Premium, Decreasing
• Renewable Term
• Convertible Term
• Intro to Whole Life
• Premium Payment for Whole Life
• Graded Premium Whole Life
• Interest Sensitive and Equity Indexed Whole Life
• Adjustable Life
• Universal Life
• Modified Life

Chap 3 Life Insurance Provisions and Riders

• Intro to Required vs. Optional Provisions
• Entire Contract and Incontestability
• Misstatement of Age, Ownership, Right to Examine and Loans
• Assignment, Payment of Premium, Grace Period and Reinstatement
• Time Limit on Defenses, Back Dating, Suicide and Aviation
• Beneficiaries
• Common Disaster and Spendthrift
• Dividend Options
• Non-Forfeiture Options
• Settlement Options
• Riders dealing with Disability
• Riders dealing with death benefits, adding on insureds, and accelerated death benefits

Chap 4 Annuities, Qualified Plans and Taxes

• How Annuities Work
• Annuity Basics
• Annuity Adjectives
• The Story of Penny Pincher
• The Uses of Annuities
• IRAS Roth IRAS Rollovers and Transfers
• Taxes

Chap 5 Group Life Insurance

• How Group Insurance Works
• Group Life Insurance Conversion

Chap 6 State Law for Life Insurance

• Guaranty Fund, Rules for Universal, Group Credit Life and Unfair discrimination
• Advertising and Replacement

Chap 7 General State Law

• Intro to Michigan Insurance State Law
• Michigan Insurance Law Who can get Licensed
• Michigan Insurance Law, Appointments, Cancellations, Notifications and Continuing Education
• Michigan Insurance Law General Laws
• Michigan Insurance Law Uniform Trade Practices Act
• Michigan Insurance Law Crime and Punishment

Chap 8 The Basics of Accident and Health Insurance

• The basics of health and the difference between an accident and an occurrence

Chap 9 Medical Expense Insurance

• The Basics of Medical Expense
• Base Plans, Scheduled Plans and Major Medical
• Medical Expense Polices Benefits and Exclusions
• How do you pay a Medical Expense Claim
• Medical Expense Distribution Systems

Chap 10 Disability Income

• The Basics of Disability Income
• Setting Benefit Limits
• The Defining Disability
• Coordinating with Worker's Comp, Elimination Periods, Partial Disability and Residual Disability
• Waiver of Premium, Return of Premium and Income Replacement Contracts, Exclusions and finally Short term vs Long Term
• Business Uses of Disability Income

Chap 11 Medicare, Medicaid and Long Term Care Insurance.

• Medicare Intro and Part A
• Medicare Part B, Part C and Part D Plus Medicaid
• Medicare Supplements
• Long Term Care
• Long Term Care Conclusion

Chap 12 Health Provisions

• Health Provisions: Entire Contract, Incontestable, Grace Period, Reinstatement and Claims
• Payment of Claims, Physical Examines, Legal Action Against the Insurer, Free Look, Change of Occupation, Misstatement of Age, Other Insurance, Unpaid Premium, Compliance with State Law and Illegal occupation
• Renewal Provisions

Chap 13 Group Health

• The Basics of Group Insurance
• Coordination of Benefits, Change of Insurer and Extension of Benefits
• Small Group Statute, HIPAA and COBRA
• Worker's Comp

Chap 14 Limited Health Policies, Dental and Taxes

• Limited Health Policies
• Dental
• Taxes