CE 115: Overview

CE 115

DISABILITY INCOME INSURANCE

COURSE OVERVIEW

In our society, the ability to work is extremely important—it provides income, access to health insurance, and in many cases, retirement benefits. A significant proportion of our population becomes disabled every year and is unable to continue working. The income lost during such periods of disability can be almost completely replaced by disability insurance benefits. Disability insurance policies are available to provide short-term, long-term, and/or lifetime benefits. They can provide both monthly and lump-sum payments to fund business buy-sell agreements in the event of the disability of a business owner. Persons providing insurance or financial advice should be familiar with the types of disability coverage available and know what sort of restrictions and limitations are generally applicable.

115-VK95

CONTINUING EDUCATION CREDIT

The completion of this course will earn continuing education credit for life insurance agents in most states. This course is also eligible for credit under PACE, the joint continuing education program of The American College and the American Society of CLU & ChFC. In most cases continuing education credit will also be granted by other professional designation programs.

To determine the acceptability for continuing education credit as well as the number of credits that are granted, see the enclosed continuing education credit guide.

SPECIAL NOTES TO STUDENTS

This publication is designed to provide accurate and authoritative information about the subject covered. The American College is not engaged in rendering legal, accounting, or other professional service. If legal or other expert advice is required, the services of an appropriate professional should be sought.
The material in this course guide was current on the date it was prepared for printing, but some material may have changed by the time you complete the course. If you are planning to earn continuing education credit by taking the course examination, the examination package explains the examination policy of The American College regarding information that may have changed since the course guide was prepared.
If you have any questions, call The American College’s Office of Student Services at (610) 526-1490.

ACKNOWLEDGMENTS

This course was written by Egnar F. Jensen, CLU, FLMI, director of continuing education development; it is based on material written by Edward E. Graves, CLU, ChFC, associate professor of insurance at The American College. The reading is reprinted (with changes) from McGill’s Life Insurance (The American College, Bryn Mawr, PA: 1994). The course editor was Keith de Pinho, and the production assistant was Jane Hassinger.

HOW TO USE THE COURSE GUIDE

For each continuing education course The American College prepares a course guide that is designed to assist you in becoming thoroughly familiar with the material. The course guide can be used if you earn continuing education credit either by self-studying and taking the course examination or by attending a classroom presentation of the course material.

Self-Study with Examination

If you self-study, use the following parts of the course guide:

Part 1—Course Objectives
These objectives tell you what you will be able to do after you have completed the course.

Part 2—Course Reading
This is the material you must understand in order to pass the continuing education examination for the course.

Part 3—Course Outline
This is an outline of the material in the reading. It serves as a review of the major points covered in the course.

Part 4—Study Questions
Answer the study questions. They are a key to the important concepts and a basic testing of the material in the course reading. Each question has a page reference to the course reading and space for notes or answers.

Part 5—Answers to Selected Study Questions
Using the page references in part 4, you should have no difficulty verifying your answers to the questions. However, some questions may be in the form of case studies, fact patterns, or mathematical problems. These questions are answered in part 5.

Part 6—Review Questions and Answers
These true-false questions will give you an indication of whether you have mastered the course material and should proceed to take the course examination. Each question has a page reference to the reading. Answers and an explanation of all false items appear at the end of the section.

Part 7—Key Terms
These terms consist of new vocabulary specific to the subject matter. There is space to define each term.

Part 8—Quick Quiz
Ten questions to test your mastery of the course in a nutshell, with answers to all questions.

Part 9—Evaluation Forms
Questions that give you an opportunity to critique the material and suggest changes.

When you have completed the course guide, take the multiple-choice examination that is contained in the separate examination package. You must follow the examination rules precisely in order to receive continuing education credit.

Classroom Attendance

If you are attending a classroom presentation of the course material, use the following parts of the course guide:

Part 1—Course Objectives
These objectives tell you what you will be able to do after you have completed the course.

Part 2—Course Reading
This is the material you must understand in order to pass the continuing education examination for the course. You may want to read it before you attend the presentation of the course material or use it to reinforce your understanding of the material after the presentation.

Part 3—Course Outline
This is an outline of the material that will be presented. Opposite each page of outline material is a blank page to take notes on.

Part 7—Key Terms
These terms consist of new vocabulary specific to the subject matter. There is space to define each term.

Part 8—Quick Quiz
Ten questions to test your mastery of the course in a nutshell, with answers to all the questions.

Part 9—Evaluation Form
Questions that give you an opportunity to critique the material and suggest changes.

When you have completed your review of the course guide, take the multiple-choice examination that is contained in the separate examination package. You must follow the examination rules precisely in order to receive continuing education credit.

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