Disability Insurance Products and Principles

$49.00 each

Instructional Method Advanced Preparation Program Prerequisites Field Of Study
Interactive Self Study NONE NONE Specialized Knowledge
Experience Level Course ID CPE Credits Author
Overview PW-802 5 NONE

*** This course does not qualify for Insurance CE***


The Disability Insurance course consists of seven lessons covering the principal disability products: disability income, income replacement, business overhead expense and disability buyout. The course includes the following lessons:

  1. Introduction to Disability Income Insurance
  2. Disability Policy Definitions and Benefits
  3. Principal  Disability Rider Benefits
  4. Disability Income Underwriting
  5. Primary Sources of Disability Income Benefits
  6. Special Coverage Disability Policies
  7. Taxation of Disability Coverage

The text focuses primarily on disability income insurance although business-related disability products, such as disability buyout and business overhead expense policies, are also examined. 
Students are introduced to the various definitions of disability—own occupation, any occupation, etc.—that are used by insurers, as well as the important differences between the principal renewability provisions. Disability rider benefits are considered, including those benefits provided by the Social Insurance Benefits rider, the Purchase Option rider and the Return of Premium rider.