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Disability Insurance Products and Principles (eBook)

  • Credits: 5
  • Format: Self-Study eBook
  • Field of Study: Specialized Knowledge
  • Author/Speaker: Paul J. Winn
Course ID: Advanced Preparation: Experience Level:
PW-802.21 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© July 2020 General Understanding of Management N/A

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

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.

Financial and medical disability insurance underwriting is discussed, and the use of the occupational classification is explained. The important sources of disability income benefits are considered, including those provided by federal and state government programs, employer-related plans, and individually purchased policies. The tax treatment of disability premiums and benefits is explained.

Topics include:
  • Introduction to Disability Income Insurance
  • Disability Policy Definitions and Benefits
  • Principal Disability Rider Benefits
  • Disability Income Underwriting
  • Primary Sources of Disability Income Benefits
  • Special Coverage Disability Policies
  • Taxation of Disability Coverage

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s: