Securely Insured, Part 1
Table of Contents
Chapter 1: Seeking Security Insurance is Part of Life’s Planning Liquid and non-liquid assets Personal Assets / Life Stages |
1 2 3 4 |
|
|
Chapter 2: Insurance and Risk Risk Takers (Survey) Determining Financial Status (Net Worth) |
7 11 14 |
Insurance and Financial Goals |
18 |
Insurance Objectives |
19 |
Estimating Requirements |
21 |
Charting Strategies |
23 |
Insurance Risk and the Unexpected |
24 |
|
|
Chapter 3: Determining Suitable Products Reaching Goals Logically Asset Allocation Annuity Asset Allocation Inaction: Nothing Ventured, Nothing Gained Everyone’s Problem |
27 27 28 29 30 31 |
The Self-Taught Investor / Making Decisions |
32 |
The Relationship of Risk to Return |
34 |
Types of Risk / Inflation: the Silent Reducer |
36 |
Deflation / Business Risk/Interest Rate Risk |
37 |
Market Risk / Illiquidity Risk |
38 |
Minimizing Risk |
39 |
The Beginner/ Personal Assets versus Investment Assets |
40 |
Assessing Emergency Cash Funds/Cash Value Life Insurance Contracts are Assets |
41 |
Diversification / Hard Assets |
42 |
The Role Insurance Plays in Investing |
43 |
Laddering Annuities |
44 |
|
|
Chapter 4: Product Suitability What is Suitability? Annuity Suitability or Best Interest Suitability/Best Interest Standards Determining Suitability Age of the Buyer Annual Income/Financial Situation and Needs Annuity Funding/ Financial Experience Financial Objectives (Do the Math) Intended Use of the Annuity/Time Horizons/Existing Assets Liquidity Needs or Requirements |
47 47 47 47 48 49 50 51 52 53 54 |
Net Worth/Risk Tolerance |
55 |
Tax Status/ Entering Retirement |
56 |
Assessing Suitability/Best Interest |
57 |
Sales Practices/Product Replacement |
58 |
Deceptive Sales Practices Forbidden/Full Disclosure/ |
59 |
Product Knowledge/Communication Skills |
59 |
Identifying Suitability/Best Interest Issues |
60 |
It is Not a Liquidity Issue but Rather a Suitability Issue |
60 |
Who is an Unsuitable Annuity Buyer? |
61 |
Annuity Suitability Recommendations |
63 |
Requesting Information to Obtain Suitability Status |
65 |
The Legal Side of Suitability Standards |
68 |
Self-Protection Through Errors and Omissions Insurance |
73 |
Insurance Agents |
78 |
Financial Planners/ Public Harm |
79 |
Triggers/ Insurance Recommendations in the Real World |
80 |
Degree Risks/ Risk Classifications |
83 |
The Burden of Risk |
84 |
What type of Documentation? |
86 |
Claiming Unearned Education or Experience/ Full Disclosure |
86 |
Release of Liability Form/What is Due Diligence? |
87 |
Fiduciary Duties/ Keep Current on New Trends |
88 |
|
|
Chapter 5: Identity Theft Insurance Identity Theft Defined What Thieves Look For (list) |
90 91 94 |
Mortgage Fraud |
95 |
Identity Theft and Assumption Deterrence Act |
96 |
Factors for Consideration |
97 |
Technical Amendments to Title 18, United States Code |
98 |
Insurance Identity Theft |
98 |
When Insurance Theft Occurs / Insurance Statistics |
99 |
Sample Identity Theft Policy |
100 |
Definitions of ‘Covered Accounts’ and ‘Red Flag’ |
101 |
Debt Affects Premium Rates |
109 |
Changing the Spending Pattern |
111 |
When 20% is Not Really 20% (credit card interest rates) |
115 |
|
|
Chapter 6: Safety Through Insurance The Patient Protection and Affordable Care Act The Affordable Care Act Today Changes in the Law Affect Health Care Adverse Selection Dealing with the Results Small Businesses and Self-Employed Pharmaceuticals Work Requirements Requested by Some States 2017 Modifications to the Affordable Care Act Long Term Care Policies |
117 118 118 119 119 121 122 123 125 125 127 |
Defining Policy Benefits |
128 |
Daily Benefit, Waiting Period, Maximum Benefit Period |
129 |
Type of Facility, Indemnity Policies, Homebound |
130 |
Prior Hospitalization/ Inflation Protection |
131 |
Preexisting Conditions, Level Premium, Waiver of Premium |
132 |
Care Levels |
132 |
What Benefit Levels Should Be Recommended? |
133 |
Price of LTC may vary |
135 |
|
|
Chapter 7: Life Insurance What Is A Life Insurance Policy? Life Insurance Needs: worksheet Planning for The Future Through Estate Creation Life Insurance Trusts Life Insurance for Estate Planning Types of Life Insurance / Term Insurance Whole Life Insurance Endowment Insurance Policies Universal Life Insurance Policies/ Variable Life Insurance Policies Survivorship Life Insurance Single Premium Whole Life Policies Annuities Qualified Longevity Annuity Contracts (QLAC) Annuity Advantages Individual Retirement Accounts (IRA)
|
137 138 139 140 142 147 148 149 150 150 151 152 153 157 159 160 |
Chapter 8: Protecting Assets Through Insurance Bodily Injury Liability Property Damage Liability / Medical Payments Coverage Uninsured Motorists / Collision Comprehensive Physical Damage / No-Fault Laws To Tell Or Not To Tell / Insuring Our Greatest Investment: Home Sweet Home |
161 161 162 163 164 166 |
Form 1 |
166 |
Form 2 / Form 3 |
167 |
Form 4 / Form 5/ Form 6 |
168 |
Form 7 / Form 8 |
169 |
Earthquake Coverage |
170 |
Fracking-Induced Earthquakes |
171 |
Fracking Terminology |
172 |
Flooding / General Homeowner Coverage |
176 |
Floaters / Umbrella Policies |
177 |
|
|
United Insurance Educators, Inc.
(253) 846-1155
Email: mail@uiece.com