Life Insurance Fundamentals – Chapter 1
This course is structured to provide clarity, confidence, and practical insight—especially for Mississippi learners preparing for Life-Only licensure. Below are the current topics included in Chapter 1. Future chapters will expand on Health Insurance, policy types, and advanced scenarios.
🧱 Chapter 1: From Application to Accountability
Lesson Duration: ~80 minutes + Quiz
- The Basics of Insurance
- Key concepts: risk, premium, policy, peril, hazard
- Insurance terminology made simple
- Insurable Interest
- When it matters and why it’s required
- Legal implications and ethical considerations
- The Application Process
- From start to signature
- Red flags, suitability, and best practices
- Understanding Underwriting
- What underwriters evaluate (MIB, APS, financials)
- Risk classifications and policy outcomes
- Policy Delivery & First Impressions
- Delivery receipt, amendments, and effective date
- How to communicate coverage confidently
- Compliance Watch
- USA PATRIOT Act & AML compliance
- GLBA privacy protection
- Real-world ethical decision-making
âś… Knowledge Check: Chapter 1 Quiz
10-question quiz with explanations to reinforce key learning outcomes and test readiness.