Essentials of Life Insurance

2 Credits: Specialized Knowledge


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Essentials of Life Insurance

Course Level
CPE Credits

2 Credits: Specialized Knowledge

Course Description

Life insurance is a key financial product, with real benefits when you know how to use it properly. In the Essentials of Life Insurance course, we describe the various types of life insurance, how to determine the correct amount of it, the relevant advantages and disadvantages, and how to understand the intricacies of permanent life insurance. These and many other topics should give you a solid understanding of how life insurance can benefit you.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify the various uses for life insurance.
  • Specify the concepts underlying how life insurance operates.
  • Identify the information sources to verify the medical information of life insurance applicants.
  • Specify how the incontestability clause works.
  • Identify the elements of a permanent life insurance policy.
  • Recall the advantages and disadvantages of both types of life insurance.
  • Specify the advantages and disadvantages of policy loans.
  • Specify how premium financing operates.
  • Recall the circumstances under which you can transfer ownership of a life insurance policy.
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Course Specifics

Course ID
Revision Date
December 6, 2023

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …