LESSON 10: USES OF LIFE INSURANCE
The following subjects are contained within Lesson 10:
Determining Needs - (Final Expenses, Housing, Education, Monthly Income, Emergencies, Disability or Illness, Retirement); The Human Life Value Approach; The Needs Approach; Coverdell Education Savings Account
Individual Uses of Life Insurance - Final Expenses; Readjustment Timeframe; Dependency Period; Blackout Period; Retirement
Business Uses of Life Insurance - Options for Divesting; Buy-Sell Plans (Disability Buy-Sells, Sole Proprietorships, Partnership Cross Purchases, Close Corporation Cross Purchases, Partnership Entity Buy-Sells, Close Corporation Stock Redemption Plans); Key Person Insurance (Benefits, Key Employee Purchase)
Employee Benefit Plans - Salary Continuation Plans; Split Dollar Plans; Deferred Compensation Plans
Lesson Review - Key Concepts; Quiz
The information contained in Lesson 10 can be found in
Unit 14 of the Florida study manual.
