Policy Provisions - Life Insurance Exam Prep

In this video I cover the life insurance policy provisions that you will need to know to pass your life insurance license exam.

Learn About The Different Types Of Life Insurance Policies: Types Of Life Insurance Policies - Li...

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CHAPTERS
0:00 - Intro
0:18 - Entire Contract (Policy, Application, Riders/Amendments)
1:45 - Insuring Clause
3:32 - Free Look Period
6:03 - Consideration
6:50 - Owner’s Rights + Parties Involved
9:50 - Assignment of Rights
11:52 - Beneficiary Types + Designations
13:40 - Revocable + Irrevocable Beneficiary
14:38 - Simultaneous Death Law / Clause
16:25 - Premium Payments
19:06 - Reinstatement
20:12- Incontestability
20:31 - Policy Loan
24:09 - Automatic Premium Loan
26:09 - Exclusions
27:30 - Suicide


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