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California Insurance Exam Prep
California Insurance Exam Prep
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Chapter 4
Life Insurance – Basics
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Insurable interest
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Five personal uses of life insurance: SECLE
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How much coverage? Human life value vs. the needs approach (DIME)
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Four business uses of life insurance: BKEC
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Business and special-purpose uses: split dollar, deferred compensation, pre-need, modified premium
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Mnemonics, part 1: risk, needs, roles and authority
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