Nevada Life Insurance
Explore the lessons in Needs and benefits. Start with a lesson and review the key ideas. Use lesson questions when available.
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When someone dies, the people who depended on them face two kinds of costs. Some bills arrive once, like a funeral or a loan balance. Others repeat every month, like groceries and childcare. A needs estimate adds up both kinds of costs and then subtracts the money the household will actually have.
About 22 minutes
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Open lesson →Life insurance is not only bought by a household to protect a family. A business can buy it to protect itself, owners can use it to pay for one another's share of the business, and an employer can provide it to many workers under one contract. All three involve a death benefit, but they solve different problems.
About 21 minutes
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Open lesson →Many tax questions on the exam look hard because several kinds of money appear in one story: premiums, death benefits, interest, dividends, cash surrenders, plan contributions and policy loans. The useful habit is simple. First name what kind of money it is and who is paying or receiving it. Then apply the tax rule for that kind of money.
About 29 minutes
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