Online course: Life Insurance Products

LOMA 08 July 2019

Trainer: N/A


This robust LOMA course provides an overview of (a) the difference between whole life and term life; (b) renewable, convertible, and return of premium term life insurance; and (c) reasons for choosing one product over another.

While this is ideal for all new employees, it can serve well as “required reading” for employees who are new to product development, marketing, compliance, underwriting, or customer service functions.

Language: English

The course is online and can be accessed both from computer and mobile devices.

Target group

Employees of companies from the insurance and financial services industry.

Course objectives

  • Describe the key differences between term life insurance and cash value life insurance
  • Discuss three types of term life insurance and provide three examples of decreasing term insurance
  • Determine when the premium charged for term life insurance may increase
  • Describe how renewable, convertible, and return of premium term life insurance policies work
  • Differentiate between whole life insurance, modified whole life insurance, joint whole life insurance and cash value life insurance
  • Explain the features and benefits of universal life and variable universal life policies

Duration / Period

1 hour

The displayed period is indicative, being online the course is available at any time.

The course can be completed within 6 months of enrollment.


The necessary investement for this course is of 60 USD+VAT/participant.

The participation fee may be subject to changes based on LOMA policy.

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