Nebraska Course Update January 2019
> Nebraska Life and Life & Health Addendum
NEBRASKA LIFE AND LIFE & HEALTH
Addendum: for use with Washington Life and Life & Health
online ExamFX courses and study guide version 20930en, per
exam content outline updates effective 1/21/2019.
The following are content additions to supplement your existing text unless otherwise indicated:
Introduction
The Life Exam Breakdown has been updated as follows:
Nebraska Life and Annuities Insurance Examination - 100 Questions
| Chapter | Percentage of Exam |
| General Insurance | 10% |
| Life Insurance Basics | 18% |
| Life Insurance Policies | 18% |
| Life Insurance Policy Provisions, Options and Riders | 20% |
| Annuities | 15% |
| Qualified Plans | 4% |
| Federal Tax Considerations for Life Insurance and Annuities | 5% |
| Insurance Regulations | 10% |
The following topics have been deleted:
- Premium Concepts (Chapter III. Life Insurance Basics)
- Term-to-65 Contract (Chapter IV. Life Insurance Policies)
- Indeterminate Premium (Chapter IV. Life Insurance Policies)
- Graded Premium (Chapter IV. Life Insurance Policies)
- Current Assumption (Chapter IV. Life Insurance Policies)
- Family Term Rider (Chapter V. Life Insurance Policy Provisions, Options and Riders)
The following are additions to supplement your existing text:
Variable Universal Life
Variable universal life insurance is a type of insurance that combines many features of the whole life with the flexible premium of universal life and the investment component of variable life, making it a securities version of the universal life insurance. Variable universal life insurance, like universal life itself, has the following features and characteristics:
A flexible premium that can be increased, decreased or skipped as long as there is enough
value in the policy to fund the death benefit;
Increasing and decreasing the amount of insurance; and
Cash withdrawals or policy loans.
Unlike universal life, most of the investment vehicles in variable universal life policies do not guarantee return.