LUTCF Course 2 study plan

Map the life insurance policy types (term, whole, universal, variable, indexed) onto a one-page comparison grid showing premium behavior, cash value mechanics, and death benefit options.

Explain to a study partner, without notes, how underwriting risk classes and mortality tables drive net premium, then self-score the explanation against your notes.

Compute three sample net single premiums using a simplified mortality table and an assumed interest rate, and verify each result twice.

List the standard policy provisions (incontestability, grace period, reinstatement, suicide clause, misstatement of age) and state the practical consequence of each for a client.

Distinguish dividends, nonforfeiture options, settlement options, and policy loans by writing a worked example of each in a client scenario.

Solve ten practice items on beneficiary designations, per stirpes versus per capita distribution, and contingent beneficiaries, recording the reasoning for each answer.

Compare fixed, indexed, and variable annuities on accumulation, crediting method, and payout mechanics in a two-column table.

Explain the taxation of annuity accumulation, exclusion ratio, and early withdrawal penalties using one numeric example.

Differentiate major medical, hospital indemnity, critical illness, and accident policies by covered events and benefit triggers in a written outline.

Trace the claims process for a disability income claim from elimination period through benefit calculation, including own-occupation versus any-occupation definitions.

Calculate monthly disability benefits under three sample policies with differing definitions and offsets, showing each step.

Summarize COBRA, HIPAA portability, and Medicare coordination rules in a short reference sheet with effective dates and eligibility triggers.

Classify the major health plan structures (indemnity, HMO, PPO, POS, HDHP with HSA) by network rules, cost sharing, and referral requirements.

Explain underwriting factors and rate-setting for individual health and disability coverage, including occupational class and benefit-period selection.

Analyze five practice scenarios requiring a choice among health or disability products, and justify each selection in writing.

Draft a client-facing explanation of how a health savings account interacts with a high-deductible plan, including contribution and distribution tax treatment.

Compute retirement income needs using the replacement-ratio and capital-needs approaches, and compare the two results for the same hypothetical client.

Calculate the impact of inflation and assumed return on accumulated savings over 20 and 30 year horizons using three scenarios.

Compare qualified plans (401(k), 403(b), traditional and Roth IRA, SEP, SIMPLE) by contribution limits, eligibility, and tax treatment in a matrix.

Explain required minimum distribution rules, rollover mechanics, and the consequences of early distribution penalties with worked figures.

Evaluate pension plan types (defined benefit, defined contribution, cash balance) and describe how each affects an employee's retirement income projection.

Explain Social Security benefit calculation, including the effect of claiming age and the taxation of benefits, using a numeric example.

Identify the tax and penalty treatment of distributions across account types and construct a sequencing strategy for withdrawals in retirement.

Solve twelve practice items on retirement plan taxation and distribution rules, logging the rule that justifies each answer.

Outline the estate settlement process from death through probate, and distinguish probate versus non-probate assets in a labeled diagram.

Explain the mechanics and current exclusion treatment of wills, intestacy, trusts, and titling arrangements, noting where facts must be verified against current law.

Compare the estate planning role of life insurance, annuities, and beneficiary designations with that of wills and trusts in a written analysis.

Describe gift and estate tax concepts, the marital and charitable deductions, and generation-skipping issues at a conceptual level.

Complete a timed 100-question mixed-domain practice exam and record the score and time used.

Categorize every missed item by domain and root cause (knowledge gap, misread, calculation error) in a written error log.

Re-teach each weak area from the error log by writing a short rule statement and one self-authored practice question per gap.

Review the four domain reference sheets end to end and recite the key rules aloud without consulting notes.