Colorado Life Producer — Pre-Licensing
This course is approved by the Colorado Division of Insurance for Pre-Licensing Education credit, 50.00 hours, self-study. Course #67711, Provider #237818 (Elite Online Training Academy LLC). Colorado requires approved pre-licensing education before you sit for this exam, and this course satisfies that requirement. Cost is shown above; see our cancellation and refund policy.
What you'll learn
Every section below is aligned with the Colorado content outline.
Section 1I. Types of Policies9 lessons+
- Term Life Insurance — Forms, Features, and When to Recommend
- Whole Life Insurance — Permanent Coverage with Cash Value
- Universal Life Insurance — Flexible Premium Permanent Coverage
- Variable Life and Variable Universal Life — Securities-Regulated Permanent Coverage
- Indexed Universal Life — Index-Linked Crediting on a Permanent Chassis
- Endowment Contracts — Historical Forms and Modern Treatment
- Industrial Life vs. Ordinary Life — Distribution and Premium Mechanics
- Group Life Insurance — Master Contracts, Certificates, and Conversion
- Credit Life Insurance — Loan-Linked Coverage and Regulatory Limits
Section 2II. Policy Riders, Provisions, Options, and Exclusions11 lessons+
- Riders Affecting the Insured — Waiver of Premium, Payor Benefit, AD&D
- Living-Benefit Riders — Accelerated Death Benefits and LTC Hybrid Coverage
- Insurability and Benefit Riders — GIO, ROP, COL, and Disability Income
- Family Riders — Adding Coverage for Spouse and Children
- Required Life Policy Provisions — Insuring Clause, Free Look, Ownership, Assignment
- Beneficiary Designations — Primary, Contingent, Revocable, and Common-Disaster Rules
- Premium Provisions — Grace Period, Automatic Premium Loan, and Reinstatement
- Contestability, Suicide Clause, and Common Life Exclusions
- Settlement Options — How Death Benefit Proceeds Are Paid
- Dividend Options on Participating Policies
- Nonforfeiture Options — Cash Surrender, Reduced Paid-Up, Extended Term
Section 3III. Completing the Application, Underwriting, and Delivering the Policy9 lessons+
- Completing the Life Insurance Application
- Conditional and Binding Receipts — When Coverage Begins
- Underwriting Information Sources — MIB, APS, Paramedical, Inspection, Consumer Reports
- FCRA in Life Underwriting — Reports, Notices, and Consumer Rights
- Risk Classification and STOLI
- USA PATRIOT Act and AML Compliance for Life Producers
- HIPAA, GLBA, and Privacy in Life Underwriting
- Life Insurance Policy Delivery — Mechanics and Free-Look
- Replacement of Life Insurance — Notice, Comparison Forms, and Producer Duties
Section 4IV. Premiums, Proceeds, and Beneficiaries7 lessons+
- How Life Insurance Premiums Are Calculated
- Premium Modes and Level vs. Flexible Premium Structures
- Cash Value Access — Loans, Withdrawals, and Surrender
- Death Benefit Settlement Mechanics — Income Stream and Tax
- Income Tax Treatment of Life Insurance Proceeds
- Estate and Gift Tax Treatment of Life Insurance
- Modified Endowment Contracts — 7-Pay Test and Tax Consequences
Section 5V. Annuities9 lessons+
- Annuity Structure — Owner, Annuitant, Beneficiary, and the Two Phases
- Annuity Funding — Single-Premium and Flexible-Premium Structures
- Immediate vs. Deferred Annuities
- Fixed Annuities — Guaranteed Returns and General Account Backing
- Variable Annuities — Separate-Account Investment with Securities Regulation
- Fixed-Indexed Annuities — Index-Linked Crediting on a General-Account Chassis
- Annuity Payout Options
- Annuity Taxation — Accumulation, Withdrawals, Annuitization
- Annuity Uses and Suitability Requirements
Section 6VI. Federal Tax Considerations for Life Insurance and Annuities5 lessons+
- IRC §7702 — How a Life Policy Qualifies as Life Insurance for Tax
- MEC Rules in Detail — 7-Pay Test, Material Change, and Distribution Tax
- §1035 Exchanges — Tax-Free Transfers Between Life, Annuity, and LTC Contracts
- Tax Treatment of Policy Loans, Partial Withdrawals, and Surrenders
- Transfer-for-Value Rule and Life Settlement Taxation
Section 7VII. Qualified Plans and Federal Retirement Plans6 lessons+
- Traditional and Roth IRAs
- SEP and SIMPLE IRAs — Small-Business Retirement Plans
- 401(k), 403(b), and 457 — Employer-Sponsored Defined Contribution Plans
- Defined Benefit vs. Defined Contribution Plans, and ERISA Basics
- Qualified Plan Rollovers — Direct, Indirect, and the 20% Withholding Trap
- Social Security — Retirement, Survivor, and Disability Benefits
Section 8VIII. Insurance Ethics5 lessons+
- The producer as a fiduciary — duties to the client, the insurer, and the public
- Fair dealing, suitability, and avoiding conflicts of interest
- Prohibited practices — misrepresentation, twisting, churning, rebating, and defamation (generic NAIC framing)
- Handling client money and information — trust accounts, privacy, and record integrity
- Professionalism in practice — case studies in ethical decision-making
Section 9IX. Colorado Insurance Code and Division of Insurance5 lessons+
- Colorado Division of Insurance — Authority, Examinations, Orders, Penalties
- Colorado Producer Licensing — Qualifications, Prelicensing, CE, Appointment, Termination
- Colorado Unfair Trade Practices, Statutory Bad Faith, and Algorithmic Discrimination
- Colorado Claims Handling — Acknowledgment, Investigation, Wildfire Protections
- Colorado Rating, Underwriting, Cancellation, and Residual Markets
Section 10X. Colorado Statutes Pertinent to Life Insurance5 lessons+
- Colorado Life Producer Licensing and Market Conduct — Appointment, Advertising, and Prohibited Practices
- Colorado Life and Annuity Replacement Regulation and the Free-Look Period
- Colorado Required Life Policy Provisions and Unfair Claims Settlement
- Colorado Annuity Best-Interest Suitability, Disclosure, and Senior Protections
- Colorado Life Guaranty Association, Viatical/Life Settlements, and Accelerated Death Benefits
How it works
Enroll
One-time payment of $49.99. Secure checkout powered by Stripe.
Study on your schedule
Read the lesson library, take section quizzes, and work through the practice-question bank as many times as you need.
Pass the real exam
Take the official Colorado exam with confidence. Most students finish the course in 2-4 weeks of casual study.
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