Employee Life and Disability Insurance

Course Number:50
Category:Employee Benefits
Field of Study:Personnel/HR
Audience:HR Managers, HR Generalists, Benefits Professionals
Level of Difficulty:Overview
Delivery Method:QAS Self Study
Prerequisites: None
Advanced Preparation:None
SHRM BASK:As defined by the SHRM Body of Applied Skills and Knowledge (BASK), this self-study course relates to competencies in Service Excellence with functional areas in Total Rewards and U.S. Employment Law and Regulations.
OverviewFor employees and their families, life and disability insurance can provide an important safety net. Many organizations include such insurance in their benefit plans. An additional safety net is Social Security. This course will look at the different kinds of life insurance policies that are available and examine how disability insurance works. It also explores how Social Security may replace some of the earnings of a deceased family member and what provisions there are for compensating an employee who becomes disabled.
Learning Objectives:
  • Identify what kind of life insurance policy is commonly in a group life plan
  • Recognize the basic elements of permanent life insurance
  • Differentiate between whole life, universal life, and variable life insurance
  • Recognize the basic elements of term life insurance
  • Differentiate between the different types of term life insurance
  • Specify what Social Security survivor’s benefits are
  • Recognize survivor’s benefits for widows, widowers, children, dependent parents, and divorced spouses
  • Differentiate between disability insurance and worker’s compensation
  • Recognize eligibility for disability insurance benefits
  • Specify the portion of working income provided by disability insurance
  • Differentiate between long-term and short-term disability insurance
  • Define “own occ” and “any occ”
  • Recognize eligibility for Social Security disability benefits
Credit & Professional
Continuing
Education Information:
  • SHRM-CP/SHRM-SCP Credit Information:

    ERI Distance Learning Center is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities. This program is valid for 2 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.

    SHRM Preferred Provider
  • aPHR/PHR/SPHR/GPHR Credit Information:

    ERI Distance Learning Center is a recognized provider of recertification credits. The HR Certification Institute® (HRCI®) has pre-approved this activity for 2 HR (General) credit hour(s) towards aPHR, PHR®, SPHR®, and GPHR® recertification.

    HRCI Approved Provider
    HR Certification Institute’s® (www.HRCI.org) official seal confirms that ERI Distance Learning Center meets the criteria for pre-approved recertification credit(s) for any of HRCI’s eight credentials, including SPHR® and PHR®.
  • CCP/CBP/GRP/WLCP Credit Information:

    This online course qualifies for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), and Work-Life Certified Professional (WLCP®) designations granted by WorldatWork Society of Certified Professionals. For more information on recertification, visit the Society website at www.worldatworksociety.org.

  • CPE QAS Self Study Credit Information:

    National Registry QAS Self Study - Course approved for 2 credit(s) in these states:

    Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virgin Islands, Virginia, Washington, West Virginia, Wyoming

    Course approved for 2 credit(s) in Vermont

Additional Information:
*The Course Credit List displays credits and credit types offered by location.
World at Work
CPE Sponsors - Registry
CPE Sponsors - QAS
CAC
CCC

ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®