Distinguish among the types, costs, and benefits of life insurance.

Distinguishing among the major types, costs, and benefits of life insurance coverage should include

• an explanation of temporary insurance (term, decreasing term, level term, and credit life)
• an explanation of permanent insurance (straight life, limited-pay, universal, and variable)
• an explanation of endowment vs. annuity policies.

It should also include

• comparing the costs and benefits of additional coverage
• using a decision model to compare policies offered by different companies
• examining potential ramifications of lifestyle choices on premiums, insurability, and employability.