What is included in life insurance coverage under an insurance producer's license?

The inclusion of benefits for disability income and annuities in life insurance coverage under an insurance producer's license is accurate because life insurance policies can incorporate various features. Specifically, many life insurance products offer riders or supplementary benefits that provide coverage for disability income—that is, financial assistance in the event the policyholder becomes disabled and unable to work. Additionally, some life insurance policies may include or be associated with annuities, which provide a steady income during retirement.

These elements reflect the potential for life insurance not only to provide a death benefit but also to serve as a financial safety net during the insured's lifetime or for their beneficiaries. This interconnectedness of life insurance with disability benefits and annuities underscores the broader financial protection that such policies can offer, which is a key function of an insurance producer's license.