Life Insurance Law
The Burnham System
HS 324
PDF & MP3
Basic Study Material

The Burnham System is written and promptly revised by

Ray Burnham, CPCU, CLU, ARM, AIC, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, ALCM, AAI, AAI-M, APA, ARP, AIAF, AMIM, AAM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, PRC, REBC, RHU, ASF, LIA, CASL, ChFC, and PRC;

Jean O’Reilly, PhD, CPCU, ARM, AINS, AIS, API, AIC, SPPA, AIM, AIC-M. ARM-E, AU, AU-M, AAI, AAI-M, APA, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, AIAF, and PRC; and

Lisa Tobey, JD, CPCU, CLU, ARM, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, AAI, AAI-M, APA, AIAF, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, ACS, PRC, RWCS, RHU, REBC, CASL, AIC, EA, ChFC, and PRC.

Copyright © 2024 The Burnham System

HS 324
Digital & Audio Book

Life Insurance Law Study Guide

The Burnham System is the gold standard for HS 324 study guide materials. Using our guide you will learn everything needed to pass the HS 324 Exam in the shortest time possible. Simply, you will learn more faster.


Included for FREE with your purchase of this Digital Study Guide:

  • HS 324 Audio Study Guide Narrations, in MP3 file format, expertly narrated by Lisa Tobey
  • Definitions of each assignment's key words and other new terms
  • A sample diagnostic exam with answers and answer explanations


Study guide last updated: August 21, 2022


Current Text Edition: 10th


Ray's estimate of course difficulty (1, easiest and 10, hardest): 7


Number of study guide pages: 57


Covered within this study guide:

  • Fundamental Legal Concepts and Contract Law
  • Life Insurance Contracts including Legal Capacity, Mutual Assent, Consideration, Legal Purpose, and Legal Form
  • Insurer Avoidance of Contracts
  • Waiver, Estoppel, and Election by the Insurer
  • The Incontestable Clause and Other Policy Provisions
  • Life Insurance Premiums
  • Rights and Remedies
  • The Insurer’s Contract Performance
  • The Life Insurance Beneficiary
  • Policy Assignments and Creditors’ Rights
  • Agents and Brokers
  • Advertising and Privacy
  • Death and Dying
  • Ethics

As a good study guideline, figure anything in those 57 pages might be on your exam and that there will be nothing on your exam that is not covered in those 57 pages.


The Burnham System is written and promptly revised by

Ray Burnham, CPCU, CLU, ARM, AIC, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, ALCM, AAI, AAI-M, APA, ARP, AIAF, AMIM, AAM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, PRC, REBC, RHU, ASF, LIA, CASL, ChFC, and PRC;

Jean O’Reilly, PhD, CPCU, ARM, AINS, AIS, API, AIC, SPPA, AIM, AIC-M. ARM-E, AU, AU-M, AAI, AAI-M, APA, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, AIAF, and PRC; and

Lisa Tobey, JD, CPCU, CLU, ARM, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, AAI, AAI-M, APA, AIAF, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, ACS, PRC, RWCS, RHU, REBC, CASL, AIC, EA, ChFC, and PRC.

$245.00