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What the advisor should know about the living benefits of a life insurance policy

  • Accountant
  • CFP (US)
  • CPA (US)
  • CVA
  • CFA
  • ChFC
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

While everyone is aware of and can provide several examples of the many uses of the ‘Death Benefits of a Life Insurance policy, the same cannot be said of the various ‘Living Benefits of a Life Insurance policy. The major reason people buy life insurance is so that when they die, their family, business partners, or other beneficiaries will receive a check from the insurer. Most are also aware that the proceeds from a life policy can be received as income & estate tax-free if set up properly.

Unfortunately, however, most people view life insurance as a stodgy document that you buy and put in a file drawer, only to be looked at when the insured passes away. That thinking worked up to the early 1980s when there were only two types of life insurance, Term & Whole Life. Then in 2010 with the passage of the Pension Protection Act the concept of combining life Ins and long-term care coverage came into being and this further developed the need for professionals to become familiar with the new ‘Living Benefits’ of a typical life Insurance policy.

This CPE course will focus on the fact that life insurance is also an ‘Asset Class’ that can in addition to providing a death benefit for its beneficiaries, can also provide significant living benefits to an insured/owner while they are alive. 

There are four specific types of living benefits that can be enjoyed by those aware of and able to take advantage of them. Unfortunately, only a small number of policy owners and their advisors are aware of the current living benefits available in a life insurance policy today. These benefits that we’ll discuss are capable of providing so much more than just a death benefit.

This CPE Finance Webinar on insurance will help you to understand the basics of life insurance!

Learning Objectives

  • To discuss the concept of life insurance as an asset class.
  • To inspect the other little-known living benefits of a life ins policy.
  • To analyze how you or a client can benefit from using the 4 ‘living benefits’.
  • To analyze how to take advantage of the tax-favored strategies of a life insurance policy.

Recommended For

  • This Online CPE Webinar is recommended for CPA (US), CFA, CIPM, CVA, CBA/MCBA, ChFCA, CASL, ChSNC, RICP, WMCP, FSCP, PFS, TEP, CSA, and other finance professionals who want to learn about the benefits of life insurance.
  • This CPE course is helpful for accountants, attorneys, or advisors interested in learning; how to maximize the full potential of the living benefits in a life insurance policy for their benefit or a client.

Who Should Attend?

  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Certified Valuation Analysts
  • Chartered Financial Analyst
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Finance Pros
  • Personal Financial Specialist (PFS)

Course Qualification

Webinar Qualifies For

  • 1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
  • 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 1 PL Credit of Finance for Chartered Financial Analyst (CFA)
  • 1 CPE Credit of Life Insurance for Chartered Financial Consultant (ChFC)
  • 1 CPE Credit of Life Insurance for Financial Services Certified Professional (FSCP)
  • 1 CPE Credit of Life Insurance for Chartered Advisor in Senior Living (CASL)
  • 1 CPE Credit of Life Insurance for Chartered Special Needs Consultant (ChSNC)
  • 1 CPE Credit of Life Insurance for Retirement Income Certified Professional (RICP)
  • 1 CPE Credit of Life Insurance for Wealth Management Certified Professional (WMCP)
  • 1 PL Credit of Finance for Certificate In Investment Performance Measurement (CIPM)
  • 1 CPE Credit of Finance for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 CPD Credit of Personal Financial Planning for Personal Financial Specialist (PFS)
  • 1 CPE Credit of Finance for Certified Valuation Analyst (CVA)
  • 1 CPD Credit for Trust and Estate Practitioners (TEP)
  • 1 CE Credit of Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA)

Additional details

  • Course Level :
  • Credits :
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
  • Advance Preparation :


MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


About Presenter

Henry Montag

Account Executive, The TOLI Center East

I as the managing partner of The TOLI Center East help people better understand their life Insurance portfolio regardless of whether a person owns their life Insurance policy individually or through a trust. Whether the person is a CPA, an Attorney, or another type of an advisor, one thing remains the same.  Most people are not familiar with their life Ins and incorrectly assume that their coverage will be there for the rest of their lives.

But because the majority of life insurance purchased over the last 25 years is Not Guaranteed and has significantly been affected by years of decreased interest rates and neglect on the part of the amateur trustee that wasn’t aware that they should have been increasing the annual premium, an increasing percentage of those policies are now expiring years earlier than anticipated.

Lastly, Life Insurance today is an 'Asset Class' and as such can significantly benefit the Insured with its 'Living Benefits' as well as the beneficiary with its traditional death benefit.

The more you and your clients know about your & their life insurance portfolio, the better off everyone’s family will be.

Co-authored American Bar Association Flagship book ‘The Advisors’ & Trustees’ Guide to Managing Risk. Featured in Bloomberg, Trust & Estates, NYS Bar Association, Accounting Today, Tax Stringer, Wall Street Week TV, Fox News, Wall Street Journal, Investor’s Business Daily & More ★

Contact me at ✉ or ☎ 516-695-4662. Visit 🌎

Clients Say

  • “Mr. Montag gives new meaning to be a knowledgeable representative of what is best in insurance protection for you & your loved ones. A man of his word, his character is stellar & his breadth of understanding of an individual’s needs is enormous.”Mrs. Barbara G. NYC    

  • “Henry evaluated my insurance needs (financial wealth & personal objectives) & he changed 1 policy significantly by almost doubling the policy for the same premium. He truly cares about protecting you & is always easily accessible.” Dr. Barry B. Roslyn LI

About Company

The TOLI Center East

The TOLI Center East is a life insurance consulting and policy administration firm specializing in Trust-Owned Life Insurance (TOLI) policies.  Our clients are legal and tax advisors to policy owners, Irrevocable Life Insurance Trust (ILIT) trustees, grantors and beneficiaries, and Family Offices who lack life insurance product and policy evaluation expertise.  

Life insurance is a ‘buy-and-manage’ financial asset typically purchased for a 10 to 50-year duration period.  Life insurance carriers and their contracted sales agents provide the ‘buy’ function but the ‘manage’ function is missing unless the policy owner or trustee delegates this function to a qualified third-party provider.  The TOLI Center East platform provides the missing annual policy administration, performance monitoring and risk management services necessary to safeguard the interests of the policy owner.

There is a lapsing life insurance policy crisis due to inattention.  Life insurance, no different from fixed income and equity investments, requires attentive performance monitoring.  While policy management should be considered at the time of policy purchase, credible evaluation can be implemented at any time to avoid lapse and protect the policy’s death benefit liquidity purpose.     

The TOLI Center East specializes with TOLI.  Most unskilled amateur ILIT trustees serve as an accommodation to the grantor.  They are unaware of their fiduciary duties and lack both life insurance product expertise and credible policy evaluation capabilities.  Hence, The TOLI Center East is engaged by the trustee and can communicate with the grantor’s legal and tax advisors to assure the TOLI policy (ies) are managed to maximize the probability of a favorable outcome to the trust estate. 


FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Ratings and Review


144 Ratings



Very Good








Marquita Berry
Marquita Berry, EA

Sep 26th, 2022

My CPE has a great variety of continuing education topics to choose from at a time that is convenient to you.


Mary Ellen Morris, CPA (US)

Apr 21st, 2022

One of the best presentations I have ever attended


Jaw-hwa Josie Wen, CPA (CA)

Aug 19th, 2022

Great presentation from instructor. Thanks.


Adam, CPA (US)

Aug 19th, 2022

Class was great. Very informative


Alan Burrows, CPA (US)

Sep 26th, 2022

Very informative!

What the advisor should know about the living benefits of a life insurance policy


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