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What the CPA needs to know about best-in-class strategies used to pay for long-term care costs

  • Accountant
  • CPA/ABV
  • CGFM
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • CPA/PFS
  • ChFC
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CBA/MCBA
  • FPAC
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

Unexpected, unreimbursed long-term care expenses, be they for cognitive or physical impairments, can have catastrophic effects on a client's personal life, as well as the lifestyle of their spouse and family. Arrangements that clients make, or don't make, while they are younger and healthy will determine the quality of their & their families, lives going forward.

While no one wants to think about or plan for these types of unfortunate situations, the fact remains that a growing percentage of our population is affected by some sort of impairment. Approximately 10 million Americans have some form of dementia, while another 2 million new cases are reported annually.

A long-term care insurance contract is one of the best ways to provide a client the peace of mind that is so important, as well as protect an individual’s independence, dignity, and retirement lifestyle for them or their spouse. A family is better off caring about their loved ones, rather than caring for their loved ones.

In this CPE Finance Webinar, Henry Montag, an independent CFP, CLTC, with 35+ years’ experience will discuss what you and your clients need to know about Traditional & the new Combo/Linked insurance plans that combine life insurance, long-term care coverage & provide various tax benefits for the owner. We’ll also cover the various tax benefits available to individuals as well as corporations, & partnerships.

Here is the link to your interests: Courses for Chartered Financial Consultant(ChFC)

Learning Objectives

  • To discuss the concept of life insurance as an asset class.
  • To inspect the other little-known living benefits of a life insurance policy.
  • To explain about the traditional & the new Combo/Linked insurance plans.
  • To explore the tax benefits available to individuals as well as corporations, & partnerships.

Recommended For

  • This Online CPE Webinar is recommended for CPA, CFA, CIPM, CVA, CBA/MCBA, ChFCA, CASL, ChSNC, CFP, RICP, WMCP, FSCP, PFS, TEP, CSA, and other finance professionals who want to learn about the best-in-class strategies used to pay for long-term care costs.

Who Should Attend?

  • Certificate in Investment Performance Management
  • 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
  • Personal Financial Specialist (PFS)
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Finance for Accredited in Business Valuation (ABV)
  • 0 CPE Credit of Finance for Certified Government Financial Manager (CGFM)
  • 1 CPE Credit for Certified Management Accountants (CMA)
  • 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 1 CPE Credit of Finance for Certified Valuation Analyst (CVA)
  • 1 PL Credit of Finance for Chartered Financial Analyst (CFA)
  • 1 CPE Credit of Long-Term Care for Chartered Financial Consultant (ChFC)
  • 1 CPE Credit of Long-Term Care for Financial Services Certified Professional (FSCP)
  • 1 CPE Credit of Long-Term Care for Chartered Advisor in Senior Living (CASL)
  • 1 CPE Credit of Long-Term Care for Chartered Special Needs Consultant (ChSNC)
  • 1 CPE Credit of Long-Term Care for Retirement Income Certified Professional (RICP)
  • 1 CPE Credit of Long-Term Care 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 CRE Credit of General finance principles and financial concepts for Certified Corporate FP&A Professional (FPAC)
  • 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)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

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: www.NASBARegistry.org.

Presenter

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 ✉ henry@thetolicentereast.com or ☎ 516-695-4662. Visit 🌎 www.thetolicentereast.com

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. 

Faq

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.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • 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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What the CPA needs to know about best-in-class strategies used to pay for long-term care costs

FREE

1 Credit

Subject Area

Finance

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