How A Joint Life Policy May Be a Better Option for Retirement

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John Smith

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How A Joint Life Policy May Be a Better Option for Retirement

Reviewed

January, 2024

Drew Stevens

Learning Objectives

To explain the variety of insurance available for most individuals and businesses.
To discuss 7 Rumors and Myths of Insurance and How to Debunk Them.
To analyze why insurance is an asset similar to stocks and bonds.
To explain why insurance should be used for family businesses.

Course Description

This course is valid up to December 31st, 2024 for CFP Professionals. It is advisable to complete this course before that to process the credit on time.

Life insurance is a crucial part of any financial plan, but it can be a confusing landscape to navigate. From term policies to whole life and permanent insurance, the options can seem overwhelming.

People acquire life insurance all the time but many do not understand the inner workings. For example, many people know about terms while others understand whole life or permanent insurance. Most individuals who buy life insurance get an individual policy that pays out only if the insured person dies. A couple has another alternative: instead of buying many separate individual policies, they may invest in joint life insurance.

Are you and your spouse considering life insurance policies but feeling overwhelmed by the options?

This CPE Finance Webinar will take a deep dive into the world of joint life insurance policies and explore why this type of policy may serve a better purpose for you and your partner. Don't miss this opportunity to demystify the world of life insurance and take control of your financial future.

Key Topics discussed in this webinar:

8 Essential Planning Pillars
Important Reasons for Life Insurance
Myths About Life Insurance
What is Life Insurance?
Asset Classes
What Counts as An Asset?
Is Life Insurance An Asset?
Life Insurance Types
Business Insurance funded with Life Insurance
When You Buy Life Insurance
Types of Life Insurance Settlements
Benefits of Joint Life Policy
Disadvantages

Overview

Important reasons for life insurance

10 mins
Asset classes

19 mins
Life insurance types

28 mins
Types of life insurance settlements

39 mins
Disadvantages

47 mins

Webinar Qualifies For

1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
1 CE Credit of Retirement Savings and Income Planning for Certified Financial Planner (CFP-US) (Approval No. 321319)
1 CPD Credit of Risk management planning (incl. Life Insurance) for Personal Financial Specialist (PFS)
1 PL Credit of Finance for Chartered Financial Analyst (CFA)
1 CE Credit of Finance for Chartered Financial Consultant (ChFC)
1 CE Credit of Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA)
1 CPD Credit for Trust and Estate Practitioners (TEP)
1 CE Credit of Financial Planning for Certified Wealth Strategist (CWS)
1 CE Credit of Retirement Planning for Retirement Income Certified Professional (RICP)
1 CE Credit of Financial Planning for Certified Fiduciary and Investment Risk Specialist (CFIRS)
1 CE Credit of Retirement Planning for Financial Services Certified Professional (FSCP)
1 CE Credit of Retirement Planning for Wealth Management Certified Professional (WMCP)
1 CE Credit of Retirement Planning for Chartered Advisor in Senior Living (CASL)
1 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
1 PL Credit of Finance for CIPM
1 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
1 CE Credit of Retirement Planning for Chartered Special Needs Consultant (ChSNC)
1 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Drew Stevens

CEO and Leadership Change Expert, Stevens Performance

Dr. Drew Stevens founder of Wisdom to Wealth, works with individuals that grapple with finances and transforms them into wealthy professionals with the liquidity and lifestyle they desire to live with profound longevity to create a legacy. He specializes in coordinating Social Security and retirement income benefits. Drew holds the industry's most prestigious designation: NSSA© - National Social Security Advisor.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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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.

Ratings and Review

4.2

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Julian Conner, IA LPA

Great class. Great instructor. Very important information about life insurance.

Markus Henain, CPA (US)

very good and informative webinar. fantastic

Morris Wilder, CPA (US), CPA/PFS, QB Pro Advisor

The course was very informative

John Mcgovern, CPA (US)

Great presentation...

Shelby Heinrich, CPP, CPA (US)

The presentation related to all aspects of when or why a person would utilize life insurance. Feel like the title should not include reference to "in retirement". The majority of the presentation did not relate to retirement strategy.