Overview
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How many times do people buy life insurance?
5 mins
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Guaranteed universal life policy
11 mins
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Comparisons of cost must be mad
19 mins
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If there is a problem with policy
27 mins
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Current requirements for life settlement
37 mins
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, CFP, 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 Financial Planner
- 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)