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Insurance Contracts and Needs Analysis (On-Demand) 2020


There are several ways to calculate how risk should be addressed in a personal financial plan. Each of the various insurance products has its own unique set of calculations.

In this audiovisual CPE course updated for the Tax Cuts and Jobs Act, Tom Tillery shows you how to illustrate models to your clients, comparing the retention of risk to the transfer of risk using the time value of money. In this regard, the personal financial planner occupies a singular position in the risk management process.

The management of the economic risk of premature death and disability is critical to any personal financial planning engagement. For most clients, this is the greatest risk to their personal financial plan. As their personal financial planner, you are expected to be thoroughly knowledgeable in the life and disability areas.

In this course, you will learn the various legal elements of the insurance policy, as well as other agreements that personal financial planners should have familiarity with, to best educate and serve your clients.

Voiceover PowerPoint, Audio

Learning Objectives
  • Distinguish among the three types of life insurance needs analysis.
  • Determine the amount of emergency reserves required for a personal financial planning client.
  • Calculate an inflation-adjusted return.
  • Distinguish the roles of the insurance company and the potential insured.
  • Identify the principle that underlies most insurance contracts.
  • Determine the appropriate contractual remedy based on facts and circumstances.
Major Topics
  • Insurance needs analysis.
  • Elements of insurance policies.
  • Legal requirement of insurance contracts.
AICPA - Durham
Course Level
CPE Field of Study
Specialized Knowledge
Who Should Attend

CPAs and financial planners with basic knowledge of, and interest in, personal financial planning.

Susan Tillery Tom Tillery


Advanced Preparation


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Insurance Contracts and Needs Analysis (On-Demand) 2020

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