The construction of a proposed life insurance solution in a personal financial plan is complex on several levels; so, as a personal financial planner, you must possess a broad range of knowledge of the various insurance solutions available to have a reasoned dialogue with your clients.
Three types of life insurance contracts will be covered in this CPE course: term life insurance, permanent life insurance, and group life insurance (group life insurance will also be covered in another course, “Group Life Insurance and Employee Benefits”). A variety of issues and features pertaining to life insurance contracts are discussed in this course, including the following:
Choosing the optimal design of a policy
Funding and withdrawals features
Finally, several taxation and tax planning topics will be addressed in this course, including tax planning with life insurance, income taxation of life insurance, taxation at surrender of a contract, taxation of the death proceeds from a life insurance contract and life settlements, transfer of value rules, Section 1035 exchanges, and integrating life insurance with the overall financial plan.
CPAs and financial planners with basic knowledge of, and interest in, personal financial planning.