Description
Covers the various life insurance solutions, including term life, permanent life, and group life.
Designed For
- CPAs and financial planners with basic knowledge of, and interest in, personal financial planning.
Objectives
- Recognize the various types of term life insurance.
- Identify the types of permanent life insurance.
- Select a waiver of premium rider based on specific facts and circumstances.
- Distinguish among the various types of life insurance riders.
- Identify the features of a permanent life insurance contract.
- Determine the taxation of distributions from a modified endowment contract.
- Select the appropriate dividend option based on the client's facts and circumstances.
- Calculate the death benefit of a life insurance contract.
- Identify exchanges of insurance contracts that qualify for IRC Section 1035 tax treatment.
- Select an estate planning strategy based on a client's specific facts and circumstances.
Highlights
- Term, credit, permanent, universal
- Key features of life insurance
- Underwriting, design, funding, nonforfeiture, settlement, planning, practical aspects
- Taxation and tax planning with life insurance
- Integrating life insurance with the overall financial plan