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Life insurance is a unique product. While many use it to protect their loved ones, it may also be used to donate money to charity, transfer a business interest, or pay off debts. Life insurance is one of the most useful financial products a client can own. However, the amount of life insurance a client needs can change over time and vary drastically depending on how it is being used. We often need to recalculate life insurance needs multiple times throughout a client’s lifetime.
In this course, we will explore some basic planning techniques involving life insurance, as well as approaches to calculating the actual life insurance need. Using real-life examples and discussions, we will compare the advantages and disadvantages of each approach. We will also discuss when an ILIT may come in handy, how life insurance can supplement retirement benefits, and its tax implications for both employers and employees.
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Who should attend?
CPAs, financial advisors, and insurance agents who are looking to improve their knowledge of how life insurance may be used to satisfy a variety of client needs.
