Description
Properly advise your clients with an understanding of the life insurance industry and federal legislation.Every year over 200 billion of life insurance policies lapse or get surrendered that could have been sold, which puts insureds in a bad financial position. Many fiduciaries to those families had no idea they could have helped their clients sell the policy instead of taking pennies on the dollar from the insurance carriers. This lack of understanding about life insurance resale value leaves both families and fiduciaries in a terrible situation that could have been avoided with education. This course will help the persons responsible for guiding fiduciary decisions for a family make the best decision on what consumers with a life insurance policy should do with that asset to leave them in the best financial position possible. By understanding the regulatory landscape, financial analysis, tax implications, and best underwriting practices, financial planners can set their clients up for success and preserve wealth.
Date: 2022-07-18 Start Time: End Time:
Learning Objectives
Life Settlement Overview
• What Is a Life Settlement and Why Is It an Important Financial Planning Tool?
• The History of Life Settlements
• Legal and Regulatory Framework of Settlements, an Evolution
Life Settlement Basics
• Are Life Settlements Ethical?
• Providers vs. Brokers – How to Navigate the Buyer Options
• What Consumers Are Eligible for a Life Settlement?
Tax Implications and Fair Market Pricing
• How Is a Life Settlement Priced?
• How to Determine Fair Market Value for a Life Settlement?
• Life Settlement Taxation
The Life Settlement Process and Industry Drivers
• The Life Settlement Process
• How Life Expectancy Plays a Role in Value
• Competing Interests in the Transaction: Insurance Companies vs. Brokers vs. Providers vs. Funds vs. Consumers
The Future of Life Settlements and American Retirement
• The Rising Cost of Long-Term Care and How Settlements Can Help
• Comparing a Life Settlement Transaction to a Real Estate Transaction
• The Future of Life Settlements and How Technology Can Change the Industry
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Lucas Siegel-HarborLife Settlements
