What to Do With That Unwanted Life Insurance Policy (OnDemand Webinar)

$149.00

SKU: 409310EAU

Description

Learn the process needed to determine the best use of an existing unwanted life insurance policy.
As financial planning practitioners, our clients will seek our guidance on old whole life insurance policies. They either don’t think they need to keep the policy for pure insurance purposes, can no longer afford it, or don’t see the benefit of continuing to pay premiums. After we first analyze their situation to determine whether they truly don’t need the insurance, we must recommend a solution for the old policy that works best for their given situation. This topic will detail many of the most common and successful strategies that practitioners can use to help their clients deal with unwanted life insurance policies and go over the specific planning details for each of those strategies.

Date: 2021-12-16 Start Time: End Time:

Learning Objectives

What Is Life Insurance for?
• Unwanted vs. Unneeded
• Keeping the Policy

Simple Options for Letting the Policy Go
• Surrender for the Net Cash Value
• Allow the Policy to Lapse
• Modify • Change Death Benefit/Premiums

More Complex Options
• 1035 Exchange
• Selling the Policy
• Seek Help With Premium Payments
• Donate the Policy to Charity

Closing
• Recap and Recommendations for Next Steps

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.

DJ Hunt, CFP®-Moisand Fitzgerald Tamayo, LLC