Personal Life Insurance Planning ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
Personal Life Insurance Planning examines the type of client data needed to determine minimum life insurance coverage requirements. It identifies the various lump-sum cash needs at the death of a breadwinner and provides guidelines to enable advisers to recommend life insurance in amounts that fully protect clients. Also covered are typical surviving family income needs; how to calculate adequate survivor income and appropriate life insurance needs; Social Security survivor benefits; and benefits for children, parents, and widows and widowers.
Highlights
Introduction to Human Life Value and Needs Analysis. Gathering Client Information for Needs Analysis. Identifying and Calculating Lump-Sum Financial Needs at Death. Social Security Survivor Benefits. Identifying Income Needs at Death. Calculating Survivor Income Needs at Death.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, leaders and managers.
Objectives
Describe how the human life value method approximates individual and family life insurance requirements. Identify the types of customer information needed to determine appropriate life insurance needs. Explain why information concerning a customer’s financial situation, objectives, and risk tolerance is necessary to the personal life insurance planning process. Identify the principal lump-sum family financial needs following a breadwinner’s death. List the immediate cash needs generally experienced by surviving members of a deceased breadwinner’s family. Describe the principal estate administration costs. List the primary uses of an emergency fund for surviving family members, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Paul Winn, Western CPE
Paul Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.
Non-Member Price $67.00
Member Price $58.00