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90-minute live streaming program
  • January 30
  • 1:00 - 2:30 pm EST

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OnDemand Webinar

Understanding Modern Life Insurance Policies and Their Multitude of Personal and Business Uses

January 30

Understand modern life insurance policies to better assist and advise your clients.

Professional advisors and business owners and officers often find themselves in the position of commenting or deciding upon, or even recommending, life insurance solutions presented to them or to their clients, or of providing advice as to how life insurance can be used most effectively in meeting personal and business needs and accomplishing personal and business goals and objectives. Unfortunately, most advisors and business people are not familiar enough either with the intricacies of modern life insurance policies, or of their multitude of effective uses, to be in a position to give the best advice, or make the best informed decisions, in these situations. This topic will explore in detail the large variety of life insurance policies available in today’s marketplace and will explain the special, unique characteristics of each type of policy. It will also present in detail the many uses of modern life insurance policies in both personal and business planning. While this information will not make you into life insurance experts, it should equip you to be more knowledgeable, and therefore more effective, in making critically important evaluations, recommendations, and decisions regarding life insurance.

Learning Objectives

  • You will be able to identify personal uses of life insurance, including in the context of the A-B-C-Ds of estate planning.
  • You will be able to explain the many business uses of life insurance.
  • You will be able to describe how to avoid adverse tax consequences.
  • You will be able to discuss life settlements of inforce policies.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The A-B-C-Ds of Estate Planning
  • A = Accumulate an Estate
  • B = Benefit From Your Accumulated Assets
  • C = Conserve Property, During Lifetime and at Death
  • D = Distribute Your Estate
First, What Really Is Life Insurance? (It's Complicated)
  • A Means to an End, Not Itself an End
  • A Financial Tool for Accomplishing Objectives
  • Like Money in a Wall Safe - Buys Peace of Mind
Life Insurance Is Also Complex, With Many Types of Policies
  • Term Insurance, Increasing and Level Premium
  • Permanent Insurance, Both Single Life and 2nd-to-Die
Personal Uses of Life Insurance in the Context of the A-B-C-Ds of Estate Planning
  • A = Accumulating Estate Assets
  • B = Benefiting From One's Accumulated Assets
  • C = Conserving Property for Self and Family
  • D = Distributing the Estate to Heirs and Beneficiaries
Business Uses of Life Insurance
  • Key-Person Life Insurance
  • Funding Non-Tax-Qualified Retirement Plans
  • Executive Benefit Life Insurance Plans
  • Buy/Sell Agreements
Life Settlements of Inforce Policies
  • The Basics
  • Pros and Cons
  • Tax Considerations
Reviews of Inforce Policies
  • Periodic Policy Audits Are Essential
  • This Practitioner Has a Powerful Program
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on February 27, 2014.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • CFP 1.5
     
  • The Certified Financial Planner Board of Standards, Inc. has granted 1.5 hours of continuing education credit. Level of Knowledge: Intermediate.
     
  • AL CLE 1.5
     
  • This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.5 hours credit.
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, Inc. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • MT CLE 1.5
     
  • This program has been approved by the Montana Commission of Continuing Legal Education for a total of 1.5 CLE credits.
     
  • NH MCLE 1.5
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
     
  • NJ CLE 1.8
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.5
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
  • TN CLE 1.5
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.5 hours of credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of Law & Legal Procedure credit.
     
  • WI CLE 1.5
     
  • This program has been approved by the Board of Bar Examiners for 1.5 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.8
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
     
  • CPE 1.8 including Specialized Knowledge 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Who should attend?

This live webinar is designed for estate planners, accountants, presidents, vice presidents, CFOs, controllers, business owners and managers, tax managers, financial planners, lenders and attorneys.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Robert E. Burton, LLB, CLU, ChFC, AEP

Robert E. Burton, LLB, CLU, ChFC, AEP

Burton Insurance Services

  • As senior advanced planning consultant for NY Life, spearheaded their Advanced Planning Program and pioneered that program in the field for company agents and personnel
  • As vice president of Management Compensation Group/SF, created executive benefit programs for many of the San Francisco Bay Area’s largest companies, both private and public
  • Faculty member at CLU symposiums and nine CLU institutes
  • Speech on “Estate Planning with Life Insurance” at Practicing Law Institute’s 37th Annual Estate Planning Institute in San Francisco was recognized as one of the best presentations
  • Lectured on nontax-qualified deferred compensation at University of Missouri at Kansas City Law School’s 12th Annual Federal Estate Planning Symposium
  • Has lectured on life insurance and estate planning at many estate planning councils around the country
  • Among several published articles, 1997 article on failing policies published in Trusts & Estates magazine won their epic award as “Best Article of the Year”
  • Very active in community affairs: former mayor of Mill Valley; recently recognized for 50 consecutive years of public service; received a 2019 Milley Award for contributions to the arts
  • Member of three local estate planning councils and past president of San Francisco Council
  • Past board member, National Association of Estate Planners and Councils
  • Past president of local SFSP Chapter
  • B.S. degree in economics, Yale University; J.D. degree, Columbia University Law School
  • Can be contacted at 415-518-7388 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 407239
Published 2014, 2020
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