Show navigation

Available in:

MP3 Download
OnDemand Course

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

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.

Runtime: 87 minutes
Purchase Options

More Program Information

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
Purchase Options

More Program Information

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

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

OnDemand Course

This course was last revised on January 30, 2020.

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

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

Purchase Options

More Program Information

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]
Purchase Options

More Program Information

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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 407239
Published 2020
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!