Course Description
In 2018, the Internal Revenue Code Sections 164, 165, 201, 1031, 1035, 2503, 7702(b), and 101(g) – and how they tie into insurance planning – are more important than ever before. This session will provide advisors with innovative Insurance Planning strategies to make a meaningful difference in their clients’ risk management plans. This presentation will cover four different areas.
(1) Harvesting a negative cost basis from Variable UL contracts and the steps one needs to take to be able to take an ordinary income deduction,
(2) Creating exit strategies in DI & Guaranteed UL plans that “GUARANTEE 100% REFUND” to clients if the insurance is not used,
(3) Leveraging into Premium Financed Life Insurance Plans via IRC 2503(b) to provide estate liquidity without eating into their lifetime exemptions,
(4) Understanding Sections 7702(b) & 101(g) and how those affect LTC & Life combo insurance contracts, and what a client is “actually covered” for with a combo contract.
Learning Objectives
Advisors will learn how to advise clients properly on Life Insurance contracts with a loss.
Advisors will learn how to implement the most current strategies to use Life Insurance in Estate Planning.
Primary Principle Knowledge Topic: Risk Management and Insurance Planning
Level of Complexity: Intermediate
Instructor: Lee Conti Jr.
NEXT DATE
TBD
Location
Online