A Financial Planners Guide to a Life Insurance Check-up
Cost: Members $25, Guests $50
Speaker: Lee Slavutin
Topic: A Financial Planners Guide to a Life Insurance Check-up
About the talk: Life insurance is one of the most neglected assets that clients own. All too often, an insured individual purchases a policy and then stows it away somewhere in his or her files, where it sits collecting dust. The problem with such treatment is that insurance policies can change quite dramatically over an individual’s life. Regular monitoring of an insurance policy can help reduce costs, ensure appropriate coverage, avoid thousands of dollars in taxes, and guarantee that policy proceeds go to the correct beneficiaries.
Financial advisors have a great opportunity to forge an active, ongoing relationship with their clients by offering them a Life Insurance Checkup. The Life Insurance Checkup is the best way to obtain a comprehensive overview of a client’s current situation. This process answers the following four questions:
- What insurances are already in place?
- What are a client’s insurance needs?
- Do any strategic changes need to be made to current policies?
- Are there policies with outdated or incorrect information, inadequate premiums, negative tax consequences, or forgotten benefits?
Speaker bio: Lee J. Slavutin is a principal in Stern Slavutin 2, Inc., a life insurance and estate planning firm in New York. He graduated from Monash University Medical School in Melbourne, Australia in 1974 and became a Fellow of the Royal College of Pathologists of Australia and a Diplomat of the American Board of Pathology in 1981. Dr. Slavutin left the practice of medicine in 1982 and entered the life insurance business in 1983. He is a member of the Association of Advanced Life Underwriting and the Million Dollar Round Table and is a Chartered Life Underwriter with the American College. Dr. Slavutin has published 170 articles on insurance and estate planning topics for CCH, Warren Gorham and Lamont, Practitioners Publishing Company (PPC), New York Law Journal and others. He is a member of the CCH Estate and Financial Planning Advisory Board, and the Advisory Panels of PPC and Bottom Line Personal. He is the Author of “PPC’s Guide to Life Insurance Strategies”, 16th edition (2014), published by Thomson Reuters. Dr. Slavutin has spoken before the American Law Institute/American Bar Association, the New York County Lawyers’ Association, the American Institute of Certified Public Accountants (CPAs), the New Jersey State Society of CPAs, the Association of Advanced Life Underwriting, the Million Dollar Round Table, and the UJA-Federation Annual Tax and Estate Planning Conference, as well as many New York accounting and law firms. He was invited to testify before the New York State Senate on the effectiveness of the insurance rating firms and worked with the U.S. General Accounting Office on a similar project. He is married to Dee and they have two children, Aaron and Lydia.
CPE Credit
For information regarding program complaint or cancellation policies, please contact our offices at 314-520-3564
Members will register by accepting the electronic invitation. If you are unable to attend please decline the electronic invitation.
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Learning Objectives:
Upon completion of this course, you should be able to initiate an engagement with a client to review his/her life insurance policies and identify any potential areas for correct ion or improvement in policy ownership, beneficiary designation, product suitability and pricing.
Deliver Method: Group-live setting
Earn 1 CPE credit for this session
Field of Study: Specialize knowledge and applications
Program Level: Intermediate
Who should attend? Accountants, lawyers, financial planners, and insurance agents.
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CFP requirements
Learning Objective: ALL Ce programs must contain a minimum of one learning object, which is specific, measureable statement of what participants will learn in the program. Learning objectives must be realistic, considering the level of complexity and program outline.
Financial advisors have a great opportunity to forge an active, ongoing relationship with their clients by offering them a Life Insurance Checkup. The Life Insurance Checkup is the best way to obtain a comprehensive overview of a client’s current situation. This process answers the following four questions:
- What insurances are already in place?
- What are a client’s insurance needs?
- Do any strategic changes need to be made to current policies?
- Are there policies with outdated or incorrect information, inadequate premiums, negative tax consequences, or forgotten benefits?
