- The Life Insurance Settlement Center for Education will be offering a complimentary CFP Continuing Education class on October 11 at The Peabody in Orlando, FL. Attendees are eligible for up to two hours of continuing education credits which have been accepted by the CFP board.
The Life Insurance Settlement Center for Education today announced that it will be offering a complimentary CFP® Continuing Education class on October 11 at The Peabody in Orlando, FL. Attendees will be eligible for up to two hours of continuing education credits.
This initiative from the Life Insurance Settlement Association (“LISA”), is designed to educate insurance and financial professionals about life settlements. A study conducted by the Insurance Studies Institute revealed that 49% of financial advisors lack knowledge about life settlements and therefore they do not recommend life settlements to their clients. The study also found that 90% of seniors who lapsed a life insurance policy would have considered a life settlement had they been aware of the possibility.
The number of people in the United States aged 65 and older is projected to double by the year 2030, to nearly 71 million people (roughly 20% of the U.S. population). This equates to over 10,000 seniors a day with retirement, long-term care and other financial needs. Many will seek advice from a trusted financial advisor.
A life insurance policy plays a vital role in seniors’ estate planning and retirement needs. After years of premium payments, many seniors often experience unexpected changes that alter their priorities regarding life insurance. When changing priorities or dissatisfaction with a life insurance policy occurs, advisors should themselves understand all options, including a life settlement, and be able to assist their clients with making the right decision about what to do with their unaffordable or unwanted life insurance policy.
Recently, Texas Governor Rick Perry signed a groundbreaking law that requires Medicaid applicants to be informed about the option to sell their life insurance policies through a life settlement – instead of lapsing or surrendering the policy– and applying the proceeds to fund direct long-term care services while preserving their Medicaid eligibility. This new law will permit some seniors from ever having to go onto Medicaid, and in other cases will delay that occurrence for months and even years. At least 11 other states are actively considering similar legislation.
The Life Insurance Settlement Center for Education’s goal is to make it easy for advisors to learn more about Life Settlements so that they can, in turn, educate their clients about all of the options available to them when faced with terminating a life policy. The upcoming CFP class will begin the Center’s efforts to achieve this goal.
Please register for this complimentary in person class, exclusive to Certified Financial Planners, to be held on October 11 at The Peabody in Orlando, Florida.
The Agenda is as follow:
October 11 – The Peabody, Orlando
11:00 – 12:00 Noon – Life Insurance Settlement 101
(1 credit hour has been accepted by CFP Board)
Instructed by Peter N. Katz, J.D., CLU, ChFC, Life Insurance Settlements Inc.
12:00 Noon – 1:00 PM – Complimentary Lunch
1:00 PM – 2:00 PM – Long-Term Care and Life Settlements Together – Inside the Numbers by
(1 credit hour pending review by the CFP Board)
Instructed by Michael Freedman, Senior Vice President, Government Affairs, Coventry
and Philip Johnston, President and CEO, Johnston Associates, LLC
Certified Financial Planners interested in registering for this complimentary continuing education course can register by clicking here or by contacting the Life Insurance Settlement Association at (407) 894.3797.
Certified Financial Planners interested in attending the entire 19th Annual Fall and Compliance Life Settlement Conference also hosted the Life Insurance Settlement Association at the Peabody on Oct 9-11 may be eligible to attend for as low as $500. Contact us for details.
The Life Insurance Settlement Center for Education is a Certified Financial Planner Board of Standards, Inc (“CFP board”) Registered Continuing Education Sponsor. Two Credit hours have been accepted by the CFP board.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNERTM and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
Established in 1994, the Life Insurance Settlement Association is the oldest and largest trade organization in the life settlement market. Its goal is to advance the highest standards of conduct for market participants and to promote education and awareness to consumers, investors, and public officials. LISA represents more than 80 member firms including 2,500 professionals from life settlement brokers, life settlement providers, institutional investors, life settlement servicers, and other service providers
CE SPONSOR: Life Insurance Settlement Center for Education CE SPONSOR ID NUMBER: 1982