Describes key planning considerations for life insurance, including amount, type and length of policy, funding levels, and policy features. Walks through the process for conducting a life insurance financial gap analysis to determine the amount of life insurance needed to meet client needs. Explains life insurance tax considerations, including tax deferral, tax basis, and investment amount limitations.
What You’ll Learn:
- Identify key planning considerations for life insurance
- Analyze a client’s life insurance needs and identify gaps in existing coverage
- Describe life insurance tax considerations