Skip to main content

Life Insurance in Business Planning

Topic

Risk Management and Insurance Planning

Program ID

305622

Hours

21

Format

Self-Study / Other

Complexity

Advanced

Description

The self-study course is designed to cover business uses of life insurance for insurance professionals. Life insurance has traditionally been pigeon-holed into a personal role – one designed to set up families for the hard times that come after a loved one’s death. Very rarely is life insurance seen as a tool to help fulfill the goals of a small business owner and ensure the success of their business after their death. It covers the taxes that arise after the death of an estate owner and a business owner and teaches them how to reduce the amount they owe, which can help family members keep the family business running successfully in honor of the deceased. This self-study course covers basic estate planning concepts and how they can be applied to small businesses, small business owners, and the employees that have come to love the business as their own. It covers different estate planning tools that can be used for small businesses, as well as succession tools that have been designed to help small business owners succeed, even posthumously.

Learning Objectives

I. Estate Planning Basics II. Estate Planning Strategies III. The Estate Planning Process IV. The Basics of Life Insurance V. Life Insurance Planning for Business Owners and Professionals VI. Fundamentals of Insurance Planning VII. Insurance in Financial Planning VIII. Insurance Taxation IX. Estate Plan Taxation X. Taxation of Life Insurance XI. Life Insurance in Succession Planning XII. Business Uses for Insurance Policies XIII. Insurance for Businesses XIV. Estate Liquidity Insurance XV. Trusts XVI. Life Insurance in Estate Planning Case Studies