Description
This session does a deep dive on current uses of life insurance in retirement planning, including as a retirement income tool, a risk minimization strategy for retired couples, an offsetting strategy with income annuities and as a tax efficient legacy technique for families with excess qualified plan balances. This session also considers how life insurance fits with recent and prospective changes to tax law as well as the SECURE Acts.
Introduction, including the state of life insurance in overall retirement income planning (Steve - 10 minutes)
Themes for life insurance in retirement planning
Balancing retirement income and legacy needs with life insurance (Peter & Andrew - 10 minutes)
Adding income annuities into the retirement planning mix (Peter and Andrew - 10 minutes)
3.) Tax issues, including 7702, as a tax deferral strategy, and as an IRA Alternative (Steve, Peter & Andrew - 10 minutes )
4.) New issues and opportunities with products (WL, IUL, PPLI): (Steve - 5 minutes)
5.) Discussion of integrating life insurance and annuities into the overall retirement portfolio (Peter, Andrew and Steve - 5 minutes)
6.) Questions - 10 minutes
Learning Objectives
1.) Discuss how life insurance has become a key planning tool for retirement planning, including retirement income and legacy issues.
2.) Review that new pricing and distribution of policies that is occurring because of statutory and regulatory changes - a balanced assessment of the current status of life insurance.
3.) Present specific examples of life insurance uses in retirement planning for individuals and couples.
4.) Discuss how life insurance fits into the overall retirement portfolio