Advisors often inherit client insurance policies that may no longer fit the client’s goals. This session provides a structured, fiduciary process for reviewing policy performance, ownership, and tax implications—and deciding whether to retain, replace, or repurpose them. Join insurance experts Barry Flagg, CFP® and Kevin Kimbrough, CFP® to learn how to conduct policy audits, assess cost-effectiveness, and document recommendations that align with fiduciary duty and client objectives.
Learning Objectives:
Conduct comprehensive policy reviews with a focus on cost, performance, and suitability.
Understand 1035 exchange mechanics and when replacements make financial sense.
Repurpose with LTC benefit added
Explore secondary-market life settlements for legacy or underperforming contracts.
Implement a systematic, repeatable policy-review process with clear documentation.
Communicate findings and recommendations transparently through annual client review letters.
Key Topics:
Policy audit checklist: mortality costs, crediting rates, loan balances.
Life settlement options and ethical considerations.
The “Annual Policy Review Letter” — how to use it to enhance client trust and compliance.
*CE/CPE Eligible: 1.5 CE credit(s) is(are) available to FEN Members with these designations: CFP, CLU, ChFC, RICP, and CDFA.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
