PFP2427. Best Practices and Ideas on Risk Management Topics
When it comes to insurance strategies, there are layers of opportunity to improve your client’s lives. The integration of various insurance strategies into a financial plan are key to determining outcomes that achieve the client’s goals. Through the transition of theory into application, clients begin to develop confidence in retirement income and risk management strategies. This session takes into consideration important technical aspects to consider when applying retirement income strategies, practical analysis for the selection of product solutions, and how theory and product solutions integrate into the financial plan. The discussion will range from the most basic level, where policies that have not been reviewed for years create new options that can be evaluated to best fit your client’s needs today. Surprising considerations may arise with old policies. Another consideration is what to know prior to the integration of an annuity into the retirement planning process. We will also touch upon practical essentials on what is often left out of the planning process for purchasing personal and property casualty insurance. It is essential to view risk management planning within the context of a financial plan and develop solutions and structures that fit well over time and adapt to changing circumstances.
Learning Objectives:
- Identify the benefit of using annuities in retirement income strategies from a technical perspective.
- Determine income annuity considerations from a product and implementation perspective.
- Apply retirement income strategies from a financial planning perspective working with client examples.
- Compare the impact of different life insurance structures over time.
