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 goals of the client. 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 and create new options that can be evaluated to best fit your client’s needs today. Surprising considerations may arise with old policies. Another 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 off 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 structure that fit well over time that adapt to changing circumstances.

Learning Objectives:

• A look at the benefit of using annuities in retirement income strategies from a techical perspective.
• Income annuity considerations from a product and implementation perspective - what you need to know.
• Integration of retirement income strategies from a financial planning perspective working with client examples.
• Impact of different life insurance structure over time.