Case Design Certificate - Module 7: The Impact of Tax Law on Case Design

Content
2 modules
Rating
Instructor
Finseca Staff
Released
24 Oct 2024

Description

The Case Design Certificate equips case designers with the foundational skills and expertise required to excel in the life insurance sales process. Through this comprehensive program, participants gain knowledge in essential areas such as policy structure, tax law, and product design, while honing their ability to collaborate with financial advisors and carriers to deliver customized insurance solutions. The coursework emphasizes the role of creativity, attention to detail, and strategic thinking in providing optimal client outcomes. The Case Design Certificate is comprised of eleven online learning modules with mastery quizzes for each module.

Module Overview:

Module 7 - The Impact of Tax Law on Case Design
This module of the Nailba Case Design Certificate course work focuses on the critical role of tax law in shaping effective case design strategies for life insurance products. It explores how tax regulations, such as IRC 7702, dictate product structures and create opportunities for tax advantages, emphasizing the importance for case designers to stay informed about ongoing changes in tax legislation. The module also highlights strategies for optimizing case designs to ensure compliance and favorable treatment under tax laws while addressing the implications of both lifetime gifts and estate planning.

Learning Objectives

  • Understand the impact of tax law, specifically IRC 7702, on life insurance product design and the necessity for compliance to retain tax advantages.

  • Identify key tax advantages and implications of various life insurance policy designs, including MEC classifications and cash-rich testing.

  • Explore estate planning strategies and their significance in enhancing tax efficiency for life insurance and related financial products.

 

PROFESSIONAL DEVELOPMENT COMMITTEE

Leah Mahoney,  – EVP - Operations, Diversified Brokerage Services, Inc.

Chair

Haley Chaires,  – Account Executive, Ash Brokerage

Member

Kim Wilcox, – Vice President of Operations, Innovative Underwriters

Member

Rachel Sanfilippo, – Operations Manager - Contracting & Licensing & New Business, Partners Advantage A Gallagher Group

Member

Amanda Singer, – Vice President, Crump

Member

Melinda Marcotte, – Head of Life New Business, MassMutual

Member

 

COURSE CONTRIBUTORS

Tiffany Markarian– Managing Director and Founder

Advantus Marketing, LLC

Jann Varner– AVP, Case Design

Diversified Brokerage Services

William Nalipinski– Regional Sales Consultant

Securian Financial Group

Karen Gilmore-Buxton– Sr. Product Specialist

Lincoln Financial Group

Kieth Gruchacz– Sr. Consultant

Lincoln Financial Group

Phil Jackson– Managing Director, Insurance Marketing

Valmark Financial Group

Ashley Orlinski– AVP Internal Sales

LPL Financial

Amber Castator– Sr. Relationship Case Manager

Ash Brokerage

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Module 7: The Impact of Tax Law on Case Design
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Case Design Certificate - Exam: Tax Law and How it Impacts the Product Designs
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Added 22 days ago, by Annette
This was a tough one - but sure learned a lot!! Took lots of notes. Thank you for excellent courses!!!!!

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