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PFP1917 - New Life Settlement and Policy Valuation Best Practices Impacting Planners

Jun 10, 2019 3:50pm ‐ Jun 10, 2019 5:05pm

Standard: $49.00


Provisions in the Tax Cut and Jobs Act, compounded by a sustained period of low crediting rates, have thrust life insurance into the life settlement spotlight. Tax practitioners and other planners/advisors, that normally keep some life insurance issues at arm’s length, can now expect an increase in questions from their clients about life settlements. Here’s the good news: You don’t have to be a life insurance expert or hold a life insurance license in order to discuss life settlements with your clients.

  1. IDENTIFY their clients in financial transition who may benefit from a life settlement.
  2. INFORM their senior clients about the benefits of getting their life insurance policy appraised, using new SMV valuation methodology, prior to lapse, surrender, or transfer of their policy.
  3. INCORPORATE life settlement best practices into their processes so that client best interests will be protected and potential liability/reputational risk for discussing life settlements will be mitigated.


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