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AICPA & CIMA ENGAGE 2021


PFP2115 - PFP2115. Insurance Best Practice RAPID FIRE: If Only I Knew!


Jul 27, 2021 8:00am ‐ Jul 27, 2021 9:15am

Standard: $49.00

Description

How many times have we said, “If only I knew, I would have planned better?” Insurance is often thought of as an “expensive” way to transfer risk…until a disaster event occurs! Wouldn’t it be great to share a “best practice checklist” with your clients to identify the risks they should consider transferring at each major stage in life? For example, shouldn’t every 30-something first parent buy some term insurance? And how about an umbrella policy to protect the family fortune from the teen driver? What about the client who is facing staggering bills to keep mom who has dementia in quality care? Our expert panel will share in rapid-fire their best tips in the area of life, long-term care, property, and casualty that are immediately actionable for your clients. Remember, financial planning includes risk management so even if you are not an insurance expert you need to point out the “holes” in the plan and guide your client to take action!

Learning Objectives:
  • Identify ways to help your clients transfer risk at each stage of their lives.
  • Assemble a risk management/ insurance checklist in your planning package.
  • Recognize how to most cost effectively transfer risks.

Speaker(s):

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