Come Join Us for a Dual Meeting!
Space is Limited!
Date: Wednesday, April 26, 2017
Time: 5:00 PM - 8:00 PM
3 West Club
3 West 51st Street
New York, NY 10019
Credits: Applying for 2 CFP® CE credits with the CFP Board. You can also earn 2 CPE credits for NY licensed CPAs.
FPANY Member - Free
Non-FPANY Member - $50
NYU Student - Free (Please contact us at firstname.lastname@example.org to register.)
Title: Putting a Value on Your Value
Speaker: FPANY Gold Partner: Jay Tini of Vanguard - Jay Tini is a Sales Executive with Vanguard supporting Registered Investment Advisors in and around New York City.
This presentation will illustrate ways that advisors can add value to the average client experience. Jay will go into detail breaking down portfolio construction (asset allocation, cost effective implementation,asset location) , wealth management (re-balancing and spending strategy) and behavioral coaching (advisor guidance).
** Client and Planner Attitudes, Values, Biases and Behavioral Characteristics and the Impact on Financial Planning. ** Portfolio Development and Analysis
Level of Complexity: Intermediate
Title: Using Life Insurance to Pay for Senior and Long Term Care
Speaker: FPANY Gold Partner: Don Poole, Co-Founder, Chief Sales & Marketing Officer - Life Care Funding, LLC - Click here for Bio.
This course will explain how to turn an existing life insurance policy into a dedicated Long Term Care Benefit Account that pays directly for Senior Care and Housing. Using this approach, proceeds from the sale of the policy in a Life Settlement transaction are deposited into an FDIC Insured, Irrevocable Benefit Account in the client’s name that pays directly to the care provider of their choice. Any funds remaining in the account at the time of the insured’s passing goes to a named beneficiary. This transaction is designed specifically to help address a client’s immediate need to pay for some form of Senior Care, including Home Care, Assisted Living, Skilled Nursing, Hospice and related expenses. In addition, in most cases the proceeds from turning a life insurance policy insuring the life of a chronically or terminally ill individual into a Long Term Care Benefit Account to pay for care will not be subject to U.S. federal income tax. It is also a Medicaid qualified spend down in most cases. Too often, the value of an existing life insurance policy is overlooked in the Senior and Long Term Care planning process. By realizing that value, this approach is specifically designed to address the financial challenges posed by a chronic illness.
** Long Term Care Insurance -Learn about a new and innovative value added solution for clients to address the financial challenges of a chronic, long-term illness ** Get an overview of the senior care market, the types of care available and their relative costs ** Gain a better understanding of the Life Settlement market and its regulatory and compliance structure ** Examine how life insurance policies are priced on the secondary market and the relationship between life expectancy, premium costs and policy valuations ** Understand the Tax and Estate consequences of using a life insurance policy to pay for Senior and Long Term Care ** Learn how using a life insurance policy to pay for LTC is a qualified Medicaid spend down in most cases ** Be able to confidently offer this important Senior Care funding solution to clients and their families ** Add an important new revenue stream to your business while helping clients achieve their goals
Level of Complexity: Intermediate