PRACTICAL INSURANCE PLANNING – MODULE 1 (PIP1) CLASSROOM TRAINING TGS-2022601448

Learn intermediate insurance planning techniques that look into family situations and appropriate distribution options to consider.

What will you learn?

KEY CONCEPTS

PLANNING SITUATIONS

DISTRIBUTION OPTIONS

Review insurable interest and ownership concepts, and learn how families can regenerate trust funds for future generations and charitable giving.
Proceeds may be distributed in a lump through estate, nomination or assignment. Use a trust to stagger proceeds and withhold in negative situations.
Various family planning situations are examined to see which distribution option is suitable. Such as planning for blended families, special needs, divorce, forever singles and others.

Course Content

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Introduction

Definition of Estate Planning via Statutory Perspective 2 Topics

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Lesson Content

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Estate planning Body of Knowledge & Skills by Asia Estate Planning association (AEPA)

Effects of death on a person’s balance sheet

Part A - Review of Insurance Concepts

Insurable Interest 11 Topics

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What is Insurable Interest?

Presumed Interest

Basis of Recommendation

Learning Points

Proven Interest

In the HNW & UHNW space, trusts are set up to hold assets.

Trustee can Buy on Settlor’s Life

Trustee can Buy on Beneficiary’s Life

As a professional, we exist Not only to explain a problem, but also to solve a problem.

Dalby v The India and London Life Assurance Co (1854) 15 CB 365

Case Study – divorce planning

Ownership of policies 4 Topics

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Types of Ownership

Policy Ownership

A typical third-party policy

Dealing with third-party policies

PART B - Distribute Options

Lump sum v staggered

Using Estate 7 Topics

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Lesson Content

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How to Pay for Trust Expenses?

Effects of Death on Un-nominated Insurance Policies

What Estate Planning Problems can you detect?

Uncertainty of Amount

Three problems of distributing insurance proceeds via intestacy laws or will

Distribute through will

If not nominated

Using Nomination 8 Topics

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A Brief History of Insurance Nominations

Effects of Death on Revocable Nominated Insurance Policies

S133 Revocable Nomination

Distribution Methods For Planned Giving

Effects of Death on Trust Nominated Insurance Policies

S132 Trust Nomination policies

Some Technical Details

The Trust Nomination Also Has Very Strong Protection For Wife & Children

Using Assignment 6 Topics

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Nomination v Assignment

What is Assignment?

Case Study: Methodology of Wealth Succession

Assignment in a Family Situation

Assignment in a Work Situation

Assignment on a Premium Financed Policy

Using Trust 6 Topics

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Distribution Methods for Legacy Planning

Harry Wants a Trust

Harry Uses a Testamentary Trust

A Standby Trust

Summary of Key features

Example Setup Fees & ongoing fees

Part C - Planning Situation

Case Study 2 Topics

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Lesson Content

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Group discussion: harry just bought a $5m policy. what would you suggest?

Pip1 Course Summary

PRACTICAL INSURANCE PLANNING – MODULE 1 (PIP1) CLASSROOM TRAINING TGS-2022601448

Take this Course

Durations

8 Hours

Lessons

9

Price

$ 1200

Trusted by Employee from Notable Organisations

We are a training provider offering IBF-accredited estate planning courses, sales-enhancing language classes, and financial literacy courses for the young.

PRACTICAL INSURANCE PLANNING – MODULE 1 (PIP1) CLASSROOM TRAINING TGS-2022601448

What will you learn?

KEY CONCEPTS

PLANNING SITUATIONS

DISTRIBUTION OPTIONS

Course Content

Trainers

PRACTICAL INSURANCE PLANNING – MODULE 1 (PIP1) CLASSROOM TRAINING TGS-2022601448

Durations

8 Hours

Lessons

9

Price

$ 1200

Trusted by Employee from Notable Organisations

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Contact

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