The Value of Permanent Life Insurance in Wealth Management

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Does permanent life insurance have a role in professional wealth management? In this conversation, we discuss the basic features of a permanent life insurance policy that affect pricing and value over time. We discuss the elements of a policy, how to evaluate product structures, tradeoffs of investment types within an insurance wrapper, the unique value of an insurer’s general account portfolio, what to do with a mature policy as a fiduciary, expenses, mortality pools, and the tax deferral benefits offered by the product structure. While permanent life insurance is often a polarizing financial product, in reality life insurance is simply a product design with a unique set of tax advantages that can be a valuable tool for higher-income, high-net-worth clients.

​Learning Objectives

Upon successful completion of this course, you will confidently be able to:​

• Understand the structure and pricing of permanent insurance policies.
• Evaluate tax-efficient investing strategies within permanent life insurance policies.
• Recognize how to incorporate a life insurance policy into a wealth management strategy that incorporates asset location.

Presenters

Michael Finke, PhD, CFP^®

Rajiv Rebello

Bonus Content

CFP^® CE Credit

This content is eligible for one hour of CFP^® continuing education (CE) credit.

If you hold the CFP^® mark and would like to receive CFP Board CE credit for this content, please ensure your CFP^® ID number is entered here.

The College’s Professional Recertification Program (PRP)

This content is eligible for one hour of PRP continuing education credit.

To begin, click on the button below. As you move through the content, make sure to mark each page complete by clicking on the appropriate button, and then click Next Lesson at the bottom of each page. Once you complete the entire activity, the progress bar will show 100%.

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