Why Insurance is the Center of the Financial Planning Universe

5 Credits: Taxes


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Why Insurance is the Center of the Financial Planning Universe

Course Level
CPE Credits

5 Credits: Taxes

Course Description

In a world where unexplained critical insurance exposures are becoming the norm, this valuable and straightforward course helps you answer questions about insurance risk exposures and how to identify mitigation solutions, and why not having an adequate insurance plan can be devastating for your clients. Join course presenter Jeff Rattiner will walk you through the different types of insurance currently available; how to select the best insurance company; and the intricacies of life insurance, disability insurance, and the taxation of insurance products. This course also delves into how the insurance industry is regulated, the ins and outs of insurance distributions, and the current state of the insurance industry.

All types of personal and business insurance will be discussed, including life, health, long-term care, disability, homeowners, automobile, liability, buy-sell agreements, executive bonus, death benefit-only plans, and a whole host of others. You will leave this class with a greater understanding of how to recognize potential insurance problems before they become a reality and address them through proper planning recommendations.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Learn why insurance is the center of your client’s financial universe
  • Describe the varying risks affecting your clients and implement ways to manage each risk.
  • Determine how to select insurance companies.
  • Explain the role of insurance in transferring risk.
  • Describe the different types of products in the marketplace.
  • Determine each type of insurance your client needs.
  • Quantify how much insurance your client really needs.
  • Explain the intricacies of a life insurance contract.
  • Decide when to cash out of life insurance products.
  • Know who should own and be the beneficiary of a life insurance policy.
  • Explain the role of dividends in a life insurance policy.
  • List the types of life insurance settlement options available to the beneficiary.
  • Explain the ins and outs of purchasing disability insurance.
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Course Specifics

Course ID
Revision Date
September 8, 2022

Basic tax preparation and planning knowledge

Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02229-22-O
IRS Federal Tax Law Credits: 6
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1232
CTEC Federal Tax Law Credits: 6

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

Jeff Rattiner Headshot

Jeff Rattiner, BBA, CPA, CFP, MBA, is the president of JR Financial Group, Inc., which provides tax, financial planning, and money management services to individuals and financial planning professionals in Scottsdale, Arizona and Centennial, Colorado. His Financial Planning Fast Track (FPFT) program—which has been taught at eight universities—provides professionals with the training necessary to become CFP® certificants, and it received critical acclaim as the cover story in the December 2001 issue of Financial Planning Magazine. He’s a frequent and sought-after industry writer and entertaining speaker—authoring 10 books for Wiley, Bloomberg, CCH, Harcourt Brace and many others covering a variety of …