The best and worst things you can do with insurance – Part 2 {PFP Section}

In part 2 of this PFP Section podcast series, experts Lee Slavutin, MD, CLU, and Marty Shenkman, CPA/PFS, JD, LLM share planning details to help you guide your clients in the following areas:

• The different perspectives on long term care (LTC) insurance that goes beyond the numbers to the psychological benefits.
• Why it makes sense to have every client go through the process of evaluating LTC insurance, whether they buy it or not.
• The importance of understanding the nuances of SLATs and SLANTs in the context of filling the gaps with LTC coverage.
• Avoiding the consequences of not evaluating the beneficiaries for insurance and retirement plans.
• The nuances that need to be understood with life insurance and buy sell agreements.
• Understanding the transfer of value issue and how to make sure there aren’t unintended consequences.

For more resources related to this episode:

• Access our new PFP Section member exclusive guide on health transitions. 
• Find our life insurance summary and review roadmap and other PFP Section resources here. 
• Check out the AICPA’s Risk Management and Insurance Planning Certificate Program, that is also a step on the path towards becoming a CPA/PFS.

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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