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Self study cpe
The Differences Between Life Insurance & Annuities in 2024

THE DIFFERENCES BETWEEN LIFE INSURANCE & ANNUITIES IN 2024

CPE Processing Fee$30.00
Webinar TranscriptionN/A
Presentation Length Hour(s)1.0 hour
CPE Credits 1.0 hour
Subject Area 1.0 - Specialized Knowledge
CE Credits 0.0 hours
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateFebruary 6, 2024
Date OfferedApril 4, 2024
Expiration DateApril 4, 2025
Course Description

Commonly marketed as a Life Insurance Retirement Plan, it's important to know that using life insurance as an investment strategy can have severe drawbacks. In these plans, a substantial amount of your client's premiums are usually applied toward policy fees, the cost of insurance, and commissions. Essentially, it can take time for the savings account to start gaining value, especially for people in their fifties or sixties.

Likewise, annuities, specifically indexed annuities, need to be structured correctly with proper products and insurance companies for them to have performance and keep pace with fixed annuities. Even though some might have expensive fees, comparatively they are less expensive overall when compared to life insurance.

While both should be considered in your client's long-term financial plan, it's imperative to understand the differences and how each might play a role.

Learning Objectives:


  • Identify differences between life insurance and annuity policies

  • Define the fees and expenses to consider

  • List taxable withdrawals subject to either FIFO or LIFO

  • Determine how to use qualified retirement accounts with both

  • Contrast an indexed annuity versus an indexed universal life product

  • Evaluate manipulated illustrations and a better buying experience



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

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Handout Materials
Presentation Slides
Additional Materials
Glossary
Review Questions
Review Questions
QUESTION 1: 0:21:13 minutes
QUESTION 2: 0:30:40 minutes
QUESTION 3: 0:49:22 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Carlos Dias Jr.

Dias Wealth
Founder and Managing Partner
carlos@diaswealth.com
(407) 801-2244

Diaswealth

Carlos Dias Jr. is a financial adviser, public speaker, and president of Dias Wealth LLC in Orlando, Florida, offering strategic financial planning services to business owners, executives, retirees, and professional athletes.

Carlos is a nationally syndicated columnist for Kiplinger and has contributed, been featured, or quoted in over 100 publications, including Forbes, MarketWatch, Bloomberg, CNBC, The Wall Street Journal, U.S. News & World Report, USA Today, and several others. He's also been interviewed on various radio and television stations. Carlos is trilingual, fluent in both Portuguese and Spanish.

 

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At Dias Wealth, our team works with clients from many backgrounds plan for a successful financial future. We provide real solutions that can help you make better financial decisions with a full range of investment management options, including tax, financial, charitable, asset protection, and estate planning services.