CFP® Certification CE

Personal Life Insurance Planning: Mistakes to Avoid

Overview

This course is intended to help life insurance producers identify, understand, and help prevent common errors, missteps, and mistakes that can result in unintended consequences for policyowners and their beneficiaries. The course examines errors that insurance producers may commit in their professional practice while assisting clients in planning for the future. It also examines mistakes commonly made by policyowners with the goal of equipping producers to help clients navigate their own personal life insurance planning decisions.

Summary Details

Hours

2.0

Price

$14.95





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Learning Objectives

  • Understand why minors should not be named as policy beneficiaries
  • Describe a Goodman Triangle and explain the tax consequences of creating a Goodman Triangle
  • Explain the implications of naming an estate as beneficiary
  • Understand the importance of updating beneficiaries and identify how benefit allocations can ensure that policyowners' goals are met
  • Explain the transfer for value rule
  • Understand how policy loans work and how loans may lead to policy lapses and unintended tax consequences


Designed For:

Life and health insurance producers and finance professionals



Course Information

Adding additional credit may change exam requirements.

Access Period: 12 months
Prerequisites: None
Delivery Method: Self-Study
PDF Download: Available
Provider of Record: WebCE
Provider Number: 2257
Last Reviewed: November 2025
Study Level: Intermediate
Approved For: General

Exam

Proctor: No
Passing Grade: 70
Questions: 10



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