Insurance for Estate Planning


Insurance for Estate Planning examines the various aspects of estate planning and the use of life insurance for this purpose. Ideal for those who specialize in advanced planning areas, this course provides an overview of the issues associated with estate settlement and includes a discussion of the probate estate and the federal gross estate. The student is introduced to the subject of the federal estate tax and how it is calculated, as well as the role of trusts in minimizing the estate tax. Specifically, the course examines credit shelter trusts, QTIP trusts, and irrevocable life insurance trusts. State death taxes are also considered. Finally, the sources of estate tax payment are examined and compared.

Learning Objectives

Upon conclusion of this course, students will be able to:

  • explain the differences between an estate for tax purposes and a probate estate
  • identify those assets that comprise the federal gross estate
  • demonstrate an understanding of the difference between inheritance taxes and estate taxes
  • explain the typical beneficiary classifications for state inheritance tax purposes
  • explain how gifts are taxed under the federal gift tax system
  • identify the deductions and credits allowed under the federal system of estate taxation
  • describe the common trusts employed in estate tax planning
  • perform an estate tax calculation

Designed For

Life insurance producers; financial advisors and planners
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