Elder Financial Abuse

Overview

Financial advisors who serve the senior market have the responsibility not only to recognize and understand the issue of elder financial abuse, but to advocate for their senior clients with knowledge and skills that can help keep their clients from falling victim to such abuse or exploitation. This course provides an understanding of the nature of elder financial abuse: why it is so prevalent, the factors that contribute to the risk, common perpetrators and common schemes and scams. The course then reviews a number of ways in which advisors can fight to recognize and prevent the abuse to safeguard elders' futures.

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License or Certification 

 

Regulator 

 

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Objectives

  • demonstrate understanding of the meaning of "elder financial abuse" and why older people are so often victims
  • identify forms of elder financial abuse and cite common risk factors
  • recall why and how cognitive impairment is one of the leading risk factors for financial abuse
  • recognize the different schemes that fraudsters may use to financially exploit seniors and the effects the abuse can inflict on victims and their families
  • cite common red flags that often signal elder financial abuse
  • develop plans and protocols for their own business model that can help older clients understand and prevent financial abuse

Designed For:

Life and health insurance producers and finance professionals working with senior clients


WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

Course Information

Adding additional credit may change exam requirements.

Advanced Preparation: None