Serving Seniors with Diminished Capacity

Overview

Financial professionals are undoubtedly familiar with the financial planning issues that older clients face: the need to maximize Social Security benefits, develop an income stream to last throughout retirement, ensure that health care costs are covered, and ultimately develop an estate plan to transfer assets to heirs in a tax-efficient manner. To ethically serve the wave of aging baby boomers, financial professionals must be prepared to address the important issue of diminished capacity. Those who understand the signs of cognitive decline and develop protocols and strategies for working with such impairment can help ensure that clients are protected during a vulnerable stage in their lives.

Find this course for your license

License or Certification

Regulator

Objectives

demonstrate an understanding of the ethical duties that financial advisors owe to clients in general and the specific duties owed to senior clients describe the various physical, psychological, and cognitive changes individuals face as they age
explain what financial professionals can do to help ensure client understanding of financial concepts and products
identify the warning signs that may indicate a client is suffering from cognitive impairment
explain how to have a conversation about cognitive impairment with one's clients
take steps to protect themselves and their practices, and mitigate their own risks
cite the various red flags that may indicate a person is being financially exploited or abused
explain how advisors can protect older clients from financial abuse

Designed For:

Life and health insurance producers and finance professionals

Course Information

Adding additional credit may change exam requirements.

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