Sponsored Education Online: Using Split Dollar to Take Advantage of Today's Low Interest Rates
CPE CE Credit Approvals
The recommended number of CPE credit hours is: 1
The Society of Financial Service Professionals 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.learningmarket.org.
The Society offers programs at intermediate to advanced levels of continuing professional education. Although no pre-requisite course or advanced preparation is needed to participate in any program, knowledge of, or experience in, the program topic is required.
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The following State Boards of Accountancy will accept CPE credit from National Registry Sponsors:
There are no formal registration requirements for course providers in the balance of the states.
* You must participate in the live event to get the PACE, CPE and CFP credit.
Contrary to reports of its demise in 2003, split dollar arrangements remain an extremely efficient way to pay for life insurance contracts. In today's low interest rate environment, loan regime split dollar arrangements can be used to efficiently transfer wealth or fund supplemental retirement income. The webinar will use case studies to show how to customize split dollar illustrations for wealth transfer, supplemental retirement and key employee retention. By using LifeComp® the employer will be using plan documents and administration that assure compliance with the split dollar regulations, Section 409A deferred compensation rules, and the restrictions imposed by Sarbanes-Oxley on loans to key executives. Accounting reports supply payroll, attorneys and/or CPAs all of the information they need to properly report the split dollar agreement for income and estate and gift tax purposes. LifeComp® is so unique it was awarded a US patent. During the webinar we will explain how LifeComp® can provide the solutions for your client's business or personal life insurance needs.
Dean F. "Chip" Chatlain has 37 years of experience as a tax attorney, with 30 years in the life insurance industry. He provides advice to Lincoln's agents and producers as an advanced sales attorney. After law school, he spent seven years as a trial attorney with Office of the Chief Counsel for the IRS. Prior to the merger of Lincoln National and Jefferson Pilot, he was corporate tax counsel for the Jefferson Pilot Financial group of companies. Because of his extensive experience in tax planning and compliance, Chip combines a solid background in individual and corporate taxation with a thorough understanding of the tax advantages offered by the full range of Lincoln's annuity, investment, life insurance, disability and retirement products. In addition to assisting in the design of life insurance and annuity products, he has evaluated a wide range of marketing programs that were developed internally, or were submitted by producers and marketing groups. Chip is a graduate of Ohio Wesleyan University (B.A. Business and Economics) and Vanderbilt Law School (J.D.). He has been a member of the company and product tax committees of the ACLI, and has spoken on numerous occasions at the International Forum, the AALU Annual Meeting, the LIMRA Advanced Sales Meeting, and at the Federal Bar Association's Insurance Tax Conference.