VISITORS CENTER

CE Resources

Find local Chapter events in your area.

Join Now to get member pricing!

"FSP webinars have tremendous value for financial professionals. There is a wide array of interesting topics to choose from, and the ability to assemble a group of individuals lets you extend and amplify the value of the program. When supporting material is provided, such as articles, web sites, etc., attendees can continue the dialogue when the program ends."

Laurene B. Prevette, RHU, LUTCF
FSP Board of Directors, 2011-2012


The Uniform Prudent Investor Act & Trust-Owned Life Insurance:
The Impossible Dream or a Match Made in Heaven

Co-Sponsored by NAEPC

CIE State CE Credit Approvals
State CE Credits State CE Credits State CE Credits
Alabama Kentucky North Dakota
Alaska Louisiana Ohio
Arizona Maine Oklahoma
Arkansas Maryland Oregon
California Massachussetts Pennsylvania
Colorado Michigan Rhode Island
Connecticut Minnesota South Carolina
DC Mississippi South Dakota
Delaware Missouri Tennessee
Florida Montana Texas
Georgia Nebraska Utah
Hawaii Nevada Vermont
Idaho New Hampshire Virginia
Illinois New Jersey Washington
Indiana New Mexico West Virginia
Iowa New York Wisconsin
Kansas North Carolina Wyoming

Close Window

CLE State CE Credit Approvals
State CE Credits State CE Credits State CE Credits
Alabama Kentucky North Dakota
Alaska Louisiana Ohio
Arizona Maine Oklahoma
Arkansas Maryland Oregon
California Massachussetts Pennsylvania
Colorado Michigan Rhode Island
Connecticut Minnesota South Carolina
DC Mississippi South Dakota
Delaware Missouri Tennessee
Florida Montana Texas
Georgia Nebraska Utah
Hawaii Nevada Vermont
Idaho New Hampshire Virginia
Illinois New Jersey Washington
Indiana New Mexico West Virginia
Iowa New York Wisconsin
Kansas North Carolina Wyoming

Close Window

CPE CE Credit Approvals

The recommended number of CPE credit hours is:

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.

The Society's Refund Policy states that a refund may be given in most circumstances, less a $50 service fee. For more information regarding administrative policies on complaints and refunds, please contact our office at (800) 392-6900.

The following State Boards of Accountancy will accept CPE credit from National Registry Sponsors:

Alabama
Alaska
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Guam
Hawaii
Idaho
Iowa
Illinois
Indiana
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
North Carolina
North Dakota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Puerto Rico
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
West Virginia
Wyoming

There are no formal registration requirements for course providers in the balance of the states.

Close Window

CFP CE Credit Approvals

This program has been awarded up to: hours of CFP credit.

"The marks CFP and Certified Financial Planner are owned by the Certified Financial Planner Board of Standards, Inc."

Close Window

PACE CE Credit Approvals

This program has been awarded up to: hours of PACE credit.

Close Window

CPC CE Credit Approvals

This program has been awarded up to: hours of CPC credit.

Close Window

Enrolled Actuary CE Credit Approvals

This program has been awarded up to: hours of Enrolled Actuary credit.

Close Window

ICB CE Credit Approvals
Title CE Credits Title CE Credits
CCTS: CRSP:
CISP: TAX:
CTFA: FP:

Close Window

CE Credits [For National Showings]†
ICB CFP CIE CLE CPE PACE CPC Enrolled Actuary

A Video Teleconference (VTC) produced by the Society of FSP. VTCs are educational programs streamed over the Internet and hosted by local Chapters.

† New York Residents: To receive CE credit you must be present at the live broadcast.

Order Archive
The Uniform Prudent Investor Act & Trust-Owned Life Insurance: The Impossible Dream or a Match Made in Heaven
Archive: $
Order Workbook
The Uniform Prudent Investor Act & Trust-Owned Life Insurance: The Impossible Dream or a Match Made in Heaven
Workbook: $

National Broadcast Dates:

Nov. 14, 2012, 1:00–3:10 p.m. ET
Nov. 15, 2012, 10:00 a.m.–12:10 pm. ET

*Chapters can offer programs on national broadcast dates or a date of their own choosing. Each Chapter also determines the cost and location for its program. Consult your Chapter about its plans to present this program.

Participating Chapters

Program Overview

The Uniform Prudent Investor Act (UPIA) imposes a duty on all trustees/fiduciaries to manage, monitor, and evaluate assets and investments under their care for the benefit of the beneficiaries of the trust, a duty which also applies to Trust-Owned Life Insurance (TOLI). Despite numerous professional articles pointing out the applicability of UPIA to Trust-Owned Life Insurance (TOLI), the vast majority of trustees/fiduciaries have not applied these statutes uniformly with respect to TOLI. This program, which references the Stuart Cochran Irrevocable Trust v. KeyBank, N.A. case, examines the risk management of life insurance. It identifies the techniques and resources available to trustees to evaluate permanent life insurance policies and reviews UPIA and its applicability to TOLI. The program also examines the nature and explains the pricing elements of life insurance and the most common types of permanent life insurance policies, their reliability and usefulness, and the problems associated with "comparing apples to oranges." Attendees will look at the process of creating benchmarks for permanent life insurance policies, review various evaluation methods available to comply with UPIA, the pros and cons of each, and whether or not these systems meet the "dispute defensible" test for the fiduciary and avoid allegations of predatory practices.

By the end of the program attendees will understand:

  • What the UPIA is and how it applies to Trust-Owned Life Insurance
  • How the Cochran v. KeyBank case affects trustees and fiduciaries in the management of life insurance
  • The red flags and predatory practices trustees/fiduciaries need to avoid in managing life insurance policies
  • Life Insurance Policy Management Statements

Who should attend?

Financial planners, insurance producers, investment advisors, and retirement counselors.

Educational Level

Intermediate

Moderator

Gary L. Flotron, MBA, CLU®, ChFC®, AEP® An Adjunct Professor for both the University of Missouri — St. Louis and The American College, and practitioner for over 30 years, Gary is the author of a research white paper of the same title and topic as this presentation. He is also a Past President of the National Association of Estate Planners & Councils, Former Chair of the Synergy Summit, and Past National Director of the Society for Financial Service Professionals.

Panel of Experts

Lawrence Brody, J.D., LL.M, AEP® (Distinguished) — Partner with the National law firm Bryan Cave LLP, where he leads the firm's Private Client Group, and a member of the American College of Trust and Estate Councils (ACTEC), Larry is a frequent speaker at many national events and a prolific author. A particular focus in his practice is the use of life insurance in estate planning and in non-qualified benefits planning.
Richard A. Schwartz, FSA, MAAA, CLU® — President of Life Insurance Analysts (LIA), Inc. where he functions as a consultant to professional advisors, including their corporate and individual clients, and the financial services industry. LIA provides strategy and analysis, product development, private placement consulting and expert witness valuation and consulting services. Dick is a former Executive Vice President of M Financial Group and former Senior Vice President of Product Marketing for Sun America. He is the co-author of the American Bar Association primer publication Life Insurance Due Care: Carriers, Products and Illustrations.
Richard M. Weber, MBA, CLU®, AEP® (Distinguished) — Managing Member of Ethical Edge Insurance Solutions, LLC, an insurance fiduciary, and current President of the Society of Financial Service Professions, Dick is the author or co-author of numerous books and articles relating to the ethical sale of life insurance including his latest Life Insurance as an Asset Class — Managing a Valuable Asset. He was also the prosecution life insurance expert witness for the Cochran v. KeyBank case.
E. Randolph Whitelaw — Managing Director of Trust Asset Consultants, LLC (TAC), a TOLI (Trust-Owned Life Insurance) risk management consulting and policy evaluation firm. Randy has been a leader in the TOLI suitability and problematic policy consulting marketplace since the early 1990s. He is frequently engaged to provide expert opinion and testimony in dispute and litigation matters.

Questions?

If you have a problem contacting your local chapter, call 800-392-6900 (M–F, 9 a.m.–4:30 p.m. ET ) or contact us via e-mail at Info@FinancialPro.org