CE 113: Overview

COURSE OVERVIEW

The person involved in estate planning should be familiar with the federal estate and gift tax system and with planning techniques for preserving a client’s wealth. As wealth is accumulated, it becomes important that planning for its proper distribution during lifetime or at time of death, as well as conservation of that wealth, become a part of overall financial planning for the individual or family. The life insurance professional is in a unique position to assist clients in their objectives to maximize distributable wealth and to transfer that wealth to beneficiaries in an appropriate fashion.

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CONTINUING EDUCATION CREDIT

Life insurance agents who complete this course will earn continuing education credit in most states. The course is also eligible for credit under PACE, the joint continuing education program of The American College and the American Society of CLU & ChFC. In most cases continuing education credit will also be granted by other professional designation programs.

To determine the acceptability for continuing education credit as well as the number of credits that are granted, see the enclosed continuing education credit guide.

SPECIAL NOTES TO STUDENTS

This publication is designed to provide accurate and authoritative information about the subject covered. The American College is not engaged in rendering legal, accounting, or other professional service. If legal or other expert advice is required, the services of an appropriate professional should be sought.

The material in this study guide was current on the date it was prepared for printing, but some material may have changed by the time you complete the course. If you are planning to earn continuing education credit by taking the course examination, the examination package explains the examination policy of The American College regarding information that may have changed since the study guide was prepared.

If you have any questions, call The American College’s Office of Student Services at (610) 526-1490.

ACKNOWLEDGMENTS

This course was prepared by Egnar F. Jensen, CLU, FLMI, director of continuing education development at The American College. It is based on material written for HS 320, Fundamentals of Financial Planning, a course in the College’s CLU/ChFC curriculum. The reading is reprinted (with changes) from Fundamentals of Financial Planning, 2d ed., Bryn Mawr, Pa.: The American College, 1993. The course editors were Barbara Keyser and Emily Sims, and the production assistant was Susan Doherty.

HOW TO USE THE COURSE GUIDE

For each continuing education course, The American College prepares a course guide that is designed to assist you in becoming thoroughly familiar with the material. The course guide can be used if you earn continuing education credit either by self-studying and taking the course examination or by attending a classroom or video presentation of the course material.

Self-Study with Examination

If you self-study, use the following parts of the course guide:

Part 1¾Course Objectives
These objectives tell you what you will be able to do after you have completed the course.

Part 2—Course Reading
This is the material you must understand in order to pass the continuing education examination for the course.

Part 3—Course Outline
This is an outline of the material in the reading. It serves as a review of the major points covered in the course.

Part 4—Study Questions
Answer the study questions. They are a key to the important concepts and a basic testing of the material in the course reading. Each question has a page reference to the course reading and space for notes or answers.

Part 5—Review
These true-false questions will give you an indication of Questions and Answers whether you have mastered the course material and should proceed to take the course examination. Each question has a page reference to the reading.

Part 6—Key Terms
These terms consist of new vocabulary specific to the subject matter. There is space to define each term.

Part 7—Quick Quiz
Ten true-false questions to test your mastery of the course in a nutshell, with answers to all questions.

Part 8—Evaluation Forms
Questions that give you an opportunity to critique the material and suggest changes.

When you have completed the course guide, take the multiple-choice examination that is contained in the separate examination package. You must follow the examination rules precisely in order to receive continuing education credit.

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