Instructor
David Peters
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Instructor
David R. Peters, CPA, CFP, CLU, CPCU, MST, MBA
Founder & Owner, Peters Professional Education
David Peters is the Founder and Owner of Peters Professional Education in Richmond, VA, and is registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Advisor Representative (IAR) with Peters Financial LLC. He has over fifteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry.
David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for Surgent, Kaplan, the AICPA and Don Farmer Tax Courses. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States.
He holds four master’s degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the Virginia CPA Ethics course in 2018, 2019 and 2020 – a required course for all CPAs licensed in the Commonwealth of Virginia.
Education
Certifications
Activities & Associations
Life insurance is a unique product – and there are many types. While many use it to protect their loved ones, it may also be used to gift money to charity, transfer for a business interest, or pay off debts. Life insurance is one of the more useful financial products that a client can own. Utilizing real-life examples and discussion, we will compare the advantages and disadvantages of each approach to calculating the life insurance need. We will also discuss when an ILIT may come in handy, how life insurance can supplement retirement benefits, and the taxation of life insurance for both employers and employees. Whether you are an underwriter or an agent, if you are looking to dig deeper on the uses of life insurance, this is the course for you. It is all in this edition of the The Risk Management Handbook!
• State the basic differences between term, whole, variable, and universal life insurance.
• Identify the characteristics of the human life value approach to calculating the life insurance need.
• Recognize how an Irrevocable Life Insurance Trust (ILIT) may be used in basic estate planning
• Recognize the different types of buy-sell agreements
Calculating the Life Insurance Need
Using Life Insurance to Leave a Bequest
Life Insurance to Cover a Debt
Human Life Value vs Expense Value
Multiple of Earnings Approach
Special Uses of Life Insurance
Irrevocable Life Insurance Trust
Key Person Life Insurance
Buy Sell Agreement
Life Insurance Concepts that are Unique
Term Life Insurance
Whole Life Insurance
Universal and Variable Life Policies
Cash Value & Loans
Common Riders Common Exclusions
Basic life insurance product knowledge and uses
None
Financial professionals, insurance agents, and underwriters that are looking to improve their knowledge of how life insurance may be used to satisfy a variety of client needs.
