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Personal Financial Planning
CPE Self-study

Life Insurance

Covers the various life insurance solutions, including term life, permanent life, and group life.

$68 - $105
Do you have an AICPA membership? Log in to apply your member discount.



NASBA Field of Study

Specialized Knowledge



CPE Credits



1 year

Product Number


 Business & partner 
Product Details

This CPE course can be purchased individually or as part of the Risk Management and Insurance Planning Certificate Program.

The construction of a proposed life insurance solution in a personal financial plan is complex on several levels. As a personal financial planner, you must possess a broad range of knowledge of the various insurance solutions available to have a reasoned dialogue with your clients.

In this audiovisual CPE course, Tom Tillery will describe three different types of life insurance contracts: term life insurance, permanent life insurance, and group life insurance (group life insurance is covered in greater depth in the Group Insurance and Employee Benefits course).

This course covers:

  • Optimal design of a policy
  • Funding and withdrawal features
  • Dividend options
  • Nonforfeiture options
  • Settlement options

Finally, taxation and tax planning topics will be addressed, including:

  • Tax planning with life insurance
  • Income taxation of life insurance
  • Taxation at surrender of a contract
  • Taxation of proceeds from a life insurance contract
  • Transfer of value rules
  • Section 1035 exchanges
  • Integrating life insurance with the overall financial plan.
Who Will Benefit
  • CPAs and financial planners with basic knowledge of, and interest in, personal financial planning.
Key Topics
  • Term, credit, permanent, universal
  • Key features of life insurance
  • Underwriting, design, funding, nonforfeiture, settlement, planning, practical aspects
  • Taxation and tax planning with life insurance
  • Integrating life insurance with the overall financial plan
Learning Outcomes
  • Recognize the various types of term life insurance.
  • Identify the types of permanent life insurance.
  • Select a waiver of premium rider based on specific facts and circumstances.
  • Distinguish among the various types of life insurance riders.
  • Identify the features of a permanent life insurance contract.
  • Determine the taxation of distributions from a modified endowment contract.
  • Select the appropriate dividend option based on the client's facts and circumstances.
  • Calculate the death benefit of a life insurance contract.
  • Identify exchanges of insurance contracts that qualify for IRC Section 1035 tax treatment.
  • Select an estate planning strategy based on a client's specific facts and circumstances.
Credit Info
CPE Credits
NASBA Field of Study
Specialized Knowledge
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members
PFP Section Members

Group ordering for your team

2 to 5 registrants

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6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at

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The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Life Insurance
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