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DTSTART:20201014T160000Z
DTEND:20201014T173000Z
LOCATION:Webinar
UID:1976120201014T160000ZInsurance Update
DTSTAMP:20260504T135054Z
DESCRIPTION:\nTOPIC:     Insurance “Best Interest” Pressures: New Considerations for Estate Planners (not just Life Insurance Professionals)\n \n \n \nThe meaning of “Client’s Best Interests” for life insurance product recommendations has been redefined. National Association of Insurance Commissions (NAIC) Illustrations Model Regulation #582 is no longer the standard.  NIAC Reg #582 permitted insurers to “quote” a low premium while charging high costs WITHOUT disclosing the correspondingly higher risks of additional “premium calls” or policy lapse. Because of this, NAIC illustration comparisons are now considered “misleading”, “fundamentally inappropriate” and unreliable by financial, insurance, and banking industry authorities, and expose fiduciary advisors to risks of breach of their duty to exercise reasonable care, skill, caution and prudence.  This session will therefore identify and address the factors which all estate planners must now consider given new “Best Interest” Pressures.    \n  \n \n \n \nAfter you register you will be sent two (2) Zoom invitations:\n \n \n 12:00 – 1:00 Webinar 1:00 – 1:30 – Network with a small group of your colleagues! Also a great place to discuss the seminar. \n \n \nThis program has been submitted for approval by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1 hour of total CLE credit. Of these, 0 qualify as hours of credit for ethics/professionalism, and 0 qualify as hours of credit toward certification in civil trial law, criminal trial law, workers compensation law, municipal court law, and/or matrimonial law.\n \nCFP and CPA continuing education credit will be offered for this presentation pending approval.          \n \n                                                                         \n \nGary Walker   \n \nFirst Vice President\n \nProgram Chairperson\n \n \n \nNo charge for Members\n \nGuest Fee **$50.00\n \n** $50 fee will be applied to $295  Membership Dues for guests who join EPCNNJ after this presentation.\n \nPlease respond by Tuesday, Octoberber  9, 2020          \n
SUMMARY:Insurance Update - Estate Planning Council of Northern New Jersey 
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