LUTCF Course 2 case studies
LUTCF Course 2 · Put your knowledge to work in context.
The Life Underwriter Training Council Fellow (LUTCF) is a professional designation for insurance and financial advisors, and the source material identifies it as the "LUTCF Designation" listed among the education offerings of the National Association of Insurance and Financial Advisors (NAIFA). NAIFA describes itself as empowering financial professionals and consumers through advocacy and education, and it lists the LUTCF designation alongside other programs such as the Life & Annuities Certified Professional (LACP) certification, the Leadership in Life Institute (LILI), and the Certified Home Equity Advisor (CHEA). The LUTCF Course 2 case studies are 5 cases and about 4,136 words.
1Funding a Buy-Sell When One Policy Sits Inside an Irrevocable Trust
Patel and Okafor are 50/50 owners of a two-dentist practice appraised at 2.4 million. Each wants a funded buy-sell agreement paying 1.2 million for a departing owner's shares.
896 words, about 4 min2Coordinating Group LTD With an Individual Own-Occupation Policy
Marco, 46, is the 100% owner-employee of an S corporation architectural firm. He pays himself a 120,000 W-2 salary and takes roughly 60,000 more as pass-through profit.
796 words, about 4 min3The Gap-Year Roth Conversion Decision
Dana, 61, and Michael, 63, are married and plan for Dana to retire at 62. Dana's employer offers a choice at retirement: a 520,000 lump sum rollable to an IRA, or a joint-and-50%-survivor annuity of 2,900 per month beginning immediately.
828 words, about 4 min4A $3.8 Million Estate in a State With a $2 Million Exemption
Harold, 74, was widowed two years ago when his wife Eleanor died. Everything passed to him by joint title and beneficiary designation, and no Form 706 was ever filed.
823 words, about 4 min5A 1035 Exchange Out of a Living-Benefit Contract
Rosa, 68 and single, bought a nonqualified variable deferred annuity in 2011 with a 200,000 single premium. It is now worth 310,000.
793 words, about 4 min