Course Description

While many people have life insurance, far fewer have disability insurance coverage. Often the decision to bypass disability insurance is due to the often-higher cost or the misperception that employer or social security coverage is all one needs. The problem is that for any given year up to retirement, there is a higher probability of a worker becoming disabled as opposed to dying! For this reason, it is important for practitioners to talk to their clients about disability insurance – what it does and how much coverage is appropriate. In this course, we will explore both issues so that you can feel confident talking to your clients about their needs in this often-ignored area of the financial plan.

Learning Objectives

  • State which types of disability benefits are taxable and how this affects the insurance need.

  • Identify common types of disability benefits.

  • Recognize the qualifications for Social Security Disability benefits.

Additional Required Materials

  • Level: Overview

  • Field of Study: Personnel/Human Resources (NASBA); Insurance Planning (CFP)

  • Who Should Attend: CPAs and financial advisors who advise on insurance-related matters for clients.

  • Required Knowledge: None

  • Advanced Prep: None

Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen 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 the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters 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 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.