Strategist Or Life Insurance coverage Salesperson – Can You Inform The Distinction?
Richard Okay. Newman, CPA/PFS, AEP, CAP, is the founding member of Life Audit Professionals, LLC. Newman, a previously working towards CPA, was founding and managing associate of Melnick and Newman, P.A., a full-service CPA agency. He has spent the final 29 years of his profession targeted solely on life insurance coverage methods, serving to prosperous households switch wealth to their family members.
His understanding of each earnings and property tax points locations him in a really distinctive place. Not solely does he perceive buy life insurance coverage on the most favorable charges with extremely rated carriers, he is aware of which merchandise to make use of and the place finest to personal the coverage, offering the best after-tax profit for households.
Newman can not implement intricate planning on his personal. He wants the assistance of his shopper’s professionals. He’s a group participant. He works in tandem together with his shopper’s monetary advisor, CPA, banker and lawyer. He has been instructed on quite a few events by the skilled group that he has supplied vital value to the group.
Newman’s agency has developed a proprietary life insurance coverage audit system – MYLIFEAUDIT. He has discovered that an audit of present insurance coverage has saved his purchasers many hundreds in insurance coverage prices. For instance, a lot of his purchasers have built-in their want for long-term care safety utilizing a life-insurance-based technique for lower than their present life insurance coverage premium.
His tax and insurance coverage experience present perception into extra elaborate insurance coverage methods, comparable to using pension plans to buy the wanted protection. For these households rather less liquid, his understanding of inventive premium financing strategies will permit them to purchase the required protection to guard their enterprise or actual property pursuits.
The achievement Newman is most happy with is his chartered advisor in philanthropy designation. Lots of his purchasers, together with his assist, have rearranged their planning to supply societal profit with out interfering with the household legacy.
He earned his bachelor’s diploma in accounting from the College of Miami. He’s affiliated with the American Institute of Licensed Public Accountants; the Florida Institute of Licensed Public Accountants; the Million Greenback Spherical Desk, incomes constant Prime of the Desk credentials; and the NAIFA.
Life Audit Professionals, LLC, is positioned at 2101 N.W. Company Blvd., Ste. 300, Boca Raton. For extra data, name 844-LIFEAUDIT or go to mylifeaudit.com.
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