Planning
Form used to get paid once a plan is delivered
What is a Delivery Release?
Partner agency for outside insurance carriers
What is Crump?
Name an LFN approved risk profiling tool
What is Riskalyze, HiddenLevers, or Blackrock 360?
An annuity with a guaranteed interest rate for a specified term
What is a Fixed Annuity/MYGA?
Tool required for any rollovers after 7/1
What is the Decision Optimizer?
Expected release date for AdvicePay, in general
What is Q4?
Specific carrier and VUL product with no surrender charges
What is Lincoln LifeGoals?
Selling losing investments to offset gains in others
What is Tax Loss Harvesting?
A tax-advantaged savings plan for education purposes
What is a 529 Plan?
Act passed in 2019 affecting securities related transactions
What is Reg BI?
What are Objectives, Assumptions, Observations, Recommendations
Criteria to qualify for long-term care insurance benefits
What is losing the ability to perform 2 of 6 ADLs, or cognitive impairment?
A document or contract that designates an Advisory/Managed account
What is an SIS or IPS?
A transaction to defer capital gains on real estate
What is a 1031 Exchange?
Act passed in 1974 to set minimum standards for retirement plans
What is ERISA?
Required if providing products/services before a plan is delivered?
What is an Early Implementation Letter?
A trust commonly used for life insurance policies
What is an Irrevocable Life Insurance Trust?
Roth IRA funding technique used when over the income limits
What is a Backdoor Roth Conversion?
The maximum % of one's net worth, excluding residence, allowed in annuities
What is 50%?
Disclosure form required for IARs related to their background
What is ADV Part 2B?
The city and state for the LFN Financial Planning Administration
The excess cost/premium for a substandard life insurance candidate
What is a Table Rating?
An alternative investment that may allow significant tax write-offs
What is an Oil and Gas program?
A defined benefit plan that acts more like a defined contribution plan
What is a Cash Balance Plan?
A form to track date of Form CRS, Reg BI, and ADV delivery