Exit Planning with Insurance – SME Masterclass Series
Program Overview
Do you know how many types of buy-sell agreement there are and which is most appropriate for your client? Do you know how much sum assured to recommend in order to fund the buy-sell agreement? Do you know what important clauses needs to be included and do you know how to facilitate the negotiation among shareholders and how to communicate with the lawyer drafting the agreement?
Through a combination of case studies, discussions, collaborative learning and mini lectures, this Masterclass facilitates the understanding of exit planning with insurance products as the funding vehicle for small business owners.
Upon completion of this Masterclass, participants will understand how to structure and recommend suitable exit solutions for different types of business structures, ranging from sole proprietors to private company shareholders to ensure business continuity when a business owner or its partner(s) exit due to an insurable event. This Masterclass constitutes one of the core modules to attaining the CREDIBILITYTM Business Continuity Specialist Designation.
Participants will gain understanding and competency to structure different exit propositions depending on the client’s business structure and unique situation and use appropriate insurance products as funding vehicles for exit. They will be proficient to engage SME owners on business continuity planning relating to various exit scenarios.
- Understand the importance of exit planning and the objections towards planning
- Understand the consequences of not planning for exit
- Understand the application of buy-sell agreement in exit planning,
- Understand and apply the various exit planning frameworks for different business structures.
Upon completion of this program, participants will be awarded the Certificate of Completion and 4 non-core CPD Training Hours.
Financial Planning Professionals, Bank Relationship Managers and Insurance Specialists, Insurance Agents
$350 before GST
This course is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met.
Please note that in no way does this represent an endorsement of the quality of the training provider and course. Participants are advised to assess the suitability of the course and its relevance to his/her business activities or job roles.
The FTS is available to eligible entities based on the prevalent funding eligibility, quantum and caps. FTS provides up to 70% course fee subsidy support for direct training costs subject to a cap of S$500 per candidate per course subject to all eligibility criteria being met.
Find out more on www.ibf.org.sg
Facilitator
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RONALD WONG
Ronald has a “3-E Mission” in the Marketplace: to Educate the public about the importance of financial planning, to Encourage them to take practical actions for their financial future, and to Empower them to make the right choices with a positive attitude to take personal responsibility about their financial future.
