LIMRA Offers Training on Distribution Planning

December 9, 2002 ( - Plan sponsors concerned about the eventual fate of distributions from retirement plans might draw some comfort from the existence of a new training program for agents and financial advisors.

The program, Retirement and Distribution Planning, is being offered by LIMRA International to help advisors working with participant/clients who are ready to transfer retirement funds as they change jobs or leave the workforce.

LIMRA estimates that the current amount of retirement assets eligible for distribution to individuals who change jobs or retire is approximately $250 billion. While companies are interested in retaining these assets, research shows that 56% of institutional plan assets are rolled over (or taken in cash) each year by individuals who retire and that 82% of these assets leave the provider company.

At the same time, nearly half (43%) of accounts accumulated by retirees exceed $100,000, with the average value exceeding $150,000.  

LIMRA’s Retirement and Distribution Planning Course is a four-module, electronic, self-study course that takes between 12 and 15 hours to complete. It has been approved for continuing education credits in 31 states and is being evaluated by others. For more information, contact Vicente Pina at (860) 298-3935, .