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Glacial Ridge September Member Meeting
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9/15/2017
When: Friday, September 15, 2017
9:30am-12:30pm
Where: Nelson Gables
1220 Nokomis Street
Alexandria, Minnesota  56308
Contact: Brent Boraas
(320) 762-5442


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Agenda

8:30-9:30am Board Meeting – board members only
9:30-11:30am Jay Yunek – Liability Insurance
11:30-12:30pm Matt Martin – The Guide to Reverse Mortgages

Liability Insurance

The purpose of this 2 hour continuing education course is to familiarize its attendees with the legal elements of auto and homeowner liability claims. We will also discuss the intent of liability insurance and how it relates to asset protection. The course will explain negligence and strict liability; describe which damages are recoverable in a civil suit and which may be excluded by insurance; and identify personal assets at risk beyond insurance limits. The course will provide examples of auto and homeowner claims that have exceeded applicable insurance limits and show how a personal liability umbrella policy may protect the insured’s assets.

Attendees will learn the basics of liability exposure; gain an understanding of how the value of a claim may escalate; develop recognition of Bad Faith claims; and acquire an appreciation for the benefits of higher liability limits and umbrella protection.

Learning Objectives

  1. Understanding reasonable care and burden of proof
  2. Recognizing common insurance exclusive
  3. Understanding the basic application of no-fault in auto
  4. Understanding the application of Bad Faith in 1st and 3rd party claims

Speaker

Jay Yunek

Mr. Yunek was born and raised among the fields of west central Iowa and transplanted he and his wife, Debra, to MN in 1980. He earned his law degree at Hamline University in 1983 while Debra worked at Midway Hospital. Upon graduation, Jay became a general practitioner in Western Wisconsin, the Twin Cities and southern Minnesota through 1989. His boys, Jeff and Joe, were born in 1984 and 1987.

In 1990 Mr. Yunek joined American Family Insurance as litigation attorney in St. Cloud, MN. His responsibilities included the defense of insureds in bodily injury lawsuits in central MN and the defense of American Family in No-Fault auto claims. In 2012, Mr. Yunek moved to a regional office in Minneapolis to practice as a Senior Litigation Attorney. In 2014 he accepted a supervisory position with American Family where he presently advises the Claims department on legal issues and supervises outside litigation counsel in MN, ND, SD, KS and TX.

Mr. Yunek brings a rich experience of litigation practice and supervision of complex claims to this presentation

The Guide to Reverse Mortgages in Retirement Income Planning

The attendees will learn how the Home Equity Conversion Mortgage can help mitigate the many risks that can derail retirement income planning. We will discuss the stabilizing role of using home equity during the distribution phase. We will review a series of Journal of Financial Planning Papers and case studies from The American College. In addition, professionals will gain expertise in using financial calculators to determine available HECM proceeds and the effect of home equity draws on the investment portfolio.

Learning Objectives

  1. Define and discuss the forces impacting retirement income planning
  2. Identify how the Home Equity Conversion Mortgage “HECM” and other reverse mortgages have evolved
  3. Describe how the demographics and market has changed for the refinance and purchase program
  4. Analyze how the new HECM guidelines may help your clients
  5. Discuss how the HECM can mitigate the risks to your investment portfolio
  6. Apply real-life client case studies and academic research to retirement income planning calculators

Speaker

Matthew Martin

Matt Martin is a Home Equity Conversion Mortgage (HECM) Specialist. Matt has been serving homeowners 62 and older since he started in the HECM Reverse Mortgage industry in 2000. Throughout that time, it has been Matt’s privilege to help his retirees understand what HECMs are all about, what kind of benefits they offer, how a HECM could help improve his clients’ retirement lifestyle, and how a HECM can be a viable financial tool to stretch out their retirement savings. As a trusted resource, Matt assists clients when purchasing a new home with a HECM for Purchase Program, as well as helps clients interested in refinancing into a standard HECM for a myriad of reasons. The bottom line is that he has a proven track record for helping many senior homeowners achieve a quality retirement lifestyle or fund a better future. Matt takes great pride in meeting his clients face to face, no matter how far he may need to travel. Just as important, his clients tell him that they really do prefer getting to sit down and talk one-on-one and truly enjoy that level of attention. That is the dedication and the full-service commitment that Matt will give to your clients. A native of North Dakota, Matt holds a BS degree in Hospitality Management from Moorhead State University. He resides in the Twin Cities with his wife Erica and their two daughters, Caroline and Brooke.

Fees

Please bring admission fee in cash or check payable to NAIFA Glacial Ridge to the event.

  • Glacial Ridge Members: $0
  • Other NAIFA Members: $30
  • Non-Members: $50

CE Credits

Attendees will receive 3 MN Insurance CE Credits for attending this meeting. You will need to provide your license number in order to receive credit. Credits are currently pending.


PCI Compliance: Do not email forms with credit card information. To protect your data and to comply with PCI standards, the office will not accept emailed credit card information.

Cancellation Policy: N/a

Audio/Video Policy: Registration and attendance at, or participation at association events, constitutes an agreement by the registrant to association’s use and distribution of the registrant or attendee’s image or voice in photographs, videotapes, electronic reproductions and audiotapes of such events and activities.

    National Association of Insurance and Financial Advisers of Minnesota

    1000 Westgate Drive, Suite 252, St. Paul, MN 55114
    Phone: (651)366-6091    Fax: (651)290-2266
    Email: naifa@naifa-mn.org

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