For advisors who provide insurance and risk management to individuals and families, a growing area of interest is end-of-life planning. First, this topic has garnered public attention due to changes in medical technology and health care management. Second, state legislatures have given individuals and their families far more control over managing these decisions. To provide holistic risk management to clients, insurance advisors should know about end-of-life issues such as medical directives, medical powers of attorney, POLST orders, and physician-assisted suicide.
Steve Parrish, JD, RICP, CLU, ChFC, AEP, is an adjunct professor at The American College and interim director of the Compliance and Risk Management program at Drake University Law School.