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Impeccable Professional Credentials
Mary Rae Fouts, EA, CFP® has impeccable professional credentials and twenty-four
years of extensive financial services experience. She has Expert Witness and Advisory Services experience throughout
the United States. Mary is one of the select few
Life and Disability Insurance Analysts licensed by the California Department of Insurance. As a Life and Disability
Insurance Analyst, Life Agent - Life-Only Agent, Life Agent - Accident and Health Agent, and Fire and Casualty Broker-Agent;
a CERTIFIED FINANCIAL PLANNER™; and an Enrolled Agent licensed by the Department of the Treasury, Mary brings exemplary
Expert Witness and Advisory Services to her clients. To learn about Mary's professional background, please visit About Mary Rae Fouts. To request Mary's Curriculum Vitae, please contact Mary at (925) 979-9972. Life and Disability Insurance
Analyst License
Mary Rae Fouts, EA, CFP® has
earned the prestige of being on the select few Life and Disability Insurance Analysts licensed by the California Department
of Insurance. The California Life and Disability Insurance Analyst License provides for the interpretation of the
rights of any party to an annuity, disability insurance, or life insurance contract. This provision specifically
applies to a licensed individual who receives compensation for these services from any person or source other an insurance
company. California law provides that a licensed Life and Disability Insurance Analyst can interpret the rights
of any party to an annuity, disability insurance, or life insurance contract; provide advice on matters concerning such contracts;
and charge a fee for such services.
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California Life and Disability Insurance Analyst works for and receives compensation from the client. The client can
be a policy owner, insured, or other interested party. Individuals such as Mary who have attained
the prestigious California Life and Disability Insurance Analyst License must first hold a California Life Agent license for
a minimum of five years, then pass a rigorous examination covering the applicable sections of the California Insurance Code. The
difficulty in obtaining this license is evident by the following statistic: there are less than fifty Life and Disability
Insurance Analysts licensed in the entire state of California. Visit the California Department of Insurance to learn more about the California Life and Disability Insurance
Analyst License.
CFP® Certification: CERTIFIED FINANCIAL PLANNER™
CFP® practitioners such as Mary Rae Fouts, EA, CFP®
must demonstrate education, examination, experience, and ethics prior to earning the CFP® certification and
practicing as a CERTIFIED FINANCIAL PLANNER™. Following completion of a college or university financial planning
curriculum, the CFP® practitioner candidate must pass a rigorous two day test encompassing financial planning,
retirement planning, employee benefits, estate planning, tax planning, insurance, and investment management. Candidates
must also pass a background check; hold a bachelor's degree; have three years of financial planning experience; adhere to
a code of ethics; and complete continuing education requirements. The Certified Financial Planner Board of Standards, Inc. owns the certification
marks CFP®, CERTIFIED FINANCIAL PLANNER™, and federally registered CFP (with flame design) in the United
States, which it awards to individuals who successfully complete the CFP Board's initial and ongoing certification requirements. Visit
CFP Board to learn more about the CFP® certification.
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Enrolled Agent License
An Enrolled Agent (“EA”) is a federally authorized tax practitioner licensed specifically in the field
of taxation by the United States Department of the Treasury. Enrolled Agents are tax experts who work for and represent
United States taxpayers, providing taxpayer representation, tax preparation, and tax planning services. As an Enrolled Agent, Mary Rae Fouts, EA, CFP® is authorized to prepare tax returns, provide tax advice,
and represent taxpayers before all administrative levels of the Internal Revenue Service, state, and local taxing authorities
in all 50 states and all United States territories. The extensive, nationwide reach of an Enrolled Agent’s licensing
can add significant value to the client/tax practitioner relationship. Becoming
an Enrolled Agent is no simple task. Generally, an individual must pass a difficult two-day examination covering
taxation of individuals, corporations, partnerships, estates, and trusts; procedures; and ethics. A rigorous ninety-day
background check is completed prior to licensing, which potentially includes a review of three years of personal and business
tax returns for both the EA candidate and his or her spouse. Enrolled agents operate under the Department of the
Treasury's Circular 230 regulations, and are required to complete ongoing continuing education. To learn more about
the Enrolled Agent program, visit the Department of the Treasury Office of Professional Responsibility.
Life Agent - Life-Only Agent License
Life Agent - Accident and Health Agent License Individuals
such as Mary who hold the California Life-Only Agent License and the California Accident and Health Agent License are
commonly referred to as holding the "full Life Agent" license. An individual holding the full Life Agent
license is an agent of the insurance company, and acts on behalf of and receives compensation from the insurance company. An
insurance company completes the task of appointing licensed agents by filing a Notice of Appointment form with the California
Department of Insurance. A fully-licensed Life Agent is allowed to transact the following lines of insurance: life, annuity, disability,
health, long term care, and workers' compensation. Visit the California Department of Insurance to learn more about the Life Agent Insurance Licenses. |
Let's play ball!
Fire and Casualty Broker-Agent
Insurance License A California Fire and Casualty Broker-Agent Insurance License provides that a person may act as an agent or broker
within the fire and casualty lines of insurance. A licensed Fire and Casualty Broker acts on behalf of and is compensated by an individual other than
an insurance company. This individual can be a policy owner, insured, or other interested party. Before
a licensee can act as a broker, a $10,000 Bond of Insurance Broker must be on file with the California Department of Insurance.
A licensed Fire and Casualty Agent is an agent of the insurance company, and acts on behalf of and
receives compensation from the insurance company. An insurance company completes the task of appointing licensed
agents by filing a Notice of Appointment form with the California Department of Insurance. Visit the California Department of Insurance to learn more about the Fire and Casualty Broker-Agent Insurance License.
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For More Information Mary welcomes your call at (925) 979-9972. She looks forward to
discussing your concerns and Fouts Financial Group services.
Fouts
Financial Group . Mary Rae Fouts, EA, CFP® . 1547 Palos Verdes
Mall #407 . Walnut Creek, California 94597
Telephone
(925) 979-9972 . Facsimile (925) 979-9970 . mary@foutsfinancialgroup.com . CA Insurance
License 0C24544
© 2003 to 2012 by Mary Rae Fouts;
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