The Importance of Life Insurance Policy Reviews
A life insurance policy review is an important process that will help you understand your current coverage and make sure it still meets your needs. While owning a life insurance policy may seem pretty straightforward, some policies can be extremely complex. When we...
High Net Worth Life Insurance Estate Planning
When it comes to estate planning, life insurance can be an important tool for high-net-worth individuals and families. Often, life insurance is used to help provide liquidity for estate taxes, provide estate equalization, pay for ongoing expenses, and help maintain...
What Are The Different Types of Life Insurance Policies?
Life insurance policies can be very simple or extremely complex given the circumstances. Much of this is a function of the type of policy and how it is being used.
Irrevocable Life Insurance Trust (ILIT) for Estate Planning
Life insurance owned by an irrevocable life insurance trust (ILIT) can be the easiest and most efficient way to reduce estate taxes and preserve your wealth.
What is a Life Insurance Retirement Plan (LIRP) and How Does it Work?
A Life Insurance Retirement Plan (or LIRP) is a tax-efficient way for individuals to save for retirement by providing income you can enjoy during your lifetime.
Premium Financing Life Insurance
Life insurance premium financing is the process of borrowing money from a third-party lender to pay for large life insurance premiums.
What is a Term Life Insurance Conversion?
A term life insurance conversion allows a policy owner to convert their existing term insurance to a permanent life insurance policy.
The Benefits of a Life Insurance 1035 Exchange
A life insurance 1035 Exchange is a tax-free transfer of policy values from a life insurance or annuity policy to a new policy. This allows policy owners to avoid taxation on policy gains from the old policy to the new policy. Section 1035 of the Internal Revenue...
A Guide to Understanding Indexed Universal Life Insurance (IUL)
Indexed Universal Life Insurance is one of the most complicated life insurance products in the marketplace.
This guide explores the different factors that can have a significant positive or negative impact on a policy’s performance.
The Definitive Guide To Split Dollar Life Insurance Arrangements
A Split Dollar Life Insurance Plan is a sophisticated strategy that can help with the payment of life insurance premiums for executive benefits and estate planning purposes.
Split Dollar can be a great tool for a company looking to provide additional benefits to key employees, or for individuals interested in minimizing gift tax for estate planning purposes.
Naming Your Life Insurance Policy Beneficiary – Things to Consider
One of the most important parts of owning a life insurance policy is naming the beneficiary.
Properly naming the beneficiary of a life insurance policy can be a key decision to ensure the proceeds are distributed and used properly.
We have compiled a list of questions and answers to help provide additional guidance.
Ultimate Guide to Buy Sell Agreements with Life Insurance
A buy-sell agreement funded with life and disability insurance protects the owners of a business due to the death, disability, or retirement of its owners.
Buy-sell agreements are designed to protect the interests of all owner’s dictating when an owner can sell their interest, who can buy it, and what price will be paid.
Why You Should Consider Life Insurance with Long-Term Care, and What You Need to Know About It…
Life Insurance with Long-Term Care helps individuals reduce their financial exposure to a long-term care event, while paying a death benefit to beneficiaries.
The combination of life insurance with long-term care helps protect what’s most important: the quality of your life and your heirs.
Life Insurance and Mortality: What Life Insurance Carriers Don’t Want You To Know!
There are certain inevitabilities in life. Like it or not, one of them is death. When our own mortality comes into question there are always challenges and questions we must confront.
The goal of every insured with a permanent life insurance policy should be to die with as little money in their policy as possible.
Guidelines for Transferring Business Owned Life Insurance
There are several reasons a business may want to transfer ownership of a business or corporate-owned life insurance policy.
Before changing the ownership it is important to know the policy’s fair market value, understand any tax issues that may exist upon transferring ownership, and the best way to distribute the policy.
The Benefits of A Spousal Lifetime Access Trust (SLAT)
Spousal Lifetime Access Trust(s) are ideal for married couples with a potential estate tax liability who want flexibility in their estate planning.
A Spousal Lifetime Access Trust allows one spouse to be a beneficiary of the trust, while the other spouse is the grantor of the trust.
A Spousal Lifetime Access Trust (SLAT) allows a client to make irrevocable transfers of assets.
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[Case Study] How Crediting Rates Can Adversely Impact Life Insurance Policy Performance
Life insurance carriers current crediting and dividend rates on in force, permanent life insurance coverage continue to decline.
We are seeing a number of permanent policies fail to perform according to how they were originally illustrated.
It is important to have your permanent life insurance reviewed to avoid unforeseen consequences.
Low Interest Rates Causing Permanent Life Insurance (Universal and Whole Life) to Massively Under Perform
Crediting rates and dividend rates on permanent life insurance policies are at all-time lows and will likely continue to decrease.
The impact of these rates can be financially devastating for policy owners of permanent life insurance.
Reviewing your permanent life insurance coverage today can help you tomorrow.
Advanced Planning: Leveraging Sales to a Defective Trust Using Life Insurance
A sale to an Intentionally Defective Grantor Trust (IDGT) in combination with life insurance allows high-net-worth families to accomplish different wealth transfer goals with flexibility.
Learn how these techniques can help families solve wealth transfer, estate, and philanthropic planning goals.
Restricted Property Trust – A Tax Deductible Plan for Business Owners
A Restricted Property Trust is used by successful business owners to reduce income taxes and grow assets.
The ability to make Before Tax Contributions, Defer Taxes on Growth, and Access Tax Advantaged Distributions makes the Restricted Property Trust an attractive alternative to other employer-sponsored plans.
