What the Tax Cuts and Jobs Act of 2017 Means For Privately Held Business Owners
The Tax Cuts and Jobs Act of 2017 was signed into law December 22, 2017, to benefit businesses, individual taxpayers, and families.
The primary beneficiaries of The Act are business owners of privately-held corporations and pass-through entities. As a result, most business owners now have more planning options.
2018 Whole Life Insurance Dividend Rate Annoucements
Most insurance companies have announced their 2018 whole life insurance dividend rate and payout for the upcoming year.
This years announcement is trending with continued declines in declared dividend rates for most companies. Some companies have made it easy to learn what the dividend rate will be for the upcoming year. Others, prefer to hide the information or just not publish it at all.
What Life Insurance Carriers Don’t Want You To Know When Your Mortality Is In Question
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.
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.
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.
What is a Life Insurance Retirement Plan (LIRP) and How Does it Work?
A Life Insurance Retirement Plan (LIRP) is a tax-efficient way for indviduals to save for retirement by providing income you can enjoy during your lifetime.
It effectively allows you to protect your loved ones while saving for retirement. It can be a good solution for high income earners maximizing qualified plan contributions.
How Your Permanent Life Insurance Policy Could Terminate Before You Die and What You Can Do to Stop It From Happening
Taking the time to complete a life insurance policy review can be critical.
Changes to policy dividend and crediting rates can have a significant impact on a policies performance.
Failure to do so can result in a policy lapsing before the insured dies.
The Flexibility and Benefits of Universal Life Insurance
Universal life insurance is the most flexible and inexpensive way for individuals to secure permanent life insurance coverage with cash accumulation.
Policy owners are able to adjust premiums and death benefits to meet their specific needs.
The Ultimate Guide to Life Insurance for Estate Planning Using an Irrevocable Life Insurance Trust
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.
When properly structured, proceeds from a life insurance policy are completely tax free.
Northwestern Mutual Struggles Continue – Should Policy Owners be Worried?
Northwestern Mutual announces they will be laying off hundreds of employees by March 31, 2017.
This announcement comes a few months after Northwestern Mutual announced they will be reducing their dividend scale interest rate by more than 8-percent for all Northwestern Mutual dividend based insurance products.
7 Advantages of Term Life Insurance for Family Protection
Term life insurance is the easiest and most affordable way to protect against the financial loss of a parent.
Term life insurance is the most sensible solution to the problem most families are trying to solve – making sure your family would be financially secure if something happened to you or your spouse.
Why Convertible Term Life Insurance Matters And What You Need to Know About It!
A convertible term life insurance policy allows a policyowner to convert a term policy to a permanent policy without underwriting.
This is a valuable benefit for insureds who need coverage beyond the guaranteed period of their existing term coverage. Especially if the insured has had a change in health or is no longer insurable.
What The Northwestern Mutual Dividend Rate Reduction Means For Policyowners
On October 26, 2016, the CEO of Northwestern Mutual announced a .45-percent dividend scale interest rate reduction to its policyowners.
The scope of this reduction will negatively impact the performance of all dividend based Northwestern Mutual policies.
Life Insurance and Estate Planning: A Look Into A Post-Election Crystal Ball
Every election cycle creates uncertainty for the life insurance and estate planning industries. People needing one or both planning tools often hold off on making any decisions until the election has ended.
If we have learned anything about estate taxes it is to expect the unexpected – regardless of who is in office.
![Do Parents ACTUALLY Need Permanent [Whole] Life Insurance?](https://mericleco.com/wp-content/uploads/2016/10/life-insurance-parents-1-400x250.jpg)
Do Parents ACTUALLY Need Permanent [Whole] Life Insurance?
You’ve reached the stage of life where if something happened to you it would have a negative financial impact on somebody else.
Life insurance is the most common solution. Determining how much and what kind of life insurance can be confusing. This post uncovers the common sense path to securing life insurance.
Life Settlement vs. Surrendering Your Life Insurance Policy
A life settlement is a transaction where an existing life insurance policy is sold to a third-party for fair market value.
While some people may grimace at the idea of having somebody else own an insurance policy on their lives, others will gladly accept the risk based on how much a buyer may be willing to pay to own the policy.
![[Case Study] How Life Insurance Premium Financing Can Save You Millions](https://mericleco.com/wp-content/uploads/2016/10/premium-financing-case-study-1-400x250.png)
[Case Study] How Life Insurance Premium Financing Can Save You Millions
Life insurance premium financing allows ultra-affluent families to secure life insurance coverage by borrowing ongoing premium payments.
When taking advantage of premium financed life insurance – the bank makes premium payments to the insurance company.
The Ultimate Guide to Indexed Universal Life Insurance
Indexed Universal Life Insurance offers a unique alternative to more traditional permanent life insurance policies.
Indexed universal life insurance can provide indexed market returns while limiting downside risk. This in turn can impact the amount of premium, numbers of years to pay premium, and/or policy cash value.
![[FACT] There Is No Such Thing As A Section 7702 Plan](https://mericleco.com/wp-content/uploads/2016/09/7702a-plan-400x250.png)
[FACT] There Is No Such Thing As A Section 7702 Plan
Internal Revenue Code Section 7702 provides definitions and guidelines for what is and is not considered a permanent life insurance policy.
A Section 7702 Plan is a term used by promoters and marketers to disguise the fact their trying to sell you life insurance. These deceptive practices are deplorable and ignorant.
