The 12 Million Dollar Illustration

The conventional wisdom among investment advisors is that if clients have planned appropriately, they will not need life insurance in retirement. It is commonly thought that upon reaching retirement, they will be free of debt, have plenty of assets on hand to replace lost income and leave to heirs as a legacy. This sounds like […]

Situation: In another Counselor’s Corner article, we discuss how Section 1035 permits tax-free exchanges of life insurance policies. That article provided a detailed discussion of how to structure a life insurance exchange to qualify for Section 1035 tax treatment. In a nutshell, to qualify or tax-free exchange treatment under Section 1035 the transaction must be […]

Situation: Many modern life insurance polices contain nonguaranteed features that must be managed and reviewed. Unfortunately, while consumers are aware of the need to manage and review their investment portfolios, financial advisors may find that clients have not reviewed their life insurance policies. When a policy evaluation is finally performed financial advisors may find a […]