Interest in life insurance has grown in the last year as a result of COVID-19 as people have realized that they have a clear need for life insurance. In fact, 31% of consumers said they are more likely to buy life insurance because of the pandemic as the 2021 Insurance Barometer Study by LifeHappens and LIMRA shows. It is easier than ever before to obtain coverage with more and more digital processes. Take a look at the new findings here!
By Terri Getman, JD, CLU, ChFC, RICP, AEP (Distinguished) and Christopher J. Layeux, MBA, ChFC, CLU Premium Finance demand is surging and changes to IRC §7702 are an accelerant. On December 27th, 2020, the President signed into law the Consolidated Appropriations Act, 2021 (CAA). The legislation included changes to the interest assumptions used in IRC […]
2021 presents a unique opportunity for individuals to accomplish significant transfer tax planning. The reasons for this include the following: An individual can currently transfer $11.7 million of property without gift, estate, and generation-skipping taxes. The current top transfer tax rate is 40%. Several strategies utilize interest rates that are at historic lows. However, the […]
President Biden’s proposals, if enacted, will have a big impact on many planning strategies. Keep an eye on these proposals so that you’re prepared to work with your clients accordingly. Read full PDF