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!
Situation Interest rates factor into the performance of many legacy and charitable planning techniques. So, over the past several years, the historically low interest rates, and the availability of higher gift and estate exemptions have provided a unique environment for certain legacy and charitable planning techniques. Specifically, in a low interest rate environment grantor retained […]
We’re focusing this month on Life Insurance and Family, with a special focus on generational planning. A recent case shows how the DBS team works for YOU to create solutions! Situation: An adult child desired to purchase a life insurance policy with a longterm care or chronic illness feature on his elderly mother to help […]
The Generation Skipping Transfer Tax (GST tax) is an extra tax on gifts or bequests from grandparents to grandchildren (or lower generations) that would otherwise skip successive gift or estate taxation. The GST tax rate is a flat 40% regardless of the amount of the transfer or the donor/testator’s gift or estate tax bracket. The […]