Blog
The Four Levels of Gifting
Over the past several months we’ve experienced both legislative and financial market turmoil. On the legislative front after many late-night negotiations the House narrowly passed the “One Big Beautiful Bill” making much of the 2017 Tax Cut and Jobs Act tax legislation permanent. Like many, I closely monitored the portion of the bill dealing with […]
Want to Access Policy Cash Value? MEC Limits Become More Lenient
Situation: Over the years a number of life insurance carriers and marketing organizations have promoted the use of life insurance as a source of cash in retirement; accessing values when the market takes a down-turn on a tax-free basis and potentially restoring the borrowed amount when the market is up. Given the political and tax […]
DBS Names Tiffany Gross as Vice President, Chief Underwriter
Diversified Brokerage Services (DBS) is thrilled to announce that Tiffany Gross has been named its new Vice President, Chief Underwriter, reporting to Leah Mahoney, FLMI, PCS, NCCM, Executive Vice President, Operations. Tiffany is an exceptional addition to the team and is well-positioned to lead the Underwriting Department to greater success and innovation, ensuring continued growth […]
Jason Byers Joins DBS as Regional Sales Director for South Territory
Industry Veteran Brings Over Two Decades of ExpertiseDBS is excited to announce the addition of Jason Byers to the team as the new Regional Sales Director for the South Territory. With an impressive career spanning over twenty years in the insurance industry, Jason brings a wealth of knowledge and experience to this role.A Utah native, […]
How Can I Avoid the Three-Year Rule on the Transfer of a Policy?
Situation: I’m often confronted with the situation where an individual has purchased a policy on his or her life and retained an “incident of ownership” causing the proceeds to be included in his or her taxable estate. To avoid estate inclusion the insured may seek to transfer the policy to an ILIT. Unfortunately, certain transfers […]
It’s Time to Change the Focus of ‘Buy Term, Invest the Difference’ Arguments
If you have spent much time listening to financial pundits, you are probably familiar with the phrase “buy term and invest the difference.” This hotly contested concept has been widely discussed in the financial industry for years.1Proponents of this strategy believe that you should purchase a term policy, then invest the difference in premium between […]
