Pulse on the Industry

DBS is committed to being your trusted partner, and as part of that we strive to be the most up-to-date source of information for you on current topics affecting financial professionals. Two current topics that are particularly timely, the SECURE Act and the more recent CARES Act, affect you and your clients significantly.

DBS Business Development Director Terri Getman, JD, CLU, ChFC, RICP, AEP (Distinguished) shares her perspective and provides a helpful analysis in several articles below, including a piece to share with your clients. We've also gathered information from a variety of sources such as AALU and our carrier partners.

RELATED LINKS

COVID-19 Resource Center

E-Solutions Resource Center

Opportunities to Increase Life Insurance Sales

With Joe Biden the 46th President, the Democrats maintaining the majority in the House, and control of the Senate also narrowly going to the Democrats, a number of changes are imminent. With these changes, however, we’ve identified a number of OPPORTUNITIES.

It is wise to consider how potential changes will affect the planning you do with your clients this year. Watch this page for more information and tools for taking advantage of the opportunities.

DBS Articles & Resources
- Post Election Tax Planning Opportunities
- Post-Election Tax Planning Strategies to Consider NOW
Gifting

The SECURE Act

The Setting every Community Up for Retirement Enhancement (SECURE) Act was signed by President Donald Trump in December 2019 and became law as of January 1, 2020. The new legislation brings changes for long-term retirement savings and affects Americans at every age. It also presents several opportunities for financial professionals.

DBS Articles & Resources
RMD Rules
Other Resources

The SECURE Act’s Impact to Financial and Estate Planning – Lincoln Financial Group

The SECURE Act: What you and your clients need to know – Principal Financial

What Every Financial Advisor Needs To Know About The SECURE Act Of 2019 – Prudential

The CARES Act – and COVID-19 Response

The federal government has taken a host of actions to provide relief to people and businesses affected by the health and economic effects of COVID-19.

Overview
- Overview of COVID-19 Legislative Response (I-III) – AALU
- Individual Provision – AALU
- Business Provisions – Principal Financial
- Explaining the Families First Coronavirus Response Act – Principal Financial
For Businesses
- I Got My PPP Loan. Now What – AALU
- PPP Certification & Disclosure – AALU
- SEC Says PPP Loans MAY require Disclosure to Clients – AALU
- Small Business Programs Overview – AALU
- Overview – Business Provisions – Principal Financial
- Which COVID Loans or Tax Credits Are Right For My Business? – AALU
- Which Small Business COVID-19 Programs Can I Combine? – AALU
- What is the Paycheck Protection Program and how do I calculate my loan amount? – AALU
- 5 Ways for Businesses to Cope with a Coronavirus Shutdown
- 4 Things for Businesses to Think About Amid Coronavirus Concerns and Market Volatility
Small Business Loans
- SBA – Loans – AALU
- SBA _ Loans – FAQs – AALU
Sick Leave
- Sick Leave & Family Leave – AALU
- Sick-Leave – FAQs – AALU
- Sick Leave – Employers– AALU
For Individuals
- Overview of Individual Provisions – AALU
- Overview of Individual Provisions – Principal Financial
- Answering your questions about market volatility – Principal Financial
Sick Leave
- Sick Leave & Family Leave – AALU
- Sick-Leave – FAQs – AALU
- Sick Leave – Employees – AALU

NEW!

PPP Loan Extension and Forgiveness

For clients still interested in applying for a Paycheck Protection Program (PPP) loan, there’s good news—the June 30 deadline has been extended to August 8 to apply. Principal’s decision guide can help you see how much you might qualify for, or if other funding options are a good fit.

And if you’ve received these funds, the PPP Flexibility Act now makes it easier to qualify for loan forgiveness. Learn more in this short video. Plus, these resources provide the latest information and tools:

Seven ways businesses can maximize loan forgiveness
PPP Expense Tracker to document expenses to receive forgiveness