key man – DBS

The Four Levels of Gifting

Level #1: Transfers Not Subject to Tax There are several transfers that fall outside federal gift taxation. You can make the following transfers without facing a gift tax: Anything given to a U.S. citizen spouse as long as the transfer qualifies under the marital deduction1 Donations to qualified charitable organizations made in a manner qualifying […]

LTC vs. Chronic Illness Riders: What’s The Difference?

Situation: Not that long ago, the only way to insure the risk of long-term care was through the purchase of a standalone long-term care insurance policy. While stand-alone long-term care products offered a variety of features allowing customization of a policy, many customers did not like the “use it or lose it” nature of the […]

Want to Improve your Client Relationships? DBS Can Help!

Your relationship with your clients is more than “just business.” Clients look to you to provide guidance on financial matters, including the amount and type of life insurance that is appropriate for their unique situation. This week, we’re sharing some key strategies and ways you can build relationships with clients. Plus, we recommend some product […]

Now is the Time for Key Person Coverage

Read our print-friendly PDF version Situation: A financial professional contacted DBS’s in-house advanced case design resource to brainstorm when to approach business prospects that had expressed an interest in discussing supplemental executive benefit arrangements for key employees. Prior to COVID-19 the financial professional ran a successful telemarketing campaign focusing on mid-sized corporations. The campaign specifically […]

A Business Does Not Need to Die At the Death of a Key Employee

Read our print-friendly PDF version Businesses are born when the market has a need and someone has a great idea for meeting the need. A product or service is developed and offered to the public. Over time, the skill, knowledge, leadership, and experience of the business’s key people make it possible for it to grow […]

Key Employee Life Insurance Checklist

Read our print-friendly PDF version The purpose of key employee life insurance coverage is to help indemnify a business for the loss of a key employee’s skills and experience in the event of the death of that person. Death benefits or cash values may be used to help recruit and train a replacement, to pay […]

Options When the Policy is Ready but the Trust Is Not

Read our print-friendly PDF version Situation: The recent outbreak of the Coronavirus has caused many people to think about their own mortality, causing a surge in estate planning and the purchase of life insurance. As a result, we are receiving a renewed interest in one of the most common estate planning techniques – that of […]

Multi-Generational Planning with Wealthy Older Clients During the Coronavirus

Read our print-friendly PDF version We’re focusing this month on the Silver Lining of the current business environment, and one of the biggest opportunities to present itself is estate planning. A recent case illustrates how DBS was able to provide a “creative solution.”

The Many Ways to Structure a Gift Transfer

Read our print-friendly PDF version The combination of depressed market values, extraordinarily low AFR and 7520 rates, and historically high gift/estate exemption of $11,580,000 opens the door to significant wealth transfer planning opportunities for high net worth individuals and their families. While making a gift of an amount equal to a large part of, or […]

The SILVER LINING to COVID-19 Impact

Read our print-friendly PDF version Now is the Perfect Time for ESTATE PLANNING for Wealth Transfer.