No-sell-buy-sell – Page 2

Goodbye Stretch, Hello Life Insurance

Read our print-friendly PDF version The general rule of thumb in the past for retirement savings was to use qualified plans to lower one’s current tax obligation, defer them in the present, and withdraw them in the future at a lower rate. A key benefit was that if the funds were not totally withdrawn before […]

The SECURE Act

Read our print-friendly PDF version The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed by President Trump in December 2019 and became law as of Jan. 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. This […]

LTC in Retirement

The Necessity of Long-Term Care in Retirement Planning When helping their clients formulate plans for retirement, financial advisors must now account for life expectancies into the early 90s. However, the simultaneous need for long-term care planning isn’t accounted for nearly as widely as it should be, considering the significant impact that long-term care expenses can […]

Long-Term Care Underwriting

Underwriting long-term care risk is very different from life insurance underwriting, and it all comes down to mortality vs. morbidity. Long-term care underwriting looks at morbidity risk, which takes into account medical impairments that impact a client’s ability to perform daily living activities which would indicate a need for long-term care. Life underwriting, on the […]

The Long-Term Care Talk

The Importance of Planning for Long-Term Care Medical advancements have made living a long, fulfilling life a near certainty – and planning for that is a necessity. Health-related expenses can increase considerably with age, especially in the face of health problems requiring long-term care. When families don’t sufficiently plan for long-term care, they may find […]

Paying For Long-Term Care

Let’s face it: people are living longer than ever before. This increased life expectancy means that chances are high that many of your clients will be impacted by a chronic illness or an event requiring long-term care. Because of this, you need to prepare them financially. Continue reading our print-friendly PDF here.

Understanding the Percentage Limitations of Charitable Giving

Situation: Financial representatives who first start to work in the charitable market often have trouble understanding “How much can be deducted?” The confusion is understandable. While our income tax law encourages charitable giving by allowing charitable contributions to offset an individual’s taxable income, it also imposes annual limitations on the amounts that can be deducted. […]

Planning for Blended Families and Second Marriages

What 6 topics should your family consider?

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.1

What Common Buy-Sell Situations Give Rise to Transfer-for-Value Concerns?

Situation: Using life insurance as a funding vehicle for a buy-sell arrangement gives rise to several potential tax traps, especially in out-of-the-ordinary owner/beneficiary structures. To this author it seems that more than almost any other area, buy-sell agreement funding, modification, and termination give rise to potential transfer-for-value traps. This Counselor’s Corner discusses some of the […]