We continue this month to reflect back upon the past year, highlighting some of the most important topics and trends that made headlines over the year. This week, we also look ahead at just a few of the things we’re watching for 2019. Continued Growth of the Life-LTC Combination Market: According to LIMRA research, the Life-LTC combination market has grown to more […]
This December, we’re taking the opportunity to reflect back upon the past year – and what a year it has been. At the forefront of the conversation has been the passage of the Tax Cuts & Jobs Act (TCJA) at the tail end of 2017. The TCJA promised sweeping reform across the insurance industry, both […]
With the recent doubling of the estate tax exemption I’ve been asked, “Is it possible to get a life insurance policy out of an irrevocable trust (ILIT) when the terms of the trust no longer meet the needs of the grantor or the trust’s beneficiaries?” The answer is yes, but there are a number of […]
We’ve advised readers in the past against dropping existing life insurance policies simply because of the temporary increase in the estate tax exemption. Instead, now is the time to review existing policies, possibly simplify techniques or repurpose its use. Not sure how? Here’s a list of seven strategies for repurposing existing life insurance.
Now that the Tax Cuts and Jobs Act has become law, some of your high net worth clients might be asking you whether they should maintain/continue paying premiums on an existing life insurance policy purchased to help provide estate tax liquidity. In situations where permanent insurance is no longer needed because the need for the […]
A producer recently contacted DBS’s in-house advanced case design resource to discuss insurance structure for retirement age clients with $15 million net worth. The producer noted that the net worth was less than the current joint exemption ($22.4 million), but more than the prior exemption which is set to return in 2026. Also, the client’s […]