Situation: The uncertainty of the estate tax laws has created a dilemma for many taxpayers, estate planners, and insurance professionals. Should moderately high net worth couples take action today to shelter a significant amount from estate tax (under the $11.7 million exemption) by making a large gift; or should they hold off making a large […]
Situation – With the amount sheltered from estate tax (exemption) at a historic high of $11.7M ($23.4M for a couple), many high net worth households are looking for opportunities to minimize their federal or state death tax exposure by gifting assets during their lifetime. By gifting assets when the exemption is high, a high net […]
In celebration of the holiday season, we like to lighten the mood rather than tackle a highly technical aspect of insurance. As a financial professional, you’re likely aware of the benefits life insurance provides and know how it can provide an income stream in the event of an unexpected death. Santa Claus provides a lighthearted […]
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 […]
Read our print-friendly PDF version Wouldn’t you know that a law that was just enacted on December 20, 2019 has just been modified for 2020 only by the CARES (Coronavirus Aid, Relief, and Economic Security) Act. While most of the CARES Act is devoted to providing economic stimulus to businesses hurt financially by COVID-19 virus, […]
Read our print-friendly PDF version Situation: The demise of stretch distribution is here! So, what should financial professionals be doing now? At a minimum you need to understand how the RMD rules work today so you will be in a position to discuss the impact changes will make on your clients’ plans. Unlike the lifetime […]
Terri Getman, JD, CLU, ChFC, RICP, AEP (Distinguished), DBS Business Development Director, was the featured speaker at a recent meeting. She joined Joel Johnson, CLU, ChFC, Field Relationship Manager presenting life insurance solutions and case studies to participants.