Lina Storm, CLU®, ChFC®, MBA

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5 Roadblocks to a Retirement Plan: Life Insurance Provides A Flexible Solution

The best laid plan requires a hedge. And this certainly applies to retirement planning.

Even if clients are saving enough for retirement, there remain 5 roadblocks to a well-intentioned retirement plan that need to be addressed:


Top 10 Reasons for A Policy Review

Like other financial assets, life insurance policies require ongoing management. A policy check-in helps ensure life insurance policies continue to address a client’s changing needs and that the policies are performing as expected. A policy review also serves as a touch-point in an advisor’s relationship with clients.  Here are 10 reasons why a policy review is essential to the client-advisor relationship.


Keeping It ‘All in the Family’ with Life Insurance: Post 2017 Tax Act

Even after passage of the 2017 Tax Act, several common estate planning techniques that work well with low interest rates continue to be helpful for ultra-high-net-worth (UHNW) families to transfer legacies to future generations at minimal income, gift, estate and other transfer tax costs.  Even more importantly, and despite the estate tax cuts under the new tax act—which are set to expire in 2026– many affluent families, UHNW or not, desire liquidity for needs other than taxes– such as to repay debt, buy-out assets from one another, to equalize an inheritance, take care of a special need or circumstance, transfer a business interest, or even to replace wealth transferred to charity, for example.  To these ends, life insurance continues to work swimmingly with these strategies to create family liquidity efficiently.  Each of the approaches may have some of the following effects:

  • Discounting, if not completely eliminating, the value of the transfer for tax purposes;
  • Freezing an asset’s appreciation so it remains outside the taxable estate, creating an opportunity for additional tax-free gifts of the appreciation to be made;
  • Leveraging an asset’s income to create estate liquidity;
  • Minimizing income taxes by preserving basis, and;
  • Addressing non-tax issues, such as equalization, buy-outs, special circumstances and money management.

The 2017 Tax Act- An Overview Part II: Potential Winners & Losers

Lina Storm, CLU®, ChFC®, MBA- Vice President, Field Marketing at Highland Capital Brokerage follows up with additional insights into the new tax law with “The 2017 Tax Act- An Overview: Part 2.”

Over the next year many of the new complex rules of the Tax Act will be tested, after which the actual winners and losers will be revealed. Part 2 of our Tax Reform Spotlight explores these possible winners and losers and offers some context for your clients.

Learn more about what the 2017 Tax Act means for you and your clients- Download Now!


The 2017 Tax Act: An Overview Part I

The 2017 Tax Act brought sweeping changes for families and businesses. It will take some time before we see the full impact of tax reform given its complexities and limitations. Except for the corporate tax rate and several other provisions, the new tax rules are set to expire effective 2026 and will revert back to what they were before the 2017 Tax Act went into effect. Part 1 of the Tax Reform Spotlight series will provide a general overview of the new law.


Matters of the Heart and Life Insurance

Did you know:

  • Cardiovascular disease is the number one cause of death in the United States, accounting for close to over 800,000 deaths per year. It is also the leading cause of death globally, accounting for more than 17 million deaths per year in 2013.
  • Heart disease is not exclusively a man’s problem: Heart disease is the number 1 killer of women as well.
  • About 92 million American adults are living with some form of cardiovascular disease or the after-effects of a stroke.

Highland’s Bob Finnegan On “Hedging Against Threats to Wealth”

Bob Finnegan, Sr. Vice President, Advanced Planning Attorney with Highland Capital Brokerage spoke to an audience of high end financial advisors at the Elite Financial Advisor Conference on January 11 hosted by Janney Montgomery Scott. Bob addressed how current planning tools that were not adversely affected by the new 2017 tax act are ideally flexible and particularly suited to help clients hedge against all the threats to wealth, not just taxes—regardless of what happens in Washington.


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