Lina Storm, CLU®, ChFC®, MBA

Author Archives

Planning for a Non-Citizen Spouse: Life Insurance to the Rescue

Part of a Series on Planning for Foreign Nationals

Individuals who are residents of the United States but who are not citizens (commonly referred to as “resident aliens“) are subject to the same estate and gift tax rules as U.S. citizens. However, there are two important distinctions to consider when it comes to transfers between spouses who are not both U.S. citizens.


Foreign Nationals Spent $153 Billion in 2017 on U.S. Residential Real Estate: 4 Ways to Identity Them

The Foreign Nationals market is a large one if its appetite for all manner of U.S. real estate is any indication of size.

Consider that foreigners spent $153 billion in 2017 on U.S. residential real estate, or approximately 285,000 properties; this represents 10% of all of the U.S.’s existing home sales in 2017.  The majority of home purchases by foreigners were made in Florida, California, Texas, New Jersey and Arizona, by buyers from China, Canada, U.K., Mexico and India.  


May is Disability Insurance Awareness Month

Protecting Your Ability to Earn A Living

Anyone who is working and has financial obligations should consider disability insurance.


Top 5 Responsibilities of An ILIT Trustee: The Importance of Policy Reviews

An ILIT is an Irrevocable Life Insurance Trust, created primarily to own life insurance, and sometimes other assets. The trustee of an ILIT is the fiduciary of the trust assets. The trustee can be a family member (who is not the creator or ‘grantor’ of the trust), or an independent trustee at a bank, for example. Regardless of who is named trustee, the trustee has a fiduciary responsibility to manage assets for the benefit of trust beneficiaries.


3 Options for Dealing with Policy Loans

While conducting a policy review, advisors may uncover an older policy that has accumulated considerable cash value from which a significant loan was taken. On many of the older policies, if the loan remains, it may cause the policy to lapse prematurely. Not only will the policy lapse, but in the event the loaned policy has a gain on it, there will be taxes due. In this scenario, there are 3 options:


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.


Page 3 of 4First...234