Keys to Dealing with Policy Loans

Regular reviews of inforce life insurance policies are essential and can uncover important planning opportunities.  While conducting a policy review, advisors may uncover an older policy that has a significant policy loan. If not addressed, these policies can become a tax time bomb.  When it comes to policy loans there are 4 available options to weigh, all of which have their own set of benefits and considerations.


March 2018 LTC Newsletter

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LTC in the News

The word is spreading. Major news outlets are letting the American people know the importance of long-term care planning. Are you? Here are a few recent third-party articles.


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.

February 2018 LTC Newsletter

LTC-Newsletter-Header-Blog

LTC in the News

The word is spreading. Major news outlets are letting the American people know the importance of long-term care planning. Are you? Here are a few recent third-party articles.


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!


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