Life insurance

Some financial advisors and tax professionals with high net worth clients could find big advantages before the expiration of provisions of the Tax Cuts and Jobs Act.

The report casts a skeptical eye on the PPLI industry, claiming it functions as a tax shelter for a few thousand millionaires and billionaires.

What you don't know can hurt you as it pertains to your clients as well as your own life insurance portfolio.

Don’t get stuck doing ‘a quick review’ or checking what clients have already bought.

These policies create an excellent source for the payment of estate and other transfer taxes, as well as the augmentation of family income and wealth after the death of the senior generation.

Amid the pandemic, staying informed about life insurance strategies with trusts and estates is critical.

Policies held in grantor trusts would be subject to estate tax under Democrats’ plan, the latest blow to wealth management for the affluent.

The uber-rich are already using a trick to avoid paying the higher taxes proposed by Democrats, but it won’t work for the moderately.

Even professionals such as accountants and attorneys who may serve as trustees are unaware of the numerous risks that life insurance policies carry.

Many on Wall Street think they’ve found just the thing to hide from a tax hike.

Accountants will want to fulfill their fiduciary responsibility, while avoiding fiduciary liability.

Amid the economic crisis, many people are looking for sources of cash and can no longer afford their insurance premiums.

Both pieces of legislation have caused sweeping changes to retirement planning and wealth management.

Accountants should be engaging more deeply with business owner clients’ succession plans.

Premium financing can be a powerful tool, but it must be thoughtfully designed, well underwritten and thoroughly understood.

His analysis underscored how sweeping accounting changes coming in the next few years are raising questions for the life insurance industry.

When partners retire, maintaining client relationships and providing clear expectations are important building blocks for a firm’s sustained success.

Proposed regulations spell out the requirements under the Tax Cuts and Jobs Act, including some new forms.

You’ve no doubt been offered the opportunity to purchase inexpensive term insurance through your association, but what happens when you get older?

Make sure clients understand all the consequences, tax-related and otherwise, before taking action.