When Trusts and Annuities Collide, Big Tax Damage Can Follow
Trusts and annuities can play powerful planning roles for clients, but when the two strategies collide, the tax consequences can be disastrous.
Avoiding the Tax Traps of 1035 Exchanges
A tax-free 1035 exchange of an annuity or life policy may seem like a good solution, but watch the numerous tax traps involved.
What’s Next for Variable Annuities After DOL Fiduciary Rule?
VAs will have to evolve once the DOL fiduciary rule is finalized. Fee-based VAs or rider-free annuities may fit the bill, Byrnes and Bloink write.
Optimizing Results With Whole Life and Indexed Universal Life Insurance
Insurance carriers are offering riders where an existing whole life feature — paid up additions (PUAs) — serve as an indexed product.
Combine ILITs With IRA Trusts to Maximize Inherited IRA Benefits
Estate planning for IRA assets can be complicated. An irrevocable life insurance trust with an IRA trust can provide a solution.
Due to LTCI's Cost and Need, Short-Term Care Insurance Takes Off
Half of all long-term care coverage is for less than one year’s worth of care. Enter short-term care insurance.
Deferred Income Annuities Can Double Payouts Later in Life
Using the no-refund variety of DIAs provides extra income but also has potential downsides.
With File-and-Suspend Dead, Maximizing Social Security Benefits
Start with the SSA’s own benefit calculator — and check clients' earnings history — before determining who should file and when, Bloink and Byrnes write.
Having It All? Combining Whole Life With Indexed Universal Life
Insurance carriers are adding an indexing feature via paid-up additions (PUAs) to their whole life insurance offerings.
Life Insurance Carriers Offer Premium Cuts for Individual Wellness Policies
Building on employer-sponsored wellness plans, these individual policies can also raise cash value of permanaent life policies.