Life insurance provides unique solutions to fill voids in a financial and estate plan. When combined with trusts, cutting-edge strategies enable planners to take advantage of the historically low interest rates, enhanced tax exemptions and creative legal techniques to achieve amazingly favorable results.
Although the current Gift, Estate, and Generation-Skipping Trust (GST) tax exemption is $11.7mm per person, President-elect Biden’s agenda calls for a $3.5MM estate tax exemption and a $1MM dollar gift tax exemption, along with increased capital gains and income tax rates. The uncertain legislative environment under a new Administration in Washington is motivating clients to take advantage of unprecedented opportunities to integrate life insurance into their estate plan to minimize taxes, and maximize wealth, for themselves and their families.
In this webinar, veteran insurance planner Bob Vandy, President of Advisors Insurance Brokers, and attorney Lou Pierro, founding partner of Pierro, Connor & Strauss will focus on the marriage of life insurance and trusts to illustrate some of the most potent planning techniques to serve and expand your client base.
Bob will cover:
• A basic life insurance overview
• GUL (Guaranteed Universal Life) – why?
• CAUL (Current Assumption UL) – why?
• Newer, creative riders on whole life – why?
• The efficient use of living benefit riders
Lou will cover:
• Traditional life Insurance Trusts
• Charitable Remainder Trusts with Wealth Replacement
• Parental Protection Trusts to hold life insurance policies with living benefit riders
• Intentionally Defective Grantor Trusts and Spousal Lifetime Access Trusts
• Beneficiary Defective Inheritors Trusts – The Ideal Cash Accumulation Vehicle
• Split Dollar and Premium Financing Techniques
