Case Study: Mr. PC (Video and Case Study)January 17, 2019
The Situation: Mr. PC has Property & Casualty insurance with a popular national insurance company which had not been shopped around the market in over five years. Mr. PC has multiple homes and policies with different renewal dates and provisions. Conclusion: More can cost less. Contact us to find out how.
Dr. InsuranceJanuary 14, 2019
The Situation: The client had all the life insurance they needed but wanted an analysis of the policies they owned. They were unsure if they should keep their policies or drop their policies. If keeping, what was the best way to fund?
Split Dollar Solution for C Corp Business OwnersJanuary 10, 2019
In recent years, split-dollar life insurance arrangements have made a comeback as a key benefit strategy for businesses who want to incentivize their key employees. TDC’s Tyler Horning further discuss the effectiveness of split-dollar life insurance by sharing a powerful technique to use with business owners who have significant capital tied up in a C Corp and are trying to avoid the double taxation problem.
Mr. and Mrs. Long-Term CareDecember 26, 2018
The Situation: Mr. Long-Term Care (LTC) and Mrs. LTC client in late 60s. Successful business owner. Mrs. LTC wanted to make sure the kids would never have to care for them. Mr. LTC wanted to make sure the wife was taken care of if something happened to him.
Why Educating Grantors About Policy Mechanics Just Makes SenseDecember 21, 2018
As we’ve all heard before, there continues to be an overwhelming gap between the mechanics of one’s life insurance policy, and what typical policyowners truly understand about how their policy work. Here are some important reasons why TOLI Trustees should be reaching out to grantors to refresh their knowledge about policy mechanics as outlined by John Bikus of ITM Twenty First.
Key Person Disability InsuranceDecember 17, 2018
The Situation: A private equity firm lost a CEO of one of their key portfolio companies to a disability after he suffered a stroke. While the firm had purchased key person life insurance, yet this coverage did not protect them in the event of the stroke. They incurred a significant financial loss as the CEO can no longer perform his duties.
CEO Income ProtectionDecember 17, 2018
The Situation: Client sought to provide income replacement coverage for a high-powered CEO. Working with an individual whose earnings exceed $1.3 million annually, traditional disability carriers were insufficient due to the client’s high earning and current age.
CEO Fraud Prevention ManualDecember 10, 2018
It’s ruined the careers of many executives and loyal employees. Successful CEOs have been fired because of it. Stock prices have collapsed. IPOs and mergers have been taken off the table. Known as CEO fraud or the Business Email Compromise (BEC), the FBI reports that it this type of cybercrime has victimized more than 22,000 organizations worldwide and is responsible for losses of more than $3 billion.
Important News: IRS AnnouncementDecember 3, 2018
In the midst of the holiday season, the IRS has handed out a gift to wealthy clients last week by officially announcing that there will be no "clawback" of any unified credit used before 2026 when the exemption reverts back to a $5M exemption. Learn more by reading Advanced Markets contributor Carly Brooks’ short article on what this means for clients.