Mr. Family Business OwnerFebruary 15, 2019
Situation: Mr. (57 years old) and Mrs. (56 years old) Family Business Owner purchased a $5M Survivorship Universal Life (SUL) policy paying an annual premium of $48,000 a year. The policy has an Option 2 death benefit meaning the death benefit increases as the policy’s cash value grows. When purchased, the agent showed the cash value performing at a rate of 8% annually.
2019 Top Workplace AnnouncementFebruary 12, 2019
TDC Life is thrilled to announce that we have been recognized as a Top Workplace by the Toledo Blade for the second consecutive year. This is only made possibly by the hard work and dedication of our amazing team who help foster a challenging, fun, and collaborative work environment each and every day.
2019 Tax Reference Sheet Now AvailableFebruary 5, 2019
Our 2019 tax reference sheet is now available. This quick guide offers information you'll need to know for the upcoming year.
Key Person Disability Protection (Video and Case Study)January 24, 2019
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.
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.