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.
CEO Income ProtectionDecember 22, 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.
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.
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.
10 Ways to Leave a Life Insurance PolicyNovember 26, 2018
Life insurance provides an extremely valuable form of protection; however, due to changes in a person’s life, there may no longer be a need for coverage. Maybe you are a policy owner who no longer wants or needs your life insurance policy but are not sure what to do.
TDC Receives Outstanding Corporate Philanthropy AwardNovember 21, 2018
TDC Companies was honored to join a host of Northwest Ohio leaders on National Philanthropy Day to receive the award as Outstanding Corporate Philanthropist by the Association of Fundraising Professionals Northwest Ohio Chapter. Congratulations to all of this year’s winners and out heartfelt thanks for helping make Northwest Ohio a better place.