Meet the Team That Takes Care of You …We Have Lots to be Thankful for…December 15, 2020
We have so much to be thankful for with our dedicated team, state of the art technology, and premier business center….all of this is designed to provide you and your clients with our trusted “white glove” service…….come see it all virtually… I encourage you to watch this short video to get to know us better.
Where Will Your Cars Go, When You Do? Do you have a plan or a vision for your car collection?December 1, 2020
Many of our clients, even the most well-prepared from an estate planning perspective, have a gap in their planning when it comes to their cars. While it is important to know your options, it is even more important to understand the trade-offs associated with each option … I encourage you to watch this short video to understand this opportunity.
Year End Alert: Don’t Lapse! Don’t Overfund, & Don’t Forget to…October 7, 2020
On average, every year over $600 Billion* of life insurance death benefit lapses or is surrendered. These lapses can be intended or unintended but in either case the insurance company collected premium on a policy on which they will never need to payout a death benefit. Equally concerning, on average, 69% of life insurance policies have not had a performance review in the past 5 years.** These are policies where an insurance company is likely collecting either too much or too little premium; in either case, the INSURANCE COMPANY WINS!
The Time is Now! Five Smart Reasons Your Clients Should Focus on Life Insurance Before Year-EndSeptember 30, 2020
Proactive year-end planning starts now... Read Tyler Horning's valuable insights on year-end life insurance tips.
Generational Split-Dollar (“GSD”) White PaperJuly 10, 2019
As discussed in this memorandum, a properly structured and administered Generational Split-Dollar (“GSD”) plan may provide the following key benefits: Potential estate tax savings, pass significant wealth (in the form of life insurance benefits) to younger generations and tax free growth of the cash surrender value of the policy.
Non-Equity Split-DollarJune 5, 2019
In addition to purchasing new second-to-die policies inside a new ILIT, you may also wish to consider entering into a split-dollar arrangement with the ILIT. One of the principal benefits of this technique is that the gift between yourself and the ILIT as a result of you paying the premiums pursuant to a split-dollar arrangement should be considerable less than if you were to just gift cash directly to the ILIT allowing the ILIT to pay the premiums itself.
Case Study: Mr. ExecutiveMay 9, 2019
Mr. Executive had a close relationship with a high-end life insurance and estate planning firm from whom he acquired a recommendation, which included stacking multiple life insurance policies across six different carriers. Mr. Executive’s estate planning attorney encouraged him to obtain a second opinion from TDC Life, seeking our recommendations for improvements to the other adviser’s strategy.
Case Study: Multi-Life Guaranteed Standard IssueApril 12, 2019
Situation: National attorney firm with over 250 of the firm’s partners earning more than $1.2 million. The firm’s current Group LTD and Supplemental IDI Plan provided a $60,000/month benefit. With such a robust foundational plan already in place, the firm sought to provide a voluntary disability insurance plan as an additional benefit for those partners who were underinsured. Our advisor sought to design a solution to provide a 60% income replacement ratio for those partners.
Succession: Are You Ready?March 14, 2019
A recent survey of advisors showed that 83% consider their business part of their retirement plan. However, 65% of those advisors have no succession plan in place and 89% have not appraised the value of their business. Couple this with an aging agent population trend and the result is an overwhelming need for many advisors to evaluate their succession plan. AdvisorNews’ John Hilton highlights several key succession planning strategies advisors should consider when planning for their ideal transition.