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Recently, the IRS announced inflation-adjusted figures for two important items in 2022: the Federal Estate & Gift Tax Exemption and the Annual Gift Tax Exclusion. These recalculations are completely separate from any potential legislative input from Washington, so – barring any new developments in Congress – these are the numbers we will be working with in […]
As legislation has bounced around Washington, the potential outcome on various estate and tax planning strategies has been center stage. One of the most important questions revolved around Grantor Trusts and their use.Read the latest article by our Estate Planning Specialist, Sean Link, JDConsider the Importance: What is a Grantor Trust?
Effective December 1, 2021. Full Announcement here.
SBLI will be introducing changes on December 15, 2021 to their Whole Life product portfolio.See full transition information here.
Announcement by John Hancock:In light of certain administrative requirements in New York related to business insurance (including but not limited to key person, buy-sell, partnership and policies to fund benefit plans), John Hancock is unable to accept applications for such insurance at this time. We are committed to meeting the needs in this segment of […]
John Hancock is pulling the PSUL product as of 1/1/2022. A repriced product will be introduced in 2022. Read full transition details here.
Congratulations to Lindsay Wallace!Lindsay is a member of our Case Design Team and attained the Certification in Long-Term Care (CLTC) designation. CLTC graduates have completed a rigorous multidisciplinary course that focuses on the profession of long-term care planning. We are proud to announce Lindsay’s accomplishment.
The significant and continuing level of change among the owners of insurance companies has created some concern among distributors, advisors, and policyholders regarding the ongoing viability of both in-force and future insurance policies or contracts. When an insurance company is sold there is less immediate change than meets the eye, for the following reasons…Full report […]
Massachusetts Mutual Life Insurance Company (MassMutual) announced an estimated 2022 dividend payout of nearly $1.85 billion – the highest payout in our company’s 170-year history. See full announcement here.
To comply with the new 7702 and 7702a rules, New York Life AD121 Whole Life (WL), Custom Whole Life (CWL) and Custom Survivorship Whole Life (CSWL) will be introduced on November 6, 2021, reflecting a new guaranteed cash value interest rate. In addition, the Children’s Insurance rider will be discontinued. To preserve the current versions […]
