Published Articles Archives

Wealth Management - 2024 Midyear Outlook

Aug 16, 2024

The aftermath of COVID-19, the rise of AI tools, and new regulations are transforming how consumers engage with life insurance. Many of the largest wealth management and investment firms now offer independent consultative platforms for financial advisors and Registered Investment Advisors (RIAs) to partner with firms that specialize in services outside their wheelhouse—like longevity analysis and valuation of life insurance assets. It can be a valuable tool for planning firms aiming to thrive by providing comprehensive solutions. Whether preventing financial disaster or optimizing asset allocation for high-net-worth families, the life settlement market can be crucial in comprehensive financial planning and business growth.

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FINRA Bulletin Uncovers Blind Spots About Life Settlements

Jun 18, 2024

As an estate planner or investment advisor, you may be faced with a client who asks you for advice about considering a life settlement for their insurance policy. A life settlement is an option for a policy owner to sell and exchange their life insurance policy for a lump sum payment that’s higher than the cash surrender value and less than the death benefit.

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Wealth Management Article - 2024 Market Outlook

Dec 29, 2023

Historically, uncertainty in financial markets increases life insurance lapse activity. Think about your parents and the large number of baby boomers who are retiring every day or already retired. What are they worried about? According to the 2023 Transamerica Center for Retirement Studies Report, the most often cited retirement fears are declining health that requires long-term care (36%), Social Security will be reduced or cease to exist in the future (36%), outliving their savings and investments (35%), possible long-term care costs (30%), not being able to meet the financial needs of their family (30%), and cognitive decline, dementia, Alzheimer’s Disease (29%).

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Wealth Management Article - 2023 Mid-Year Outlook

Aug 24, 2023

Advisors are asking their compliance departments, “How can I tell my clients that I provide comprehensive and holistic financial planning, yet not disclose the life settlement option when it is appropriate?” With an aging population, many clients prefer to receive a buyout of their existing life insurance for an amount that is higher than their cash surrender value, providing liquidity for investments and other retirement needs.

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Maximizing Life Settlement Value Through a Policy Auction

Jan 24, 2023

Life insurance can be the largest unmanaged asset a client owns. Policy owners allocate significant liquidity on an ongoing basis, often long after they transition out of the original need that the policy was put in place to protect. Discussing the opportunity to take an illiquid asset and monetize it when clients are going through a financial transition, whether to fund business, retirement, long term care or charitable endeavors, can be a powerful client conversation.

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Trust & Estates: Life Insurance Triage in the Age of Coronavirus

Apr 09, 2020

Fiduciaries can take some preliminary steps to identify at-risk clients, starting with asking clients three questions.

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Tax Adviser: Spotlight on Life Settlements

Jun 08, 2019

Tax practitioners who are wary about discussing life settlements are not alone. Learn more about getting the best value in a life settlement transaction.

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Trust & Estates: Tax Reform Drives New Discussions About Life Settlements

Apr 09, 2018

Two provisions in the 2017 Tax Cuts and Jobs Act, the doubling of the estate tax exemption and more favorable tax treatment for the policy owner selling their policy, are the reasons the life settlement community is excited about the Act.

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Trust & Estates: Willing Buyers Change the Face of Life Insurance Valuations

Feb 09, 2018

The new tax law increasing estate tax exemptions is one in a series of recent changes that are impacting seniors who’ve previously deployed life insurance strategies for estate and tax planning.

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Trust & Estates: Are Your Senior Client's Finances About to be Trumped?

Nov 09, 2017

Any determination regarding whether to move forward with the purchase of new life insurance or how to handle existing coverage greatly depends on what happens with federal estate tax repeal.

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