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. It’s almost a certainty that a provision to repeal the federal estate tax will be included in the initial tax reform proposal considered by Congress.

Senior plans may “go awry” because of increasing longevity, but with a customized life expectancy analysis, planners will be able to help their clients make midcourse adjustments to minimize potential damage.