Blog2021-02-22T22:08:51-06:00

Life Insurance Based Dynasty Trusts Provide Much More Than Just Tax Advantages

Life insurance trusts today have lost some of their allure with the raising of the federal estate tax exemption amount. However, a specific type of life insurance trust can have much more than just tax advantages – advantages that last for generations. Most of us have read stories about the dissolution of family wealth over a generation or two. This can occur for several reasons, mostly because the family capital is not replenished because of bad business decisions or personal financial mistakes. There is a tax-advantaged vehicle that can leverage the current high tax exemptions for high net worth

Survey Points Out Why Family Offices Are Looking to the Life Insurance Trust Company as a Partner for Their Clients’ Life Insurance Trusts

The family office space has grown dramatically in the last few years. Today, there are over 2,300 family offices that have a minimum of $50 million in assets, which is up 23% from just a year ago. (1) The industry is exploding. These family offices provide a wide array of services to their clients, including the implementation of life insurance strategies as an impactful part of the estate plan, a high priority among the ultra-high net worth clients these firms cater to. According to a survey of 366 multi-family offices, nearly four out of five are outsourcing life insurance

Insurance Trusts – Are Your Clients in Good Hands?

The single largest personal investment for couples between thirty and sixty years of age is often their personal home.  The mortgage payment on a $400,000 home is $2,416 a month, the national property tax rate average is 1.19%, and the average homeowner insurance cost is $2,300.  When you look at the total investment over the span of 30 years, it is substantial. By comparison, our clients who have irrevocable life insurance trusts will make similar or greater investments between ages sixty and ninety as a part of their estate and succession plan.  According to ITM Twentyfirst Services and the data collected

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5 Reasons Why Top Life Insurance Professionals Are Utilizing the Life Insurance Trust Company

Top life insurance advisors – those who are Top of the Table or Forum 400 producers or aspire to be – do things a bit differently than other life insurance agents. They spot trends before others, see opportunities where others don't, and create advantages for their practice whenever they can. That is why so many are looking to the Life Insurance Trust Company as a home for the trust-owned life insurance (TOLI) policies they place. There are 5 reasons why top producers look to the Life Insurance Trust Company (LITCO): Like today's top producers, the professionals at LITCO are

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7 Reasons Why Life Insurance Trusts Will Always Make Sense

When Donald Trump signed the Tax Cuts and Jobs Act of 2017 (TCJA) into law in December of 2017, the estate planning market was altered. The law raised the federal estate tax exemption from $5.49 million to $11.18 million, and many believed the need for a life insurance trust to house their policy was diminished. However, even after TCJA, there are several excellent reasons to have a life insurance trust, and the policy owner should consider these facts. Political winds change. Yes, Donald Trump campaigned against the estate tax in 2016, and after the election, he did lower the

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