A while ago we wrote about a little-known problem for trust-owned life insurance (TOLI) trustees – clients living to age 100 – the maturity age for many older life insurance policies. The problem is that many policies in their portfolio will not pay out a full death benefit at maturity and the chances of insureds
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.
The last few years have been a tumultuous time in the life insurance trust business. The prospect base is shrinking after the Tax Cuts and Jobs Act raised the federal estate tax exemption from $5.49M to $11.18M per person. Today only 1 in 1,000 estates affected by the estate tax (1). The asset class has become
