7 of the Most Common Life Settlement Situations

By Daxton Fryer, Senior Life Settlement Broker A life settlement can be a great alternative to accepting the insurance company’s surrender value, if any, for a policy that is about to be lapsed or surrendered. While there are many reasons a policy may be terminated, certain scenarios are the most common. Keeping an eye out for these situations is one more way for you to help your clients. 1. The sale of a business or other illiquid asset.   A policy bought for a buy-sell agreement or estate liquidity may become unnecessary. Compounding the problem is that the business was typically paying for…

Getting It Right the First Time

Download Printable Article By Jason Oshins, Financial Advisor, MBA This article tells the unlikely account of a second chance and presents a framework for making sure protection is airtight. 5, 4, 3, 2, 1.  The whistle blows.  At the count of “two”, my 9-year old son, Spence, kicks the soccer ball, and just as the whistle is blown, he’s on the ground writhing in pain.  I sprint onto the field to comfort him.  He says he can’t feel his wrist and can’t move his hand.  Rewind to exactly one week before.  I’ve been on the phone with his healthcare provider…

ABA Heckerling Reports from the 2016 Heckerling Institute

For the past 17 years, the American Bar Association Section of Real Property, Trust and Estate Law with the permission of the University of Miami School of Law, releases several extensive reports highlighting the various lectures and proceedings of the Heckerling Institute, one of the nation’s largest estate planning conferences, held every year in January. This past January 2016, marked the 50th Annual Heckerling Institute.  To view, download and access these extensive reports, please click here to visit the ABA’s website. Further, at the above website, you can also access reports from prior Heckerling Institutes as well. We, at The…

Creating Your List – Things to Talk About With Your Clients in 2015

It happens to all of us. We go to a wonderful conference; we see a great webinar; we read an important article – and then we plan to change the conversation with referral sources and clients. So, when the inevitable challenges of our personal and professional reality comes in, we end up singing the same old songs of wealth, estate tax, financial, and asset protection planning – thinking months later, where did the change in conversation go? Successful practitioners explain to us that the way their practice found stability and growth was through finding planning that they could execute on,…

Our Top 10 Best Articles on Financial & Life Insurance Planning

As part of our December 2014 Newsletter, we are featuring a special “Best Of” issue.  Below, you will find a list of our Top 10 Articles on Financial & Life Insurance Planning.  These articles are written by a variety of financial and estate planning professionals, as noted below. Some Magical Aspects of Life Insurance by Jonathan G. Blattmachr & Matthew D. Blattmachr Insurance as the Key Ingredient of the “New” Estate Planning Summary of a Live Presentation by Martin M. Shenkman, J.D., CPA/PFS, MBA, AEP (Distinguished) Life Insurance from the Estate Planning Attorney’s Viewpoint by Steven J. Oshins, J.D., AEP…

Some Magical Aspects of Life Insurance

By Jonathan G. Blattmachr & Matthew D. Blattmachr Life insurance is one of the least understood financial products in the world. In just a few minutes of study, one can reasonably grasp the concept of equity interests in a business (e.g., common stock, preferred stock), bonds and other forms of debt. Even more complicated financial products, such as derivatives and options can be readily understood. However, even some people who have spent a career in the life insurance industry do not really understand the financial aspects of this product. Indeed, after finishing a lecture on how life insurance “works,” a…

The Whole Story: The True Rate of Return of Permanent Life Insurance

By Jason Oshins, Financial Advisor, MBA Imagine your favorite epic film of all time – Superman, Godfather, Star Wars, or, if you ask your teenage daughter, Hunger Games. Each film draws you into a journey that only can be appreciated as a sum of many crucial parts unveiled methodically. Now imagine kicking back with your overly-buttered popcorn, being told by some sensory overload graphic to silence your cell phone, and watching your film, only to have the reel break after twenty minutes. Would you leave the theater with a full appreciation and understanding of the film’s brilliance? Absolutely not. Similarly,…

What’s the Truth About Life Settlements?

By Daxton Fryer, Senior Life Settlement Analyst Whether you call it a life settlement, a lifetime settlement or a senior settlement, Life Settlements have become a very popular option for today’s financial planners and trusted advisors and their clients who may want to cash out their life insurance policies.  Life Settlements have also become a powerful option for corporations, trusts and individuals who have poorly performing or thinly funded senior client policies.  This specialty is fast becoming a mainstream financial planning tool for insurance agents, CPA’s, tax attorneys, estate planners, elder law attorneys and trust companies.  As a financial professional,…

Top Five Life Insurance Myths

By Steven J. Oshins, J.D., AEP (Distinguished) Understanding life insurance is important for everybody in the estate planning industry. Whether you are a financial advisor, an attorney, an accountant or a banker, you have plenty of opportunities to help your clients make good life insurance decisions. With any complex topic, there are always myths that exist that cause people to make bad purchase decisions. The life insurance industry is no different than other industries in that numerous myths have been repeated over and over through the years. MYTH #1- Buying term insurance and investing the difference is better than buying…

5 Commonly Overlooked Uses of Life Insurance

By Philip J. Kavesh, J.D., LL.M. (Taxation), CFP®, ChFC, California State Bar Certified Specialist in Estate Planning, Trust & Probate Law | Volume 2, Issue 6 (June 2014) Now that fewer than half of one-percent of all estates face a potential estate tax, I have had life insurance agents (as well as financial planners, CPAs, and attorneys) ask me whether there’s any need for life insurance anymore in clients’ planning, beyond the still standard needs for replacing the income of a head of household or funding a business partner buy-sell agreement. Over my 30+ years of experience in advising clients…