The nine lives of second-to-die

Second-to-die policies can help with estate taxes, but that’s far from all. Second-to-die life insurance, also called survivorship life, is most closely associated with the payment of federal estate taxes. In fact, it is accurate to say that such policies were created for that specific purpose. This is an industry, however, that is hard to … Continue reading

The 9 lives of second-to-die

By Louis S. Shuntich, J.D., LL.M for LifeHealthPro.com. Louis S. Shuntich, J.D., LL.M., is senior vice president, Advanced Planning, Lincoln Benefit Life Company, Second-to-die life insurance, also called survivorship life, is most closely associated with the payment of federal estate taxes. In fact, it is accurate to say that such policies were created for that … Continue reading

Making the Most of Gifting in 2012

Time is running out on an historic planning opportunity Time is running out on a historic opportunity to help clients gift more than ever to their beneficiaries while paying little, or even nothing, in federal taxes. When the New Year’s Eve ball drops at midnight to welcome in 2013, it may usher out the greatest … Continue reading

Use Caution When It Comes To Backdating Policies

Life insurance policies are priced on the age of the insured — the lower that age, the lower the price. Consequently, the practice of backdating policies has developed as a way of keeping down the cost of coverage, and one year can make a significant difference in some cases. Besides obtaining a lower price, another … Continue reading

Checklist for Life Insurance Beneficiary Designations

Checklist for Primary Beneficiaries  Is each specifically identified by name, date of birth, and Social Security /TIN Number?  Does the total of all percentage interests add up to 100%?  Is any beneficiary designated as “irrevocable?”  Is any beneficiary a minor?  If so, will there be a legal guardian, trust or … Continue reading