An Analysis of Premium Financing
- Substituting a Life Insurance Policy in an Irrevocable Trust. Harris, Richard L. // Trusts & Estates;Apr2012, Vol. 151 Issue 4, p54
The article discusses U.S. estate planning (EP) and the implications of substituting a life insurance policy in an irrevocable trust under U.S. Internal Revenue Service (IRS) Revenue Ruling 2011-28. The EP topics of grantor retained annuity trusts (GRATs), irrevocable life insurance trusts...
- 70+?Stop paying life insurance premiums. Blackman, Irving L. // Contractor Magazine;Jun2005, Vol. 52 Issue 6, p46
Provides information on Life Settlement/Repurchase or LIFSET, which eliminates or reduces life insurance premiums. Two-step process of every LIFSET; Brief overview about LIFSET.
- A Look Back at Life Insurance. Harris, Richard L.; Warshaw, Melvin A. // Trusts & Estates;Jan2012, Vol. 151 Issue 1, p23
The article focuses on changes made to U.S. life insurance laws in 2011. Information is provided on the 2010 U.S. Tax Act which increased an individuals gift and estate tax exemption and will expire in 2012. It is noted that irrevocable life insurance trusts (ILITs) can be used to transfer tax...
- Settling the score. Wickenden, Tony // Money Marketing;6/15/2006, p53
The article explains the calculation of exit charge when insurance premiums have been paid into a protection policy held on flexible trust in Great Britain. It points out that one of the fundamental features of a qualifying protection policy held on flexible trust is that regular premiums are...
- Tips for Evaluating Existing Life Insurance Policies. Littell, Robert // Journal of Financial Service Professionals;Jul2007, Vol. 61 Issue 4, p70
Evaluating most existing life insurance policies can be a complex undertaking and requires a combination of different kinds and degrees of knowledge of product information, advanced underwriting tools and techniques, and how reinsurance works, as well as some degree of medical underwriting...
- Trust-Owned Life Insurance: Policy Review and Funding Techniques. McGorry, Mark W.; Lassar, Stephen D. // CPA Journal;Feb2007, Vol. 77 Issue 2, p48
The article focuses on trust-owned life insurance. It says that an irrevocable life insurance trust (ILIT) can be used for payment of estate taxes, funding of state death taxes and charitable bequests. It emphasizes that trustees must analyze the factors to consider when evaluating the financial...
- A PLANNING DISASTER: A TEAM WITHOUT A QUARTERBACK. Burt, Marvin R. // Journal of Financial Planning;Apr95, Vol. 8 Issue 2, p81
Complex estates require someone such as a financial planner to serve as a "quarterback" for the estate-planning team. Otherwise, even the best-intentioned of plans can go awry. This article provides a case study of a real-life situation in which the disparate elements of a complex estate plan...
- When Defective Is Effective. MILLER, HARRY S. // Financial Planning;Mar1999, Vol. 29 Issue 3, p97
Provides information on the intentionally defective irrevocable trust, an estate planning technique developed by financial planners. Purpose of the strategy; Important points to remember when selling property to the trust.
- Irrevocable insurance trust valuable estate planning tool. Serra, James J. // Hudson Valley Business Journal;8/19/96, Vol. 7 Issue 8, p20
Discusses the importance of irrevocable insurance trusts for estate planning in the United States. Two celebrities serving as examples of poor estate planning; Features of federal estate taxes; Estate planning tools available to taxpayers; Features of irrevocable life insurance trusts.