Shepard Insurance Insights
Category: Retirement Planning
A Better Understanding of Life Insurance Held in A Trust
A Better Understanding of Life Insurance Held in a Trust. Even with the new revisions to Federal Estate taxes, Trusts funded with Life insurance will continue to be a popular planning tool. Whether you focus on the sunset clause of the revisions in 2025, or the fact that most individual states still levy estate taxes, [...]
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Long Term Care – What the NAIC Knows That We Should Know
The National Association of Insurance Commissioners (NAIC) convened a task force in July, principally to address the future of traditional Long Term Care insurance policies. Traditional policies are those where you pay a premium for a specific benefit and duration, but you build no policy value. Specifically, the task force is examining legislation similar to [...]
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GUL – Guaranteed Universal Life
Should it come with a Warning Label?? Life Insurance companies have made a concerted effort over time to maintain a high level of consumer confidence in their products. The most common effort these days is to include a guarantee on the death benefit in the policy. In short, if you pay the premium required, your [...]
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An Extra Mouth to Feed – Selecting the Right Insurance Company
If your client is buying a Term Life policy to fund his ILIT, or Spousal Trust, you need not pay too much attention to the insurance company they choose, just make sure the company has solid financial ratings. Term policies can last 10, 20, even 30 years and they are rarely kept to the end [...]
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Long-Term Care Solutions
We are of the opinion that there is no consensus solution to the health care distribution and cost issue. Equally troubling is the rapid expense growth of the cost and the number of people needing Long Term care.
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