Shepard Insurance Insights
A ILIT Tune up is in order
It is clear that the “Tax Cuts and Jobs Act" of 2018 has increased the point of concern for estate tax planning to beyond $20m for married couples. But the use of an Irrevocable Life Insurance Trust continues to have planning value, especially with the sunset clause in the tax change pending in year 2026. [...]
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Global Warming should suggest a Coverage Refocus
It’s of little surprise today that Global Warming is real, and ultimately, is having a significant impact on weather patterns. Intense storms are becoming more regular, and some with catastrophic results. Whether the issue is the wind damage of a hurricane, the water damage of torrential rains, or the property damage from a wild fire, [...]
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NYC Insurance & Plumbing Disasters – Case Study
When it comes to insurance, it is rare in NYC that there is a fire, or in 24 hour security buildings, even more rare to have a burglary. But water damage is another issue. Whether aging building infrastructure, or buildings being renovated, NYC is in the middle of what we refer to as a “Water [...]
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Ten Basic Tenants of Fireworks
In that fireworks disasters cause on average 18,000 fires each year, and nearly $43m in property damage, a few pointers on setting off fireworks: set off only by an adult always sober 15 to 20 feet away at ignition use eye protection use only legal fireworks, illegal are a problem in an accident away from [...]
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Indexed Universal Life(IUL) – 3 things to Examine in a Stress Test
Permanent Life Insurance comes in a number of variations, but they are primarily built on the underlying investment and the performance of that asset. If Indexed Universal life is the contract of choice, there are some critical components that need to be identified and monitored to secure lifetime benefits. Here is what you need to [...]
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What kind of insurance does your client have?
If your client suffered a devastating property loss like this, would you wonder, did they have good insurance coverage? And that is an important question, because inadequate insurance can compromise investment assets. A basic home insurance policy is not the right choice for your successful clients. When a fire occurs with a basic home insurance [...]
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