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Showing posts from 2019

The Term Insurance Failure

Are you worried about your existing term life insurance policy that may be expiring without good options?  Maybe you still need this coverage for your family or business but the premiums will be much higher for a new policy? You’re older and your health may not be the same, or both. If you are unable to change your term policy into something more permanent and you are concerned about where you go from here, you're not alone. Millions of people in their 50’s and 60’s still need and want coverage but they feel trapped.
If you are facing any of these issues, there are solutions you should consider. Time is a factor, especially when it comes to conversion options that may be expiring. There is definitely a sense of urgency for many reasons. The sooner you speak with a professional, the better off you should be. Flexibility and options are important intangibles when selecting the right insurance policy.
Because we don't know how life will play out, it is impossible to "time&quo…

Estate Tax and Life Insurance

"Will the estate tax increase again or go away completely?"
"Will the exemption of $11 Million per person go back to $2.5 Million?"
These are the most common questions I am asked about how to plan for the impact of estate taxes in the future. There is no certainty and that can be frustrating. The estate tax and the exemption levels become part of the political dialogue and both have been whipsawed over the years.

There are some interesting strategies to consider that make sense under any scenario. Succession planning is most successful when you take advantage of maximum transfer amounts without taxation.

Life Cycle Financial Planners works with individuals, families and businesses to help them with succession planning, wealth transfer strategies and asset protection. We specialize in fixed indexed annuities for creating guaranteed lifetime income in retirement.
Contact Ted Bernstein at 561-869-4500.