Deepening a CPA’s Holistic Advisory Skills Through Life, Disability and Long-Term Care Insurance Education

How often do you as a CPA and your colleagues think about life, disability and long-term care insurance matters as part of your role as advisors to your clients? If the answer is not very often, you should reconsider your position.

Avoiding Common Insurance Tax Traps Means Knowing What to Look For

There are significant taxable implications of life, long-term care and disability insurance policies. Without even knowing it, insureds can easily fall prey to an array of tax traps. In this article, we share 6 common insurance tax traps that you can help your clients avoid.

Considering the Benefits of a Forensic Life Insurance Audit and Analysis

Many individuals who have life insurance think they are adequately covered. Yet, time and time again, people purchase life insurance and never review it with a critical eye. Forensic life insurance audits and analyses can be implemented for all five primary categories of life insurance—term life, variable life, universal life, indexed universal life, and whole life. In each case, opportunities exist to optimize coverage and savings for your clients.

Understanding the Role of Whole Life Insurance as a Non-Correlated Investment and Retirement Asset

Whole life insurance as an investment allows an investor to spread their risk and realize portfolio appreciation while avoiding the invariable speed bumps that stock market investing presents. This is a wise strategy for investors of any age; but for those planning for retirement, it absolutely is worth pursuing.

Simplifying Mysteries Surrounding Long-Term Care Insurance

According to industry statistics, nearly 70 percent of U.S. adults will require some sort of personal assistance after age 65. This alone makes a strong case for long-term care insurance as a means to ensuring optimal care throughout one’s senior years.

Tax Reform’s Impact on Tax, Life Insurance, Pension and Estate Planning

The implications of the Tax Cuts and Jobs Act are multifaceted and impact wealth and estate tax planning to varying degrees. In this article, we offer some key takeaways as they pertain to personal wealth management, cor­porate and individual planning, life insurance planning and pension planning strategies.