As tax laws and related regulations grow increasingly complex and interconnected, staying current in life insurance planning has never been more challenging. The Tools & Techniques of Life Insurance Planning cuts through the complexity with clear explanations, practical charts, checklists, graphs, real-world examples, and authoritative references. Absorb even the most technical concepts and translate them into clear, client-friendly advice.
This book features:
- In-depth coverage of the full spectrum of life insurance products available to estate and financial planners, applicable across a wide range of planning situations
- Expert guidance on advanced strategies such as 1035 exchanges, the transfer-for-value rule, and leveraging life insurance products for effective charitable gift planning
- Practical planning strategies to address retirement income needs, minimize estate and gift taxes, ensure estate liquidity, and support long-term care planning
- Plain-language explanations of the tax implications of various life insurance products and strategies, along with practical approaches to help minimize tax exposure
New in the 10th Edition:
- Updates based on the One Big Beautiful Bill, including planning for the top 1% after enactment of the bill
- Enhanced discussion of Connelly v. United States, where the Supreme Court found that life insurance in a corporate redemption plan had to be included in the decedent's gross estate
- An overview of key planning techniques such as: Split premium bonus arrangements, Life expectancy loan regime split dollar, Generational split dollar, Spousal lifetime access trusts (SLATs), Life insurance retirement plan (LIRP), Insured controlled cross-purchase buy-sell arrangement
- Updated product descriptions, illustrations, and tables now showcase the most current life insurance product designs