Life Insurance Trusts in Estate Planning
First National Bank and Barnitz Bank outline how life insurance policies function as versatile estate planning tools. They explain unfunded and funded insurance trusts, compare insurance trusts with company settlement modes, and note the need to tailor use to tax and expense considerations for each case.
MENTIONED IN THIS ARTICLE
First National Bank
Barnitz Bank
Planning Ahead for Golden Retirement and Insurance Trusts
The article urges early retirement planning to avoid futility and to secure a fulfilling later life. It highlights key steps including satisfying activities, financial plans, and using life insurance as a tool, with a focus on coordinating insurance with pensions, investments, and estate needs. It also discusses insurance trusts to fund estate expenses and provide flexible, impartial administration for beneficiaries.
Choose agent who cares About life insurance and agent evaluation
Consumers should pick a reputable insurer with local offices and a broad portfolio. The agent acts as a key to matching needs through thorough fact finding, coordinating Social Security and employer benefits with private plans, and avoiding impulse purchases.
MENTIONED IN THIS ARTICLE
Jerry Michael Lincoln
National Life
Premiums invested to keep prices low
Premiums invested to keep prices low report details from the Institute of Life Insurance for 1974 breaking down dollar use: 52.5c to beneficiaries, 23.1c to policy reserves, 1.7c to surplus, 6.9c to agents, 10.1c for home offices, 4.6c in taxes, and 1.1c as stock dividends. The American Life Insurance Association projects $16.5 billion in new investments in 1975, supporting housing, energy, transportation, utilities, education, and medical facilities, helping keep life insurance costs down for policyholders.
MENTIONED IN THIS ARTICLE
Glenn C. Lane
American Life Insurance’ Association
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