Pop quiz: What life insurance or annuity product has recently been alternatively classified by the states as a fixed annuity, variable annuity, financial guaranty insurance, and a derivative?
Discusses various forms and elements of reinsurance and how it relates to alternative risk transfer. The financial professional will gain a general understanding of the concept and how it applies to clients.
Do not make the mistake of assuming that Term UL is your father’s convertible term policy.
In a scathing attack on the financial advisory industry, Business Insider, Clusterstock contributor Andrew Haigney slammed investment advisory firms, calling their services “one of the greatest scams of our time.”
“A 64 Million Person Jobs Deficit” and Internet Job Tools – Going Global
Recently, the United Nations published new economic forecasts which reveals that persistent high unemployment, the euro area debt crisis and premature fiscal austerity have already slowed global growth and factor into the possibility of a new recession. The report reveals a “A 64 Million Person Jobs Deficit”. The biggest issue of 2012 is Employment and The Economy in this ever present GFC Global Financial Crisis.
The SEC recently redefined the accredited investor standard that is used to determine whether individuals are permitted to purchase insurance products such as Variable Universal Life (VUL) policies and Variable Annuities (VA) that permit investment in exotic, high-risk products such as hedge funds and private equity. The new definition effectively increases the net worth at which an investor may qualify to purchase these riskier products.
Illustrates basic terms and definitions of alternative risk transfer and how it relates to businesses and individuals. Introductory of a generally complex insurance subject, that relates to mostly all trades or businesses.
The trickiest part of this strategy is drafting the stock transfer and the S-corp’s constitutional documents to provide Ellen with a fixed income while also protecting Max’s interest in the business and avoiding adverse tax consequences for him. And although this strategy readily can be applied to a variety of flow-through entities (e.g., LLCs) and even entities subject to partnership, instead of an S-corp, taxation (e.g., limited partnerships), its application will change depending on the entity and the business’s ownership structure.
Martha and Mark are a married couple in their late sixties. They are concerned because Mark’s pension will dry up when he passes away, which would force Martha to drastically reduce her standard of living. Although their assets probably will be sufficient to support Martha for the rest of her life, they do not want to tap them unless absolutely necessary. Right now, the pension is substantial enough to supply most of their needs, leaving their other assets to grow and eventually pass to their beloved children.
Navigating a move without triggering a lawsuit can be challenging, but there is a protocol that provides advisors with a best practices guide when moving between firms.
