Tuesday Tips – March 3rd, 2015
North American Rate Decrease
North American has announced rate decreases affecting several of their fixed index annuities. The new rates will take effect April 1st. Call today for an update rate sheet and additional product information.
Athene Rate Decrease
Athene is reducing rates on several of their annuity products effective March 9th. Call today for an update rate sheet.
Leveraged Cash Flows
Life insurance is often used for key man, deferred compensation, buy sell, etc. arrangements. While most of these types of plans are self funded either from the employee or employer there exists an additional option. Commercially financing these types of arrangements can create significant leverage as well as preserve the tax free status of future distributions out of the insurance plan. In addition to this these types of structures can be designed to be self collateralizing. Give us a call today to discuss.
Robert Benmosche Passing
Robert Benmosche recently passed away after a long battle with lung cancer. Mr. Benmosche was appointed CEO of AIG in 2009 and led the company through financial crisis that followed to include paying back the 182.3 billion taxpayer bailout.
Forethought TrustGuard Gold
Forethought has introduced an interesting Medicaid friendly life insurance product. This whole life product writes to age 99 and is a simplified issue contract designed for estate and Medicaid planning. Call for details.