Insurance Planning

How to Implement Life Insurance Under a Fiduciary Standard

Insurance products, except for a few rare exceptions, pay commissions to licensed advisors and agents. This creates the potential for a conflict of interest between the advisor and the client, since the commission is paid by a third party (the insurance carrier) and not directly by the client.  The concern is that an advisor would…

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Qualified Longevity Annuity Contracts (QLAC)- The Treasury’s Effort to Ease Managing the Risk of Outliving Retirement Funds

Actual IRS QLAC Final Regs A copy of the actual final regulations is linked above. This article is intended to provide accurate, detailed summary information about the QLAC regulations in the following areas: 1)      RMD changes resulting from the use of QLAC’s 2)      QLAC Definition and qualifications 3)      Planning implications Longer life expectancy, the shift from defined retirement plans with…

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