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Life insurance and the family limited partnership

Article Abstract:

Estate planners using family limited partnerships (FLPs) should consider funding the FLPs with life insurance. FLPs are used to reduce gift and estate taxes, to provide a transfer of wealth to subsequent generations and provide asset protection for limited partners. Life insurance has traditionally been used to fund irrevocable life insurance trusts, but FLPs can be funded this way as well and offer greater flexibility. The tax advantages of transferring FLP interests stem from the minority interest and lack of marketability discounts that apply to such interests.

Taxation, Limited partnership, Limited partnerships, Family-owned business enterprises, Family-owned businesses

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Viatical settlements: perspectives of investors, regulators, and insureds

Article Abstract:

Viatical settlements involve the sale of an insurance policy owned by a person who is expected to die within 2 years to a group of investors for less than its face value. The settlement provides the person with cash while the investors make a substantial return upon the person's death, once the expenses of the firm handling the purchase are deducted. These settlements are often used by AIDS patients but medical advances may eliminate the settlements' investment value, undercutting a source of funds for AIDS patients.

Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Analysis, Finance, Terminally ill persons, Terminally ill, AIDS patients, Viatical settlements

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The pension maximization strategy

Article Abstract:

Several factors influence the desirability of the pension maximization strategy, wherein a retiree opts for buying life insurance rather than taking a joint-and-survivor pension. Available interest rates, the prevailing and expected inflation rates, and mortality are among the factors considered. Recent inflation trends make this option more attractive, while interest trends have a mixed influence. It is still a preferable strategy for some couples, especially for female or younger retirees.

Pensions, Retirement income

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