8 May 2014 0 Comments

The Case of the Unecessary ILIT

A few years ago you may have established an Irrevocable Life Insurance Trust (ILIT) in order to provide liquidity for estate taxes.  At the time, the per-person exemption was only $1,000,000 but now the exemption is north of $5,000,000 and due to rise with the CPI.  The life insurance in that ILIT is no longer [...]

22 February 2013 0 Comments

When the Premium Stops

When the music stops the dance is usually over.  When the premium stops, the life insurance may not be over.  At least that’s true with policies other than term insurance. Policies that develop cash values—and even some Universal Life contracts that do not—provide the policy owner with potential benefits even after premium payments have been [...]