Life insurance

Appraisal and eventual sale on the secondary market of a policy no longer needed can make sense for older clients, says an industry expert.

Mechanics Bank in Walnut Creek, California, has signed up to be Inclined's first partner.

In a third alternative to an often vexing choice, the pension holder obtains enough life insurance to elect the single life pension at retirement.

Amid the pandemic, staying informed about life insurance strategies with trusts and estates is critical.

Policies held in grantor trusts would be subject to estate tax under Democrats’ plan, the latest blow to wealth management for the affluent.

Even professionals such as accountants and attorneys who may serve as trustees are unaware of the numerous risks that life insurance policies carry.

Using private placement life insurance to avoid taxes is getting more popular, some financial advisors say.

Once the cost of coverage is accounted for, the implied rate of return for investing through a return of premium term policy can be quite attractive, Derek Tharp writes.

Permanent life insurance has a bad reputation. Here’s what financial advisors think about its potential for retirement planning if taxes rise under Biden.

Companies that connect advisors and carriers are seeing a surge in use.

Both pieces of legislation have caused sweeping changes to retirement planning and wealth management.

The rule change is designed to have an impact in the fight against COVID-19 and applies only to donations made to charitable organizations, an expert says.

Advisors can protect clients’ estate planning goals post-Secure Act but the vehicle will have to change.

The Secure Act was designed to expand retirement savers’ options but it has subsequently all-but-eliminated the stretch IRA for beneficiaries. It's on advisors to make clients aware of the major change.

In one case, a 6-year-old owed $7,000 in federal taxes two years after his father, a U.S. Navy senior chief petty officer, died of a heart attack.

There are a lot of options — and potential missteps.

The law now creates a different method of caring for relatives while preserving the family’s financial plan, a John Hancock associate counsel writes.

The cost of Wells Fargo's scandals continues to rise as regulators from all 50 states forced the institution to pay hundreds of millions in penalties for the creation of fake accounts, improper enrollment in life insurance, force-placed auto insurance policies and other activities.

The regulator proposed a "clear and concise" summary for clients considering the products, but the impact appears limited.

Those concerned about financial shortfalls in old age may want to consider selling their whole life policy. Here's how advisors can help.