The Tools & Techniques of Life Insurance Planning, 8th Edition

Life insurance remains one of the cornerstones of financial planning. If you provide life insurance to planning to clients, or are looking to expand your business in this key area, this book is a must-have.Written for a wide range of professional planners, such as insurance producers, financial planners, tax advisors, and estate planners, the expert authors of The Tools & Techniques of Life Insurance Planning apply the trusted Tools & Techniques approach to all aspects of life insurance planning, including:The primary reasons for using life insuranceIllustrations of 1035 exchanges and the various tax rules that can result in unexpected tax liabilitiesPlanning techniques for retirement income needs, estate and gift tax avoidance, estate liquidity needs, and long-term care planningPlanning techniques for individuals and businesses, including key personnel policies and buy-sell agreementsPlain-language descriptions of potential tax consequences and strategies that plans can use to minimize tax liabilitiesDetailed explanations of how life insurance funds are allocated between charges and investment accounts and how different investment options are calculatedNew in the 8th Edition:Completely updated tax and accounting information that incorporates the 2017 Tax Cuts and Jobs ActExpanded coverage of 1035 exchanges, including new improved valuation techniques that can reduce the time required to complete an exchangeIn-depth planning techniques for pension maximization and buy-sell agreementsDetailed discussion of annuity types and tax consequences, including QLACsIn-depth analysis of life insurance ridersPlanning techniques for using life insurance in qualified and nonqualified plansNew chapter on state best interest requirements for life insurance products, including New York's Section 187Topics Covered:How to Estimate the Insurance NeedHow to Determine the Right Company and PolicyLegal Aspects of Life InsuranceSpecial Policy Provisions and RidersDisability Income InsuranceLife Insurance Income Taxation and Planning OpportunitiesLife Insurance ValuationEstate Taxation of Life InsuranceBuy-Sell AgreementsDeath Benefit Only (DBO) PlanIrrevocable Life Insurance TrustsSplit-Dollar Life InsuranceCurrent Trends in Life Insurance PlanningAnd more! See the “Table of Contents” section for a full list of topicsAs with all the resources in the highly acclaimed Leimberg Library, every area covered in this book is accompanied by the tools, techniques, practice tips, and examples you can use to help your clients successfully navigate the complex course of trust planning and confidently meet their needs.