Thursday, July 7, 2011

The ILIT Remixed

From FinancialCounsel.com - The ILIT Remixed: A Workshop With Vincent M. D'Addona:

"'The only disadvantage to owning life insurance in the estate,' said D'Addona, 'is that it is in the taxable estate and would be in the estate at the death of the second to die. However, when looked at holistically, if I were worth $10 million in assets built by the sweat of my brow AND I had $10 million of life insurance on my life as well, one could say that if I were to die now and my wife were to die in the same moment (obviously from grief), our total gross estates would be $20 million leaving a net $10 million to my children. This is the same result as if I were worth $10 million and had $5 million of survivorship life and we both died in the same fashion.'"

Applying Winning Fantacy Sports Strategies to Insurance Sales

From LifeandHealthInsuranceNews.com:

"More of a competition of mathematics, analytics, and gamesmanship than an appreciation or devotion to actual sports, fantasy sports has become a phenomenon since its advent 32 years ago, with an estimated 29 million participants in the US and billions of dollars exchanged annually."

Sound like anyone you know? :)