A Conversation with Jim Poolman [Editor’s Note: Jim Poolman is Executive Director of the Indexed Annuity Leadership Council, a coalition of life insurance companies that offer fixed indexed annuities (FIAs). He outlined the benefits of this stable retirement savings vehicle for the readers of Financial Poise.] What are Fixed Index Annuities (FIAs)? FIAs are contracts […]
The legality of investing in life settlements* (also referred to as a “life settlement”) traces back to a 1911 Supreme Court decision, Grigsby vs. Russell, 222 U.S. 149. In Grigsby, a life insurance company refused to pay out the death benefit proceeds on the grounds that the policy had previously been sold to a third party who had no insurable interest in the insured.
This article introduces the private placement life insurance industry and reveals planning opportunities for its products in a Trump presidency—especially in light of his proposed tax reforms.
On a bright August Sunday in 2015, Brian and Denise Neighbor, and their three children, were invited for swimming and a barbecue. It was held at the home of Matthew and Tyra Friend, who have three children of their own. The Friends recently added an in-ground pool, and most weekends the two families would spend one or both weekend days at the Friend home. But on this August Sunday, something went wrong. Everyone knew it when Matthew Friend bolted into his house, screaming for someone to call 911.