Tax Implications of Loan Pay-Off Using Policy Values Prior to 1035 Exchange

Weekly Advisor Newsletter

Recent Carrier & Product Updates

Life Insurance

08/08 Nationwide lunching a new life insurance product, Nationwide No-Lapse Guarantee UL II

08/06 LifeHorizons Guaranteed Whole Life no longer available effective 08/07/18.

07/31 Pacific Life substandard pricing advantage

07/27 Principal increased I&P limits for the medical and dental market.

07/27 Brand new immediate need LTC coming to Arkansas

07/24 Pacific Life repriced PL Promise term life

07/23 SBLI lower rates for cases over $500k

Annuities

08/03 Rate Increase - Participation rates as high as 54%

08/03 Legacy ClassicMark is now one of the few FIAs to issue to age 90.

08/01 Athene updates suitability process for smoother transfers

07/31 LTC annuity for clients who already need care.

07/31 MoneyGuard compensation increase.

Additional updates available on our website !

This Weeks Highlights

The Road to Normal

We’re in a new environment that could shift even more if markets sense the Fed is making a policy

mistake. This new backdrop calls for caution and selectivity, as companies now must earn investor

approval as markets adjust. This could create more risk and volatility, as the road to normal proves to be anything but.

Why the Key to the Broad Marketing Financial Crisis May Lay at the Bottom of a Coffee Cup

Today’s broad market clients need life insurance and they need you to help them make sense of their options. Read this article by Mike Shadler, Pacific Life's Vice President of Broad Market Operations to learn how to get the conversation started. Originally published in the August 2018 issue of Broker World Magazine. Reprinted with permission.

John Hancock Recently Released an Updated Field Underwriting Guide.

Click here to view the updated Field Underwriting Guide

View the companion flyers:

Tax Implications of Loan Pay-Off Using Policy Values Prior to 1035 Exchange

A hot topic we have been hearing about lately is 1035 exchanges that have loans attached to them. If you’re uncertain about what the tax implications may be with a loan payoff/rollover, ASA can help!

The most recent Lincoln Leader, provided 3 scenarios and the potential tax implications that policy owners should be aware of:

Carrier accepts loan
Carrier does not accept loan
Refund of excess amount

Let us know if you have a case with a loan and would like to learn more about the potential tax consequences that may be involved.

Recent & Upcpoming Webinars

Life Settlements After the Tax Cut & Jobs Act

PRESENTED BY

The ASA Group

DATE: Wednesday, August 15, 2018

TIME: 10:00 AM – 10:30 AM CST

OVERVIEW

In this quick, 30-minute presentation we will cover the following topics:

What are Life Settlements?
How are Life Settlements different today?
When Life Settlements make the most sense
Compliance and due diligence
Taxation of a Life Settlement

CLICK HERE TO REGISTER

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