PHL Variable rehabilitation update: On May 20, Connecticut Insurance Commissioner Andrew Mais submitted the second Accounting and Status report as Rehabilitator of PHL Variable Insurance Company (PHL) to the Connecticut Superior Court. The report updated the Court on the financial state of PHL and significant developments since the previous report that was filed in November 2024.
Responding to Connelly v. United States landmark Supreme Court ruling, Bob Finnegan, VP of Advanced Planning at M Financial, shared a perspective in Trust & Estates, exploring strategies for businesses to navigate tax implications of insurance-funded redemption agreements following the recent Connelly Supreme Court ruling.
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Carrier ratings offer insight into a life insurer’s financial strength and claims-paying ability—critical factors when evaluating long-term policy performance.
Fair market value plays a critical role in life insurance policy transfers and taxation. This guide outlines key valuation methods and important considerations.
Trust-owned life insurance has long been treated as a “set-it-and-forget-it” asset—but today’s economic realities demand more active, informed management.
Why DI right now? As high-income earners reach peak earning years, they may not realize the risk of disability increases as they age and become vulnerable to forced early retirement. This heightened risk occurs during a time that is crucial for focusing on increasing savings and investments and lessen risk to those assets with a comprehensive income protection plan.
In troubled times, the public has relied on the life insurance industry to steady the course. And with good reason.
A 1035 exchange allows you to replace an existing life insurance policy with a new one. This provision, under Section 1035 of the Internal Revenue Code, allows policyholders to transition into policies that better meet their financial goals while maintaining the tax-deferred status of their accumulated cash value.
A 1035 exchange is a strategic financial planning tool that allows policyholders to replace an existing life insurance policy with a new one while maintaining tax-deferred status. This provision under Section 1035 of the Internal Revenue Code offers significant opportunities for policyholders to improve their coverage, reduce costs, and enhance financial planning strategies. However, executing a 1035 exchange requires careful consideration to ensure that the transaction is in the client’s best interest and adheres to regulatory standards.
Your life insurance policy may have served you well at the time it was purchased, but policies—and your needs—change over time. At Tenzing Insurance Strategies, we specialize in reviewing existing life insurance policies to determine if improvements are available. Whether your goal is to reduce costs, enhance policy features, or address specific concerns, a policy replacement may be the right path.
This whitepaper explores why replacements are possible, highlights potential improvements, and shares real-life examples of how other clients have improved their policies.