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November, 2007 Carrier
& Product News |
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AIG
Companies
Select Premium Financing:
A
program using their unique Elite Global Index
UL plan. Contact BUI Marketing for
details.
AXA Equitable
Life
Revised Athena
UL now in two versions, Athena-LPR is
a No-lapse guaranteed UL; and Athena-DB is
designed for death benefit and cash
accumulation.
Genworth
Companies
Total
Living Coverage is a new UL with a no-lapse
guarantees and long-term care benefits linked together in
one product. Perfect for the client wanting an
alternative to traditional LTC strategies.
John Hancock
Protection
ULG 07 is a repriced no-lapse UL plan. A
long-term care rider can be added. This
plan offers a 3-year non-smoker rate to smokers which
can continue upon cessation of smoking for 3
years.
Ultra
Plus '07 current assumption UL has been repriced
and updated for better cash accumulation
performance.
Ultra
Index UL, is a new indexed UL
product.
Announced more liberal underwriting consideration for
diabetes cases. Contact BUI's underwriter, Bob
Halsted for details.
Protective
Life
ProValue UL
focuses on cash accumulation with a no-lapse protection
rider if contract is fully loaned and meets other criteria.
Prudential
PRU
UL PLus has been repriced for more competitive cash
accumulations.
West Coast Life
This
carrier will offer Preferred rates after
just one year of smoking cessation for term and permanent
products.
Contact
BUI for details on all of these
products! |
|
Brokerage Unlimited, Inc.
P.O. Box 419006
St. Louis, MO 63141
314-392-2841 / 800-645-2841
(Fax) 314-392-2842
For Broker Use Only
Not intended for use by the general public
IRS
Circular 230 Disclosure : To ensure compliance with
requirements imposed by the IRS and other taxing
authorities, we inform you that any tax advice (whether U.S.
federal, state, local or otherwise) contained in this
communication (including any attachments) is not intended or
written to be used, and cannot be used, for the purpose of
(1) avoiding penalties that may be imposed on any taxpayer
(under the Internal Revenue Code, state tax law, local tax
law or otherwise) or (2) promoting, marketing or
recommending to another party any transaction or matter
addressed herein.
| |
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Dear
Izzy,
Welcome to the November, 2007 edition of
the BUI Brokerage
Briefs. See the contents below
for the items included in this
issue. You are receiving this communication
because of your business relationship with BUI, or
because you registered for the BUI web site.
We hope you
enjoy! | |
| November 2007 Contents
for BUI Brokerage Briefs |
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Important Announcement about
IRC Section 419(e)
Plans |
On October 17, 2007, the U.S. Treasury and the
IRS issued guidance that has a substantial effect on
Section 419 (e) Welfare Benefit Plans funded with cash
value life insurance. If you have clients with a
419 Welfare Benefit Plan in place, read the attached
article on what they should do now.
Click here for full
article |
| Sales Idea You
Can Use Today |
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Legacy Enhancement Using
Required Minimum Distributions
In the last 30 years,
Americans have saved an astonishing
$8.3 trillion in
Defined Contribution retirement plans and Individual
Retirement Accounts, some of which is not needed for
retirement income. This article discusses
how your clients can leverage these funds to
finance their legacy to children, grandchildren or
charity.
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| Trust Owned Life Insurance:
Did You
Know? |
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Trustees often do
not have the means to review life insurance policies
held as an asset within their trust corpus. This
presents an outstanding opportunity for you to offer
valuable services to those who do not understand
their fiduciary responsbility.
Learn how BUI can help you sucessfully operate in
this market.
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| Advanced Marketing:
Hedging Estate Tax
Uncertainty |
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Using Survivor Standby
Trusts with Survivorship Life Insurance
Survivorship
life insurance owned by an irrevocable life insurance
trust (ILIT) has become a standard estate planning
strategy. However, with the current climate
of estate tax uncertainty, you may find clients
hesitant to enter into irrevocable arrangements.
This article discusses how a standby trust can
mitigate this client concern and help you sell that
survivor case now.
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| 2008
Qualified Plan
Limits |
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On October 18, 2007,
the IRS announced the 2008 dollar limits on benefits
and compensation for qualified retirement plans, SEPs
and SIMPLEs.
The attached
table shows the limits for 2008 as well as for
several previous years. Remember, this is
the time of year your business owner clients need
your assistance with their qualified
plans. BUI can assist you in the
qualified plan marketplace with products and
services.
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