Life Cycle Financial Planners, LLC

Author: Ted Bernstein

  • Why Do Some People Own Permanent Life Insurance?

    Why Do Some People Own Permanent Life Insurance?

    Permanent life insurance offers the best value possible. In the world of life insurance, the lowest net cost means the best value. People who can afford higher premiums in the early years demand the best value and they will be infinitely better off, in terms of the net cost, with a permanent form of life insurance.

    Term life insurance has low entry premiums but it is only temporary insurance and it is priced accordingly.

    Because it has low entry premiums, term insurance is easy to sell. The Term-ites (term only salespeople) attempt to commoditize this product so it can be easily sold online without a professional’s help. They can be somewhat cultish about why they believe term is better, all the time, for everyone. Some life insurance companies have carved out a niche as term only carriers because term insurance certainly has its place in the market. It is often the right choice for buy-sell agreement funding, short term loans and young families with limited financial resources.

    Permanent life insurance is often referred to as whole life insurance and it offers much better value for life insurance buyers who want lifetime coverage and can afford higher premiums in the early years. Comparing the net cost of permanent life insurance to to the net cost of term insurance is the right way to measure its superior value. Using the simple definition of net cost to be the total premiums paid minus total cash value, the goal of switching from term insurance to permanent insurance is an important step to take in optimal life insurance planning.

    What is the difference between term insurance and permanent life insurance?

    Permanent life insurance is better value for anyone considering coverage for life. Term insurance is the ideal name for temporary insurance. Term premiums increase when we are forced to renew. When the temporary insurance expires, people often find themselves without coverage when it is needed most.

    People buy permanent life insurance once its superior value is understood.

    “But Dave Ramsey and Suze Orman don’t like permanent life insurance”. Neither of them are insurance professionals and neither one counsels individuals. Their target audiences are young families unable to buy anything but term coverage and we applaud these families for doing so. Dave Ramsey and Suze Orman’s job is to sell ads and one way to do that is by making indefensible claims about popular products.

    When people move out of the “paycheck to paycheck” lifestyle, they become potential permanent life insurance buyers. Since more than ninety seven percent of ALL term policies do not pay a claim, then 97 percent of ALL term premium are wasted.  High Net Worth (HNW) consumers and high income earners need permanent life insurance for many different reasons:

    Income Replacement:  If your family  or business depends on your income, regardless of your age, life insurance guarantees no family disruption due to loss of income. 

    Immediate Liquidity – Wealth Transference:  High net worth and ultra-high net worth people own life insurance because they want GUARANTEED LIQUIDITY at death and they purchase permanent insurance because it’s guaranteed for life. 

    Some others are:

    • Asset values can fluctuate significantly. 
    • Children working in a family business. Life insurance is the great equalizer for those children who do not work in the business. Without liquidity in these cases, there is great risk to a smooth succession of the business.
    • Many clients own a life insurance policy for each of their grandchildren. The insurance policy is straightforward and inexpensive.
    • Premium Financing. HNW people have the ability to finance life insurance. When it makes sense, it is a very effective tool to create tax free wealth.

    High Net Worth people own life insurance to reinforce their succession plans. In these cases, assets may be real estate, businesses and other non-liquid assets. Life insurance provides immediate, tax free liquidity. It gives the family and their advisors time to properly execute the succession plan. Too many times, without sufficient liquidity, anxiety creeps in and family members get nervous. This can lead to litigation, confusion and disruption.

    Please contact us at 561-771-4647 or email me at TB@LifeCyclePlanners.com about a free review.

    Visit us at www.facebook.com/lifecycleplanners

    https://en.wikipedia.org/wiki/Whole_life_insurance l https://en.wikipedia.org/wiki/Life_insurance#Permanent_life_insurance

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  • Disability Income Insurance – Lower Premiums

    Disability Income Insurance – Lower Premiums

    by Deborah Bernstein

    A disabling accident occurs every second in the U.S. with many of these accidents qualifying for disability income insurance.

    What would your family do if your paychecks stopped tomorrow and didn’t resume for several months or longer? What if this became several years? In some cases, social security may help with disability income, but many claims are denied by social security because applicants  don’t qualify. A policy that guarantees total income replacement is the optimal coverage to shoot for. Standard coverage is usually 50 to 60% of your income as a baseline as the income is not taxable. The cost of disability insurance is based on many factors including duration of benefits, age, lifestyle and health.

    As a careful planner myself, I cannot imagine the strain on our family if either of us lost our ability to earn our incomes. Long term disability income insurance protects your earned income when you are unable to work for a sustained period of time. You may acquire a non-physical condition or a physical impairment, either one might prevent you from working. In those cases, a disability income insurance policy will pay you.  One out of every three people in the U.S. workforce will suffer a disabling injury before retirement. The question to ask yourself is this: “can I afford to be disabled without income for 90 days or longer?”

    Too often, this risk is exposed in well-balanced financial plans, especially for women. In households where women are the sole income source or an equal income partner, disability income insurance is necessary. The risk of long-term disability is typically measured by loss of income and the additional costs of care for severe disabilities, especially for the household’s primary wage earners. In these cases, a serious financial hardship is easily mitigated with an affordable long-term disability policy.

    Own Occupation
    Under “Own Occupation” disability, the policy pays benefits when you are unable to work at your own occupation as a result of an accident or sickness. This type of policy is the most expensive and more difficult to obtain. These types of policies are very popular with professionals who wish to insure a specialized skill. For example, a heart surgeon may want this type of policy in the event he or she loses the use of a hand or seriously injures the fingers on one hand.

    Any Occupation
    The “Any Occupation” definition means the inability to work at any occupation. This definition is sometimes softened by adding language such as “the inability to perform the duties of any occupation by which the individual is suited by training, education or experience”. These policies are less expensive and easier for most to obtain. A heart surgeon who loses the use of one hand may no longer be able to perform specific duties of a heart surgeon, but may be able to consult or work in a different medical field. This type of coverage only pays when gainful employment is not possible. The “any occupation” definition can be different in every policy.

    Hybrid Policies
    Many disability policies now offer options allowing you to blend the “own occupation’ rider with the “any occupation” riders. A common example would be a policy issued with two years of own occupation, switching to any occupation for the duration of the disability. These policies have lower premiums and are considered more affordable for some people.

    Please contact me for a DI quote. You can email me at DB@LifeCyclePlanners.com or call me directly at 561-329-4721.

    P.S. Do you have sufficient knowledge about income annuities? Most people are unclear about what makes the indexed annuity special for lifetime income. Add your name to the contact form on this page and I will send you some great information about guaranteed income solutions.

     

  • Sell Your Unwanted Life Insurance Policy For Cash.

    Sell Your Unwanted Life Insurance Policy For Cash.

    Are you over 65 with a life insurance policy you no longer need or want? Like any other asset, it can be sold for cash in the secondary market.

    Life insurance policies have value in the secondary market. Institutional investors will buy policies from people who have determined they do not need or want the policy. The market is best for people over 70 who are not in perfect health. If you fit this profile, you have an opportunity to sell your unwanted policy for a lump-sum, before lapsing or surrendering it.

    Even term policies have value. We help policyholders determine the secondary market value of their inforce policies. The value of a life insurance policy is expressed as a percentage of the face amount. For example, if you sell a $1,000,000 policy for 5 percent, you would get paid a lump-sum of $50,000.  A $3,000,000 policy could fetch $150,000, or more, depending on the percentage. The important considerations are health and the type of policy. There may be some income taxes to consider on these sales (each sale is different) and that is easy information to obtain. After the policy is sold to the new owner, future premium payments are theirs.

    Term policies also have secondary market value but most policyholders are unaware of what this means.

    Life insurance is an important asset to your beneficiaries and I urge potential sellers to consider keeping the coverage whenever possible. There are many creative ways to retain an inforce life insurance policy and you may want to consider them before selling the policy or letting it lapse. There are hybrid arrangements in which you give up a piece of the face value in exchange for having the future premiums paid.

    Life Settlements convert your policy to cash through a sale to an interested buyer. This is no different than selling any asset when it is no longer needed or wanted.  The policy is  appraised along with your medical records and an offer is then made to the owner, if they determine there is value. Sometimes, no offer is made, depending on the outcome of these appraisals. Some people are too young and healthy or they have a policy that is not attractive to buyers. Other times, the market favors sellers, not buyers.

    Getting an appraisal by working with a broker creates great value to sellers. You may have heard ads from some buyers who are attempting to go direct to sellers and that is certainly one approach but it is not optimal? Why deal only with one buyer when there are dozens, if not more?

    As a life insurance professional with secondary market experience, I represent sellers by bringing the policy to all of the market. By putting buyers in a competitive situation, your offers will increase. The U.S. market is robust and you want an agent with access to the maximum number of capital sources buying policies.

    Should you sell your policy? It pays in many ways to work with a professional working solely in your best interest. A life insurance professional is qualified to help you think through the pros and cons of selling a policy. Before making a decision, I advise my clients to speak with their spouse, other advisors and often, their heirs. This information about a life settlement transaction may help.

    Interested but unsure? The best way forward is to determine if your policy has value. There is no downside and no obligation to obtain this value or to get bids. You will learn a great deal about the policy you own.

    To determine its value, potential buyers need the following information:

    1. Policy projections including the premiums to keep the policy in-force to various ages.
    2. The type of policy and its terms. Some policies have no value in the secondary market because of their terms.
    3. The life expectancy of the policy owner which is determined by an independent, 3rd party analyst. No medical is necessary.
    4. A detailed history and understanding of the policy owner’s current and past health.

    Typically, there is minimal value for policies owned by healthy people under the age of 70. If there are health considerations leading to a shorter life expectancy, that may change the numbers in your favor. I recently helped a 73 year old man sell a $3,000,000 policy. Because of previous medical history, he received several offers. He sold the policy for 16% of face value, or a little bit more than $450,000.

    Are term policies eligible for sale in a life settlement?
    Yes. You should be age 65 or older with some decline in health since the policy was issued. Term policies are typically bought for a temporary insurance need, unlike permanent policies where the policy owner typically has a long duration or lifetime insurance need.

    Are there special requirements for selling a term insurance policy?
    Most life settlement buyers want term policies that are convertible to some form of permanent insurance. Therefore, being able to control future premium obligations through a conversion is usually ideal.

    When does the conversion privilege on a term policy expire?
    The answer varies among different policies even issued by the same company. Some limit the conversion period to a number of years; other companies may also impose a maximum age.

    When should I begin the process if a conversion is involved?
    A life settlement transaction requires getting medical records, in-force illustrations, life expectancy analyses, investor pricing and the closing. In addition, a term settlement usually includes issuance of the conversion policy. Because the entire process usually takes 3 to 4 months, you should get it started at least 4 to 6 months prior to the expiration of the conversion privilege.

    Can I sell part of a term policy and keep part?
    Insurance companies typically do not permit a permanent policy to be split for a life settlement. It is worth exploring if they will allow partial conversions. Then, it would be possible to sell only a portion of a term policy by doing a partial conversion as part of a life settlement transaction. The remaining policy can be kept as term insurance or be converted separately.

    I offer an initial, complementary consultation in person or by phone. Please email me or fill out the contact form on this page and I will contact you shortly. You can call me direct at 561-869-4500.
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  • Term Life Insurance In Danger of Lapsing?

    Term Life Insurance In Danger of Lapsing?

    Is your term life insurance lapsing?

    Do you know when the conversion deadline in your term life insurance policy expires?

    One of the most critical dates in a term life insurance policy is the conversion deadline. You don’t want the conversion deadline to pass without your consideration. Insurance companies DO NOT notify you as the deadline is approaching. Many people who purchased term life insurance within the past 20 years may not understand this option. Term life insurance lapsing can create problems for families and businesses. Too many inforce policies do not allow you to convert the policy in all years without new evidence of insurability. To avoid finding yourself with limited options after the deadline has passed, speak with an insurance professional.

    Why would I convert my term policy?

    To continue a term life insurance policy after your health has changed, the conversion option is key. You may never need to convert your term policy to permanent insurance but if you have a significant health problem after purchasing the policy, you may fall into the rated or un-insurable category. When this happens, that conversion deadline becomes critical. Conversion may be your only option to keep life insurance with premiums based on your previous good health. Unfortunately, there are millions of people who are unable to convert because the deadline expired. For example, if you own a 20 year term policy, it may only be convertible in the first 10 years or until age 65.

    What should I know if I own a term policy?

    You want a policy with no conversion deadline or the longest one possible, something like 80% of the guaranteed term period. It is equally important to buy from a company that allows you to convert to their entire portfolio of products. Some companies limit term conversions to only one policy, often not their best. Terry Savage offers some great advice in her recent column about term life insurance lapsing because of unknown conversion deadlines. If nothing else, check your current policy’s conversion deadline.

    https://www.terrysavage.com/term-insurance-running-out/ 

    https://wgntv.com/2018/08/01/financial-expert-terry-savage-on-term-life-insurance-credit-card-debt/

    Can I buy a term policy with Living Benefits?

    Living Benefits may be the single most important enhancement to life insurance in the past several years. At no additional premium, Living Benefits allows you to draw against the face amount of your policy when you have a critical, chronic or terminal health event. It is not a loan and there does not have to be any cash value in the policy. It is an advance and it comes from the face amount. You can receive up to 90% of the face value depending on the severity of the health incident.

    If you currently own life insurance, chances are good that your policy does not have these Living Benefits. Adding Living Benefits and a better  conversion deadline are two good reasons to consider new coverage.

    We offer state of the art solutions for life insurance and lifetime income annuities. Let us help you minimize your premiums and maximize the value of your coverages. Please call us at 561-869-4500 or email me at TB@LifeCyclePlanners.com. Upon request, we will send a complementary overview of Living Benefits.

  • Life Insurance Policy Review

    Life Insurance Policy Review

    Life Insurance Policy Review & Monitoring

     

    A life insurance policy review is strongly recommended every two years. For many life insurance buyers, an objective and impartial advocate always proves to be invaluable. For individuals, families or businesses, you can navigate the life insurance world with the comfort of an impartial professional. Transparency and disclosure is the cornerstone of our practice.

    After a life insurance policy review, you will learn about cutting edge improvements to policies, better pricing options and how your current policy stacks up. Although it’s counter-intuitive, if your health is the same, you should be able to improve your policy every few years.

    For institutional owners of life insurance policies or individual trustees of trust owned policies, life insurance is an asset that must be regularly monitored by the policy owner.  The owner is a fiduciary and is therefore responsible for the policy and for keeping it in good standing as any other asset for which they have this responsibility. When revocable or irrevocable trusts are owners of life insurance, we recommend that the policy or policies be reviewed on a regular basis by the Trustee. If the review is out-sourced to a professional, we suggest these reviews be done on a fee basis to ensure objectivity.

    Long before other professionals began working in this area, we recognized the value of an unbiased, fee-based option to give trustees and owners the proper level of due diligence assurance and fiduciary compliance that comes with being trustee. 

    I began offering a life insurance policy review service to individual consumers, law firms, CPA firms and Trust companies, reviewing more than 2000 Trust Owned Life Insurance Policies (TOLI) on a fee basis. 

    The life insurance industry is in a constant state of change making life insurance a complex financial asset.  Many types of policies and their components are insufficiently understood by the policy owner. Having an objective professional who is contractually prohibited from selling products is wise trust management for institutional owners.  

    checklist

     

    FREE OR FEE? IS THERE A DIFFERENCE?

    Your life insurance policy should be treated as a “buy and manage” asset.  Life insurance agents typically offer only the buy function and not the manage function.  If you are a Trustee or 3rd party Owner of a life insurance policy, ask yourself this question:  “Is there a difference in the value of a life insurance policy review done on a fee basis versus a free review?” Is the review being done by a sales agent as a way to create selling opportunities? The goal for policy owners is to develop a review and monitoring model based on best practices versus predatory practices. When the owner is in a fiduciary capacity, the review process should be done on a fee basis to ensure impartiality.

     

    THE LIFE INSURANCE POLICY REVIEW.

    • Life Expectancy has lengthened. 
    • Insurance companies have introduced innovative new products and pricing techniques that reduce premiums and improve policy performance. For example, indexed universal life is policy type that did not exist 20 years ago.
    • Interest and dividend crediting rates change.  These crediting rates are directly tied to the rate of return in the policy. 
    • Market conditions have changed which can affect policies tied to the markets.
    • Planning goals of the policy owner may have changed. Evaluation of current goals and needs is an essential part of the life insurance policy review process.
    • New products have emerged, often making previous product selections less desirable in light of new options.
    • Federal Estate and Gift Tax laws have changed which can eliminate the need for a trust to hold this asset.

    WHAT IS INCLUDED IN A LIFE INSURANCE POLICY REVIEW?

    • Update original goals and objectives, including a policy summary.
    • Location of original policy and all amendments.
    • Confirm current contact information for owners, trustees, etc.
    • A review of policy structure, ownership, beneficiaries, payment methods, etc.
    • Assessment of possible underwriting class improvements.
    • An evaluation of the effect of changes in interest rates/sub-account performance, increase in cost of insurance, or any combination thereof. Updated carrier ratings provided from national rating agencies.
    • An objective evaluation on whether there is a more cost effective and reliable way to meet client expectations. 
    • Context Analysis –is the policy still suitable for the current estate plan, as circumstances are constantly changing in clients’ lives as well as applicable tax law.
    • Premium Funding Analysis – Many policies may lapse due to poor policy performance, leaving a sizeable premium increase. Current projections should be obtained to view the policy under different conditions.
    • Stress Test – Worst case scenarios should be analyzed.
    • Market Comparison – It is important to assess whether there are savings and other benefits available to the client should they choose to switch to a new carrier. 
    • Secondary Market Analysis – If it is determined that a policy is no longer needed or wanted, rather than lapsing or surrendering the policy, does it make sense to settle the policy?

     

    Before a life insurance policy review is undertaken, it is helpful to speak with the insured/owner and their advisors in order to gain important insight concerning the policy’s origination, purpose of insurance and how it fits into today’s planning goals and objectives. Please contact us at 561-9-869-4500 or email me to arrange a complementary consultation about our policy review services.

    Please email me at Ted Bernstein or call me at 561-869-4500.

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  • Selling Un-Needed Life Insurance Gains Acceptance

    Selling Un-Needed Life Insurance Gains Acceptance

    Selling un-needed life insurance policies in the secondary market is now considered mainstream. It is a noteworthy development when class action lawsuits against life insurance companies are brought by policyholders. Should you sell an un-needed  or unwanted life insurance policy? Most qualified sellers are happy to learn about the benefits of selling their policy in the secondary market. It pays to seek the guidance of a professional when dealing with life insurance matters. Selling an un-needed life insurance policy in the secondary market is known as a life settlement transaction.

    Unsure about it? Ask your CPA or tax attorney about life settlements. Those with life insurance experience are advocates. I advise potential sellers to only work with insurance professionals to help maximize the value of an unwanted or un-needed life insurance policy. The right professional will make you aware of issues such as potential income taxation.

    Selling un-needed life insurance policies is all about the value.

    To determine the value of a policy you are considering selling, potential buyers need the following information:

    1. The required premiums to keep the policy inforce to life expectancy.
    2. The type of policy and its terms.
    3. Your life expectancy which is measured by an independent, 3rd party specializing in this practice.
    4. A detailed history and understanding of your current health and past health.

    With this information, you should get initial offers. Typically, there is minimal value for policies owned by people under the age of 70. If there are health considerations leading to a shorter life expectancy, that may change the numbers in your favor. I recently helped a 77 year old woman sell a $2,000,000 policy she purchased at age 54. Because of previous medical history, she received a bit more than $400,000, net. Some clients I’ve helped have only received offers of 4 to 5 percent of the face amount.

    If you have a policy you may no longer need or want, there is no downside to knowing its value.

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  • Ted Bernstein CBS Interview

    Ted Bernstein CBS interview with David Weir. The interview focused on several of the innovations Ted has introduced to the life insurance industry.

    For more information about Ted Bernstein and Life Cycle Planners, click here. 

     

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  • Retirement Tips & 10 Useful Retirement Terms.

    Retirement Tips & 10 Useful Retirement Terms.

    Whether you’re in retirement or getting ready to retire, here are 10 useful retirement tips and terms.

    Protect Your Nest Egg:

    1. Full Retirement Age: Full Retirement Age (FRA) is the age you can receive 100 percent of your Social Security benefit. If you delay, the benefits will increase by 8 percent, up to 70.
    2. Spousal Benefits: Another strategy that may help maximize your Social Security income is the spousal benefit. The spousal benefit is an option to receive your own benefit or one-half of your spouse’s benefit, whichever is greater.
    3. Lifetime Income: A term used to describe income for life. Social Security, pensions and annuities all provide lifetime income.
    4. Retirement Asset Diversification: Similar to portfolio diversification, you may benefit from having different types of assets. One of the most important retirement tips to consider is working with a retirement professional to stay properly diversified.
    5. Required Minimum Distributions: Mandatory IRS distributions to begin taking withdrawals from your retirement accounts, such as IRAs and 401k. They are taxable and they begin at 70½, regardless of whether you want them.
    6. Re balancing: Re-balancing is a strategy to help keep your investments aligned with your time horizon and risk tolerance.
    7. Medicare Parts A, B, C, D: 
    • Part A – Hospital Coverage: If you qualify for medicare, you’ll pay no monthly premium for Part A coverage. However, you will have to meet the annual deductible before Medicare kicks in.
    • Part B – Non-Hospital Medical Coverage: Optional coverage for  doctor’s visits, tests, physical therapy, etc. You may want to opt out if you continue health insurance through a qualifying employer, or spouse.
    • Part C – Medicare Advantage: An alternative to Parts A and B, it offers coverage through private insurance companies that contract with Medicare. May provide benefits such as vision or dental care at an additional cost.
    • Part D – Prescription Drug Coverage: Adds prescription drug coverage to Medicare. It is offered by insurance companies and other private companies approved by Medicare.
    1. Donut Hole: A retirement term that describes the gap (or hole) in Medicare Part D, prescription coverage.
    2. Long-Term Care Insurance: Coverage for people who need help with common daily living activities, such as bathing, eating and dressing.
    3. Estate Planning: Preparing for retirement is a good time to review or create an estate plan. Updating living wills and powers of attorney is a good idea too.

    Please contact me at 561-869-4500 or email me to discuss these retirement tips or a review of your current plan.

    You can visit us at www.facebook.com/lifecycleplanners and www.linkedin.com/tedbernstein

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  • Compare and Contrast – Income Riders & Annuity Resource

    Compare and Contrast – Income Riders & Annuity Resource

    Below you will find some of the better articles about annuity income riders and variable annuities.

    Author(s) Article Publication Date
    Bauer, Kling and Russ A universal pricing framework for guaranteed minimum benefits in variable annuities ASTIN Bulletin 2008
    Benartzi & Thaler Annuitization puzzles Journal of Economic Perspectives 2011
    Blanchett Optimal portfolio allocations with GMWB annuities Journal of Financial Planning 2012
    Blanchett Low Bond Yields and Efficient Retirement Income Portfolios The Journal of Retirement 2013
    Chang, DeJong, Liu, and Robinson The Cost of Guaranteed Income: Demystifying the Value Proposition of Variable Annuities with GLWB Riders Retirement Management Journal 2014
    Kitces & Pfau The True Impact of Immediate Annuities on Retirement Sustainability: A Total Wealth Perspective Retirement Management Journal 2014
    Dai, Kwok, & Zong Guaranteed minimum withdrawal benefits in variable annuities Mathematical Finance 2008
    Huang Grove & Taylor The Efficient Income Frontier: A Product Allocation Framework for Retirement Retirement Management Journal 2012
    Milevsky & Kyrychenko Portfolio choice with puts: Evidence from variable annuities Financial Analysts Journal 2008
    Robinson A context for considering variable annuities with contemporary living benefit riders Journal of Financial Planning 2008
    Steinorth & Mitchell Valuing variable annuities with guaranteed minimum lifetime withdrawal benefits Pension Research Council 2012
    Xion, Idzorek and Chen Allocation to deferred variable annuities with GMWB for life Journal of Financial Planning 2010

    Please contact me at 561-869-4500 or email me about a complementary consultation for indexed annuities and a review of your coverage.

    You can visit us at www.facebook.com/lifecycleplanners

  • Simple Tips For Successful Inheritances & Wealth Transfer

    Simple Tips For Successful Inheritances & Wealth Transfer

    Learn these simple tips for Successful Inheritances. Help your heirs hold on to their inheritances and keep your family intact.

    Giving while living is ideal but that oftentimes is not possible. Wealth transference can be complex and gut wrenching for some. Without careful planning, conditions can end up ripe for wealth destruction. Wealth will transfer, just maybe not where you intended it to go. If you’re not okay with your life’s assets enriching litigation departments of probate law firms you’ve never met, now may be a good time to enhance your current wealth transference plan. Don’t let the assets for your heirs end up being lost to professional fees.

    I see more and more cases where well-meaning inheritances are busting up families and family relationships. The attached article does a great job highlighting a few of the unintended consequences that can affect not only the rich and famous. How much would it disappoint you to learn that your children may never speak to each other again because of their inheritance. It is a reality that is occurring more often every day.

    INHERITANCE Feature-INNM0518

    Or you can click on the link at Insurance News Net to view the article online.

    Please contact me at 561-869-4500 or email me about a complementary consultation about the wealth transfer and inheritance issues that may be concerning you and your spouse.

    You can visit us at www.facebook.com/lifecycleplanners

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