The life insurance policy crisis : the advisors' and trustees' guide to managing risks and avoiding a client crisis/
"This book is written for legal, tax, and investment advisors, as well as trustees to explain how policy lapse can be avoided and how planning objectives can be achieved. It discusses the form that creditable life insurance counseling and policy risk management should take in order to avoid a c...
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| Format: | Book |
| Language: | English |
| Published: |
Chicago, Illinois :
American Bar Association,
[2016]
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| LEADER | 00000cam a2200000 a 4500 | ||
|---|---|---|---|
| 001 | 958497953 | ||
| 003 | OCoLC | ||
| 005 | 20161109000000.0 | ||
| 008 | 160912s2016 ilua 001 0 eng | ||
| 010 | |a 2016042045 | ||
| 020 | |a 9781634256179 (pbk.) | ||
| 020 | |a 1634256174 (pbk.) | ||
| 035 | |a (SKY)283725965 | ||
| 040 | |a DLC |b eng |c DLC |e rda |d DLC |d SKYRV | ||
| 042 | |a pcc | ||
| 043 | |a n-us--- | ||
| 049 | |a VLA | ||
| 050 | 0 | 0 | |a KF1175 |b .W49 2016 |
| 100 | 1 | |a Whitelaw, E. Randolph, | |
| 245 | 1 | 4 | |a The life insurance policy crisis : |b the advisors' and trustees' guide to managing risks and avoiding a client crisis/ |c E. Randolph Whitelaw and Henry Montag |
| 260 | |a Chicago, Illinois : |b American Bar Association, |c [2016] | ||
| 300 | |a xx, 252 pages : |b illustrations ; |c 23 cm | ||
| 500 | |a Includes index | ||
| 505 | 0 | |a History of the lapsing life insurance policy and irrevocable life insurance trust insolvency crisis -- Life insurance products and product suitability : a fresh look is needed -- The outdated traditional retail agent distribution channel : life insurance is sold, not purchased -- Current day response to questionable ethical practices and this lapsing policy crisis : some things never change, except possibly to get worse -- Consumer-centric life insurance distribution : how to restore consumer confidence and value-added distribution -- The life insurance policy risk management process : best vs. questionable vs. predatory vs. no practices -- Inforce life insurance policy intervention : damage control : a glidepath to safety intervention--action taken to improve a situation -- Long term care insurance 1980/2015 -- Life insurance as an asset class : the gap between theory and practice -- Life settlement market -- How can irrevocable life insurance trust (ILIT) : fiduciary practices demonstrate and document a prudent and reasoned process? -- Fiduciary issues vs. life insurance practices : can the dots be connected? -- ILIT litigation : process over performance (Best practices litigation-tested guidance) --- Special issues -- Sample documents -- Reference articles -- Sample life insurance cases -- Contributed articles | |
| 520 | |a "This book is written for legal, tax, and investment advisors, as well as trustees to explain how policy lapse can be avoided and how planning objectives can be achieved. It discusses the form that creditable life insurance counseling and policy risk management should take in order to avoid a client crisis and to maximize the probability of a favorable planning outcome. It introduces the alternative process-driven distribution channel that has existed since the early 1980s, and is ideally-suited to avoid policy lapse. And, it discusses the need for collaboration among these advisors, and the priority that must be given dispute defensible life insurance problem-solving. Further, the book recognizes that baby boomers accustomed to living big are retiring and are increasingly concerned about the adequacy of their financial planning, the income needed to maintain their lifestyle, the continuity in managing family businesses and investments, and the expertise needed to manage multi-generational wealth preservation and transfer programs (especially in the event of multiple marriages and families). Life insurance products are ideally-suited for today's sophisticated planning environment, but the tradition distribution channel is not. Finally, and for emphasis reasons, this book explains how the alternative time-tested process-driven distribution channel can be used efficiently for problem-solving, counseling, and advisor collaboration that favors the policy owner"--Introduction | ||
| 650 | 0 | |a Life insurance |x Law and legislation |z United States | |
| 650 | 0 | |a Life insurance policies |z United States | |
| 907 | |a .b2294680 | ||
| 998 | |a secnd | ||
| 999 | |c 123291 | ||
| 852 | |a Law Library |b Second Floor |h KF1175 .W49 2016 |p 33940004391288 | ||