Blog #156: Good News / Bad News Executive Benefit Plan™ (Part 1 of 2)

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Bob Ritter's Blog #156 Good News Bad News Executive Bonus Plan Image

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In Blog #154, we examined the use of a personally-owned Indexed Universal Life (“IUL”) policy as an alternative to a deferred Profit Sharing Plan (“PSP”) for Jennifer Hunt, president of Midland Oil Supply, Inc., an S corporation family business.  Jennifer is in a 40% income tax bracket counting the pass-through of the company’s taxable income.

Alan Westbrook, age 45, is Senior Vice President, Sales, and is a serious rainmaker.  He is not a stockholder, and Jennifer wants to provide him a significant retirement plan in order to ensure he stays with the firm.

Let’s examine “old reliable”, the Executive Bonus Plan — with a couple of new twists.

Bonuses

$100,000 —  Company’s Annual Bonus to Alan in Years 1 - 5
$  60,000 —  Company’s After Tax Cost of Annual Bonus1
$  65,000 —  Alan’s After Tax Bonus in Years 1 - 52
$  65,000 —  Alan’s IUL premium in Years 1 - 5
$           0 —  Alan’s Out-of-Pocket Cost in Years 1 - 5

1Jennifer’s 40% bracket       2Alan’s 35% bracket    

Image #1

blog-156-image-1-bonus-employers-costs-excutives-cost-graph

This plan also includes a “claw-back” provision if Alan voluntarily terminates employment during the first five years or if he is terminated for cause during that period.  If Alan dies during the term of the claw-back, the repayment obligation is waived.

Note:  Specimen implementation documents for this plan are available below.

The repayment obligation looks like this:

Image #2

blog-156-image-2-specimen-implementation-documents-repayment-obligation

The percentage claw-back shown in Column (3) is arbitrary, and it can be any percentage desired by the business owner.  I illustrated 60% in this example, and the first five years in Column (6) illustrate pretty severe “bad news”, but the relief in the beginning of year 6 is surely “good news” when the claw-back is eliminated.  Alan is then fully vested in the policy’s growing cash value which is scheduled to produce annual, after tax, retirement cash flow of $75,000 a year starting at age 65 — all with no out-of-pocket cost for Alan if he remains employed for at least five years.

Below is a graphic of the overall plan:

Good News / Bad News Executive Bonus Plan
(Five Years of Funding)
Image #3

blog-156-image-3-Good-News-Bad-News-Executive-Bonus-Plan-Five-Years-of-Funding

Click here to see the full illustration from the Executive Security Plan module in the InsMark Illustration System.

Click here to review the tax consequences of the executive repaying any of the bonuses and the employer receiving such repayment.  (This report is also available in the illustration module.)

Would Alan accept such a plan, and what would it indicate to his employer if he refused it?  Probably that Alan is likely thinking of seeking other employment.  What a terrific management tool this turns out to be — either way:

  • It offers a benefit to a key non-shareholder executive that provides an important incentive to stay with the firm for at least five years;
  • If the executive declines to participate, it can also uncover someone who is likely considering different employment.

In some ways, this bonus plan performs like a loan-based split dollar plan except, unlike loan-based split dollar, the bonus plan is deductible by the employer.  The fact that it is not a loan-based plan means that provisions of Sarbanes Oxley do not prohibit its use for senior executives of public corporations.  Click here to review a report entitled “Controlled Bonus Plan vs. Split Dollar Plan”.

Note:  We will analyze a loan-based split dollar alternative for Alan in Blog #157.

Why Only Five Years of Funding for the Bonus Plan?

Let’s assume that Alan is so valuable to the company that there is a serious incentive to retain him for longer than five years.  Below are details of a change in plan design that doubles the bonus in years 6 through 10.

Extended Bonuses

$200,000 —  Additional Bonus to Alan in Years 6 - 10
$120,000 —  After Tax Cost of Additional Bonus (40% bracket)
$130,000 —  After Tax Extended Bonus to Alan (35% bracket)
$130,000 —  Alan’s IUL premium in Years 6 - 10
$           0 —  Alan’s Out-of-Pocket Cost

Image #4

blog-156-image-4-extended-bonus-employers-costs-excutives-cost-graph

This revised plan also includes a “claw-back” provision if Alan voluntarily terminates employment during the first ten years.  See below for the new claw-back — note the reduced schedule in years 6 - 10 in Column (3).

Image #5

blog-156-image-5-bonus-to-excutive-annual-after-tax-retirement-benefits-graph

At the beginning of year 11, Alan has full vesting of some serious seven-figure cash values which are scheduled to produce annual, after tax, retirement benefits of $235,000 a year starting at age 65 totaling over $7 million for the years illustrated — all with no out-of-pocket cost for Alan if he remains employed for at least ten years.

Below is a graphic of the revised plan:

Good News / Bad News Executive Bonus Plan
(Ten Years of Funding)
Image #6

blog-156-image-6-Good-News-Bad-News-Executive-Bonus-Plan-Ten-Years-of-Funding

Click here to review this revised Executive Bonus Plan.

Note:  Controlled Bonus Plans typically include an Endorsement of Policy Ownership Rights (“Endorsement”) which restricts the executive from accessing policy values prior to retirement.  The Endorsement takes the form of an Agreement between the business and the executive in which the executive agrees to this condition.  The Endorsements are registered with the issuing insurance company and, as a result, the executive is unable to take any action on the policy other than that allowed by the Endorsement.

In the event of an Executive’s death prior to retirement, the Endorsement allows the immediate payment of the death proceeds to the Executive’s family.

Owner-executives frequently use a bonus approach for their own plans; however, they never use a claw-back or Endorsement technique.  This is because owners do not want to impose voluntary restrictions on the funds in their own plans.  While owners may well be willing to provide bonus funding for valuable non-owner executives, they do not want to see cash values easily squandered by such executives in pre-retirement years or, worse, used for competitive ventures, thus the Endorsement.

Conclusion

One sure way to ramp up activity regarding executive benefits is to ask business owners this question:

“Do you have any non-owner executives who are so valuable to your business that you want to do whatever is economically feasible to induce them to stay with you?”

If the answer is “Yes,” say:

“Retirement planning concerns are on the minds of most -- maybe all -- of your executives.  I’d like to show you a selective, cost-efficient way your company can provide a serious retirement enhancement to important executives.  Would you like to see how it works?”

If you do this, you should get many favorable responses.

Plan Documentation

Documents On A Disk imageSpecial plan documentation is required to support this benefit plan.  InsMark’s Cloud-Based Documents On A Disk™ (“DOD”) has a comprehensive set of specimen documents for the Controlled Executive Bonus Plan in the Key Employee Benefit Plan section of documents.  If you are not licensed for DOD and would like more information, go to www.documentsonadisk.com.  Those licensed for DOD can access DOD and that document set by signing in at www.insmark.com.

 

InsMark’s Digital Workbook Files

If you would like some help creating customized versions of the presentations in this Blog for your clients, watch the video below on how to download and use InsMark’s Digital Workbook Files.

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Digital Workbook Files For This Blog

Blog156.zip

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Experienced Zip File Downloaders Download the zip file, open it, and double click the Workbook file name to open it in your InsMark System.

Note:  If you are viewing this on a cell phone or tablet, the downloaded Workbook file won’t launch in your InsMark System.  Please forward the Workbook where you can launch it on your PC where your InsMark System(s) are installed.

Click here for the Guide to Digital Workbook File for Blog #156 that summarizes its contents of the Workbook.

 

Licensing InsMark Systems

To license any of the InsMark software products, visit our Product Center online or contact Julie Nayeri at Julien@insmark.com or 888-InsMark (467-6275).  Institutional inquiries should be directed to David Grant, Senior Vice President — Sales, at dag@insmark.com or (925) 543-0513.

For help on how to use InsMark software, go to The Quickest Way To Learn InsMark.

InsMark’s Referral Resources
(Put our Illustration Experts to Work for Your Practice)

We created the Referral Resources listed below to deliver a “do-it-for-me” illustration service in a way that makes sense for your practice.  All are IMOs and InsMark Agency Platinum Power Producers®, and they are highly skilled at running InsMark software.  They will utilize your choice of insurance company, and they do not require a commission split.

Mention my name when you talk to our Referral Resources as they have promised to take special care of my readers.  My only request is this: if a Referral Resource helps you get the sale, place at least that case through them; otherwise, you will be taking unfair advantage of their generous offer to InsMark licensees.

Save time and get results with any InsMark illustration!

Testimonials

“InsMark has increased my production by 10 fold.  It clearly communicates to the client the best financial scenario to take.”
Gary Sipos, M.B.A., A.I.F.® InsMark Platinum Power Producer®, Sipos Insurance Services, Freehold, NJ

“The InsMark software is indispensable to my entire planning process because it enables me to show my clients that inaction has a price tag.  I can’t afford to go without it!”
David McKnight, Author of The Power of Zero, InsMark Gold Power Producer®, Grafton, WI

“The reason I use InsMark products is because they are so good at explaining financial concepts to all three parties: 1) the producer trying to explain the idea; 2) the computer technician trying to illustrate it; 3) the customer trying to understand it.”
Rich Linsday, CLU, AEP, ChFC, InsMark Power Producer®, Top of the Table, International Forum, Pasadena, CA

 

Important Note #1:  The hypothetical life insurance illustrations associated with this Blog assume the nonguaranteed values shown continue in all years.  This is not likely, and actual results may be more or less favorable.  Actual illustrations are not valid unless accompanied by a basic illustration from the issuing life insurance company.

Important Note #2:  Many of you are rightly concerned about the potential tax bomb in life insurance that can accidentally be triggered by a careless policyowner.  Click here to read Blog #51: Avoiding the Tax Bomb in Life Insurance.

Important Note #3:  The information in this Blog is for educational purposes only.  In all cases, the approval of a client’s legal and tax advisers must be secured regarding the implementation or modification of any planning technique as well as the applicability and consequences of new cases, rulings, or legislation upon existing or impending plans.

“InsMark” is a registered trademark of InsMark, Inc.
“Documents On A Disk” is a trademark of InsMark, Inc.
“Good News / Bad News Benefit Plan” is a trademark of InsMark, Inc.

 

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More Recent Blogs:

Blog #155: Marketing Magnification (Using Online Video)

Blog #154: Smart Alternatives to Traditional Retirement Plans (Part 4 of 5)

Blog #153: Smart Alternatives to Traditional Retirement Plans (Part 3 of 5)

Blog #152: Smart Alternatives to Traditional Retirement Plans (Part 2 of 5)

Blog #151: The Trump Presidency: How It Will Impact the Sale of Life Insurance Retirement Plans

 

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Robert B. Ritter, Jr. Blog Archive

 

Blog #150: Smart Alternatives to
Traditional Retirement Plans (Part 1 of 5)

(Click here for Blog Archive)
(Click here for Blog Index)

(Presentations in this blog were created using the InsMark Illustration System and Wealthy and Wise ®.)

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Bob Ritter's blog 150 image 1 wealthy retired couple sitting on the beach

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Robert and Ann Baxter are both age 60.  They plan to retire at age 70, and their retirement cash flow goal is $150,000 after tax -- indexed at 3.00%.

Below is a snapshot of their current net worth:

Net Worth
Robert and Ann Baxter

Bob Ritter's blog 150 image 2 net worth ira assets equity property

Click here for comments on Yield, Sequence of Returns, and Monte Carlo Simulations.

Key Question #1
Can the Baxters meet their retirement cash flow goals while maintaining a comfortable level of net worth?

Strategy 1
Status Quo - Keep the IRA
Image 1

Bob Ritter's blog 150 image 3 strategy 1 annual cash flow keep the ira

As you can see in the Cash Flow graph above, by keeping the IRA, their liquid assets are sufficient to provide withdrawals to meet the required after tax cash flow in all years illustrated (these numbers are illustrated in detail in the full report available below).

The graph below shows the remaining Net Worth after accounting for the necessary cash flow.

Strategy 1
Status Quo - Keep the IRA
Image 2

Bob Ritter's blog 150 image 4 net worth after providing required cash flow

Good results – retirement cash flow needs are met with an increasing net worth.

Key Question #2
Will a Roth conversion improve their net worth and wealth to heirs?
In order to minimize the income tax consequences, the conversion of the IRA is scheduled to take place annually over 10 years.  The income tax on the conversion is withdrawn from assets.

Below are the results:

Strategy 1: Status Quo - Keep the IRA
vs.
Strategy 2: Convert the IRA to a Roth IRA
Image 3

Bob Ritter's blog 150 image 5 net worth plus cumulative spendable cash flow

Strategy 2 adds almost $2 million in additional long-range net worth while also meeting cash flow needs.

There is also a corresponding increase in wealth to heirs:

Strategy 1: Status Quo - Keep the IRA
vs.
Strategy 2: Convert the IRA to a Roth IRA
Image 4

Bob Ritter's blog 150 image 6 wealth to heirs plus cumulative spendable cash flow

Key Question #3
Will a Roth conversion coupled with cash value life insurance improve their net worth and wealth to heirs even more?

For the life insurance, I used $937,490 of indexed universal life (“IUL”) max-funded with $70,000 of annual premiums for 10 years (increasing death benefit for 10 years; level thereafter). Participating policy loans of $81,360 begin in year 11.

The results are impressive with IUL added to the mix:

Strategy 1: Status Quo - Keep the IRA
vs.
Strategy 2: Convert the IRA to a Roth IRA
vs.
Strategy 3: Convert the IRA to a Roth IRA and Add IUL
Image 5

Bob Ritter's blog 150 image 7 net worth convert the ira to a roth ira and add iul

The IUL is just as efficient as the Roth:
$1,915,723 – increase in long-range net worth due to the Roth.
$1,893,233 – increase in long-range net worth due to the IUL.

Click here to see the Illustration of Values for the IUL from the InsMark Illustration System.

As you can see below, Wealth to Heirs is also improved significantly with IUL added to Strategy 3.

Strategy 1: Status Quo - Keep the IRA
vs.
Strategy 2: Convert the IRA to a Roth IRA
vs.
Strategy 3: Convert the IRA to a Roth IRA and Add IUL
Image 6

Bob Ritter's blog 150 image 8 wealth to heirs convert the ira to a roth ira and add iul

Click here to see all the reports from this Wealthy and Wise® analysis.

The Wealthy and Wise evaluation in this Blog contains 72 pages.  This is a large number to review; however, the first five pages provide you with the Summary Comparisons, and the balance of the reports detail all aspects of each of the three scenarios.  With Wealthy and Wise, I recommend you have all applicable reports for a given case with you when visiting with a client or client’s attorney or CPA.  Wealthy and Wise backs up every number shown, and you never know which report you’ll need to answer the inevitable questions that typically occur several times in an interview such as: “Where did this number come from?” or “How were the numbers on this page calculated?” or “Can I see the details of this graphic?”

Many Wealthy and Wise users select a few key illustrations for the main report and put the balance in an Appendix.  More elaborate report organization can be accomplished (e.g., Table of Contents, Section pages, etc.) through use of this prompt available at the bottom right of the Main Workbook Window.

Bob Ritter's blog 150 image 9 preview or print client presentation

Conclusion

The power of this comparison is caused by the Roth IRA and IUL combination coupled with zero additional out-of-pocket cost for the Baxters (since the income tax cost of the Roth conversion and the premiums for the IUL are funded by asset reallocation).  This approach will typically produce a “Wow” from your prospective clients.

Note: All the IRA assets were converted over the first 10 years to the Roth, and none of the Roth Assets were needed for cash flow.  The immense impact on heirs of an intact Roth inheritance will be emphasized in Part 2 of this Blog due later in January.

 

InsMark’s Digital Workbook Files

If you would like some help creating customized versions of the presentations in this Blog for your clients, watch the video below on how to download and use InsMark’s Digital Workbook Files.

New Zip File Downloaders
Watch the video.

Digital Workbook Files For This Blog

Blog150.zip

Download all workbook files for all blogs

Experienced Zip File Downloaders Download the zip file, open it, and double click the Workbook file name to open it in your InsMark System.

Note:  If you are viewing this on a cell phone or tablet, the downloaded Workbook file won’t launch in your InsMark System.  Please forward the Workbook where you can launch it on your PC where your InsMark System(s) are installed.

If you obtain the digital workbook for Blog #150, Click here for a guide to its content.

 

Licensing InsMark Systems

To license any of the InsMark software products, visit our Product Center online or contact Julie Nayeri at Julien@insmark.com or 888-InsMark (467-6275).  Institutional inquiries should be directed to David Grant, Senior Vice President – Sales, at dag@insmark.com or (925) 543-0513.

For help on how to use InsMark software, go to The Quickest Way To Learn InsMark.

InsMark’s Referral Resources
(Put our Illustration Experts to Work for Your Practice)

We created the Referral Resources listed below to deliver a “do-it-for-me” illustration service in a way that makes sense for your practice.  All are IMOs and InsMark Agency Platinum Power Producers®, and they are highly skilled at running InsMark software.  They will utilize your choice of insurance company, and they do not require a commission split.

Mention my name when you talk to our Referral Resources as they have promised to take special care of my readers.  My only request is this: if a Referral Resource helps you get the sale, place at least that case through them; otherwise, you will be taking unfair advantage of their generous offer to InsMark licensees.

Save time and get results with any InsMark illustration!

Testimonials

“If you don’t get the client to distinguish cash flow from net worth, you won t make the case sale.  In my experience, Wealthy and Wise is the only system that recognizes this important estate planning component.”
Stephen Rothschild, CLU, ChFC, CRC, RFC, International Forum Member, Saint Louis, MO

“InsMark has created without question the best suite of software for our industry that has ever existed.  I personally have been using their software for almost 30 years, and it changed my career.  This unique and user friendly software will add many thousands to your income for as long as you’re in business.  InsMark makes me look good, and it will you as well.”
Simon Singer, CFP®, CAP®, RFC®, Past President International Forum, InsMark Platinum Power Producer®, Encino, CA

“InsMark helps us help our clients understand their money and their choices.  I always learn something new that changes what we do and how we can do it more efficiently.  That translates to a better bottom line for us and for our clients.  It’s making more money for everyone -- just by pushing InsMark buttons on the computer.”
Kay Corbin, CLU, ChFC, InsMark Platinum Power Producer®, Phoenix, AZ

“Major cases we are developing have all moved along successfully because of the sublime simplicity and communication capability of Wealthy and Wise.  I guarantee that the proper use of this tool will dramatically raise the professional and personal self-image of any associate who dares to take the time to understand it . . .”
Phillip Barnhill, CLU, InsMark Gold Power Producer®, Minneapolis, MN

 

Important Note #1:  The hypothetical life insurance illustration associated with this Blog assumes the nonguaranteed values shown continue in all years.  This is not likely, and actual results may be more or less favorable.  Actual illustrations are not valid unless accompanied by a basic illustration from the issuing life insurance company.

Important Note #2:  Many of you are rightly concerned about the potential tax bomb in life insurance that can accidentally be triggered by a careless policyowner.  Click here to read Blog #51: Avoiding the Tax Bomb in Life Insurance.

Important Note #3:  The information in this Blog is for educational purposes only.  In all cases, the approval of a client’s legal and tax advisers must be secured regarding the implementation or modification of any planning technique as well as the applicability and consequences of new cases, rulings, or legislation upon existing or impending plans.

“InsMark” and “Wealthy and Wise” are registered trademarks of InsMark, Inc.

 

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Blog #147: New Logic for Permanent vs. Term (Part 2 of 3)

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Blog #132: The Calculation Magic of Wealthy and Wise®

(Click here for Blog Archive)
(Click here for Blog Index)

(Presentations in this blog were created using Wealthy and Wise®.)

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One of the most comprehensive evaluations of InsMark’s wealth planning system, Wealthy and Wise®, comes not from InsMark, but from a long-time licensee and close personal friend, Simon Singer, co-founder of the American Tax Planning Institute.  Simon is also a life member of Top of the Table and past president and CEO of Forum 400.

Click on Video #1 below for his 17-minute presentation, and you’ll find out why we are so impressed with his perspective on the cash flow modeling features of Wealthy and Wise.

Video  #1

Next, if you would like to see the Wealthy and Wise software in action as it performs its cash flow modeling, click on Video #2 below, an InsMark presentation that involves a somewhat similar Case Study as Video #1.  Please pay particular attention to the section of Video #2 between minutes 1:30 - 3:55 where screen shots of Wealthy and Wise data entry are featured that determine the best order of accessing assets for the most efficient retirement income and long-range net worth.

The remaining four minutes of Video #2 extend the evaluation to include a Roth conversion (tax cost paid by asset withdrawal) coupled with gifts to an irrevocable trust for the purchase of life insurance, the combination of which is especially efficient for the couple involved in the analysis.

Video  #2

Note:  Many clients are reluctant to engage in a Roth conversion due to the income tax consequences.  Using assets as a source of the tax almost always results in higher overall net worth; thus, the tax should properly be viewed as an investment, not a cost.  This change in perception is of critical value to a client, and only Wealthy and Wise can reflect it accurately due to its cash flow modeling strategies.

The American Tax Planning Institute (ATPI)

Click here to review the mind-blowing benefits of ATPI membership.  I have personally attended two quarterly meetings hosted by ATPI co-founders Simon Singer and Rao Garuda.  In my opinion, there is nothing available that comes close to it as a sales and marketing resource.  One of the benefits of a ATPI Platinum or Gold membership that we are most proud of is that ATPI pays all the fees for each such member to be licensed for InsMark’s Platinum Power Producer suite of products1.

1Retail licensing fee for the InsMark’s Platinum Suite of products consists of a $4,995 initial fee and an ongoing monthly fee of $295 which covers all enhancements and upgrades as well as technical support.

Licensing InsMark Systems

To license Wealthy and Wise, visit us online or contact Julie Nayeri at julien@insmark.com or 888-InsMark (467-6275).  Institutional inquiries should be directed to David Grant, Senior Vice President - Sales, at dag@insmark.com or (925) 543-0513.

 

InsMark’s Digital Workbook Files

If you would like some help creating customized versions of the presentations in this Blog for your clients, watch the video below on how to download and use InsMark’s Digital Workbook Files.

New Zip File Downloaders
Watch the video.

Digital Workbook Files For This Blog

Blog132.zip

Download all workbook files for all blogs

Experienced Zip File Downloaders Download the zip file, open it, and double click the Workbook file name to open it in your InsMark System.

Note:  If you are viewing this on a cell phone or tablet, the downloaded Workbook file won’t launch in your InsMark System.  Please forward the Workbook where you can launch it on your PC where your InsMark System(s) are installed.

 

InsMark’s Referral Resources
(Put our Illustration Experts to Work for Your Practice)

We created the Referral Resources listed below to deliver a “do-it-for-me” illustration service in a way that makes sense for your practice.  All are IMOs and InsMark Agency Platinum Power Producers®, and they are highly skilled at running InsMark software.  They will utilize your choice of insurance company, and they do not require a commission split.

Mention my name when you talk to our Referral Resources as they have promised to take special care of my readers.  My only request is this: if a Referral Resource helps you get the sale, place at least that case through them; otherwise, you will be taking unfair advantage of their generous offer to InsMark licensees.

Save time and get results with any InsMark illustration!

Testimonials
Blog #132

“InsMark has created without question the best suite of software for our industry that has ever existed.  I personally have been using their software for almost 30 years, and it changed my career.  This unique and user friendly software will add many thousands to your income for as long as you’re in business.  InsMark makes me look good, and it will you as well.”
Simon Singer, CFP®, CAP®, RFC®, International Forum Member, InsMark Platinum Power Producer®, Encino, CA

“If you don’t get the client to distinguish cash flow from net worth, you won’t make the case sale. In my experience, Wealthy and Wise is the only system that recognizes this important estate planning component.”
Stephen Rothschild, CLU, ChFC, CRC, RFC, International Forum Member, Saint Louis, MO

“For three decades, InsMark software has been the leader in presentation software for life insurance.  However, my favorite retirement, estate and charitable planning software is InsMark’s Wealthy and Wise combined with DOD (Documents on a Disk).  Nothing holds a candle.  If you are in the retirement, estate or charitable planning arena, this is the easiest AND most powerful software on the planet.  I highly recommend it.”
Scott Keffer, Advisor Coach, Best Selling Author, Creator of Double Your Affluent Clients®, Pittsburgh, PA

 

Important Note #1:  The hypothetical life insurance illustrations associated with this Blog assumes the nonguaranteed values shown continue in all years.  This is not likely, and actual results may be more or less favorable.  Actual illustrations are not valid unless accompanied by a basic illustration from the issuing life insurance company.

Important Note #2:  The information in this Blog is for educational purposes only.  In all cases, the approval of a client’s legal and tax advisers must be secured regarding the implementation or modification of any planning technique as well as the applicability and consequences of new cases, rulings, or legislation upon existing or impending plans.

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More Recent Blogs:

Blog #131: Don’t Burn the Nest Egg™

Blog #130: Should I or Shouldn’t I?

Blog #129: Leveraged Executive Bonus Plan with Bank-Funding of the Income Tax (Part 3 of 3)

Blog #128: Leveraged Executive Bonus Plan with Bank-Funding of the Income Tax (Part 2 of 3)

Blog #127: Leveraged Executive Bonus Plan with
Bank-Funding of the Income Tax (Part 1 of 3)

 

3 Reasons Why It’s Profitable For You To Share These
Blog Posts With Your Business Associates and
Professional Study Groups (i.e. “LinkedIn”)

 

Robert B. Ritter, Jr. Blog Archive