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This session offers 1 CFP credit
Jonathan Reid is a
successful 50-year-old partner of a prominent law firm and sits on the board of
a local charity. He wishes to make a
lasting gift that will create a steady stream of income for charity during his
lifetime, and would also provide a substantial legacy upon his death. He uses an innovative strategy, SFI-Self-
Financed Insurance,to magnify the impact of his gift. Mr. Reid will pay $50,000 per year for 10
years and then make an outright gift of the policy to the charity allowing him
to deduct over $400,000. In year 15, the
charity will receive income of approximately $115,000 per year until Mr. Reid’s
death. Assuming Mr. Reid lives to the
age of 80, the charity will also receive a death benefit of approximately $2
million dollars. Premium financing is a
powerful life insurance funding technique that has been used for decades,
allowing individuals and corporations to cost effectively purchase needed death
benefit, minimize transfer tax costs, and, in some cases, generate tax-free income.
This seminar will explore both the advantages and potential risks of leverage.
Learn the truth about premium financing, so that you can accurately assess
these programs and guide your clients accordingly.
Specifically, you will discover:
• How to identify and avoid premium financing programs that are ticking time
bombs.
• How to assess even the most well-designed premium financing programs.
• How to use back-casting and monte-carlo analyses to stress test a premium
financing design.
• How to manage short-term interest rate risk and eliminate long-term interest
rate risk.
• How to replace risky third-party loans with more efficient and reliable
participating policy loans.
• How arbitrage can be used to offset the risk of leverage.
• How to incorporate premium financing into specific situations Join our next webinar with
Robert Strauss, J. D., creator of SFI and learn how this new technique can
leverage your charitable and estate planning endeavors.
About the presenter...
Robert K. Strauss, J.D. is the Founder and CEO of the Disciplined Advisor Network, Inc. a think tank and consulting group offering services to over 500 independent life insurance agents nationwide. While the Network offers many products and concepts generally available to the industry, Mr. Strauss personally invented and supports the popular and proprietary retirement and estate planning program known as "SFI” or "Self-Financed Insurance”.
SFI has revolutionized premium financing by eliminating long-term interest rate risk, minimizing collateral exposure and incorporating arbitrage techniques to create a short-term living exit strategy. For additional SFI support, Mr. Strauss Co-Founded SFI Cadeau, LLC, a consulting firm specializing exclusively in SFI-related matters and also created the SFI Round Table, an exclusive online knowledge base, resource center and study group.
Mr. Strauss is an honors graduate of the Wharton School of Finance at the University of Pennsylvania and the Boston University School of Law. He is admitted to practice law in the States of New York and Connecticut. Mr. Strauss served as law clerk for the Honorable Jacob D. Fuchsberg, Associate Justice of the New York State Court of Appeals and practiced law at the multi-national law firm Epstein Becker & Green, PC where he employment law and executive compensation.
Mr. Strauss chaired a division of the Probate and Trust Law Committee of the American Bar Association and founded the American Bar Association’s Trust & Estates Law Report. During his tenure as Chairperson, he co-authored and edited "Survivorship Life Insurance”, a book published by the ABA. From 1994 to 2008, Mr. Strauss was the Founding CEO and President of Emerging Money Corporation and Emerging Actuarial Designs where he conceived, developed and marketed several popular insurance products and programs. In 1998, Mr. Strauss received Trusts & Estates Magazine’s highest distinction, the EPIC Award for his Family Discount Life pension relief program. The cover story noted his significant contribution to the insurance industry.
He is a frequent speaker at major industry events including insurance company annual conventions and the prestigious International Forum. Mr. Strauss also served as a contributing author and commentator to many publications including National Underwriter, Performance Magazine, Institutional Investor and Senior Awareness Magazine.
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