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KBM Consulting Insights

Strategic Relationships with KBM Consulting

Strategic Relationships with KBM Consulting

Our consulting team has broad experience in all areas of product analysis, comprehensive advanced case design, life insurance and annuity product knowledge, as well as customized tax planning. We are able to objectively listen to the goals of your clients and utilize cutting edge planning and funding techniques. The variety of expertise available from KBM allows...

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Is it Time to Evaluate Your Non‑Qualified Plans?

Is it Time to Evaluate Your Non‑Qualified Plans?

Companies with non-qualified plans typically put them in place to retain and reward key talent, provide retirement income, and to attract new key executives. These long-term benefit plans can be designed to fill the gap created by limits to traditional qualified retirement plan contributions and benefits. It is critical to periodically measure both the benefits...

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Transferring a Life Insurance Policy

Transferring a Life Insurance Policy

4 Items to Consider An existing life insurance policy may be transferred to an irrevocable life insurance trust via gift or sale. Given the type of transfer, potential tax consequences should be considered. (1) Avoiding the 3 Year Rule Under Code Section 2035, the insured must survive for three years after the life insurance policy is transferred, beginning on the...

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Planning for Your Digital Assets

Planning for Your Digital Assets

What are Digital Assets? Text, images, multimedia information or personal property stored on a server, computer, or other electronic device which currently exists or may exist as technology develops and regardless of the ownership of the physical device upon which the digital asset is stored. Digital assets include, without limitation, any words, characters, codes...

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Consider Decanting an Irrevocable Trust

Consider Decanting an Irrevocable Trust

Why Decanting? Decanting is the act of distributing the assets of an old trust to a new trust with more favorable terms.  It provides a more simplistic method for correcting errors or adding flexibility to a trust. Decanting can present new planning opportunities that may meet the client’s needs given their current goals and objectives. (1) Correcting Drafting...

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Why Review a Life Insurance Policy?

Why Review a Life Insurance Policy?

A life insurance policy is an asset that must be managed on a consistent basis. We have outlined the top 6 reasons of why a life insurance policy should be reviewed. (1) Have Your Goals and Objectives Changed? As your needs change over time, is the life insurance policy(ies) still applicable given your current financial and future goals? Generally, the need for life...

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Using Life Insurance to Fund Estate and Tax Liabilities

Using Life Insurance to Fund Estate and Tax Liabilities

When a liability exists for a company, family or individual, it is prudent to build an asset to match, or offset, the potential requirement for future cash.  A variety of assets can be considered for asset-liability matching, including mutual funds, life insurance, annuities, or other outside investments. Sources of Liabilities Estate Tax Future Benefit Payments...

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