Our strategic partners have placed over $40 Billion of permanent life insurance with a financed premium portfolio that exceeds $4 billion. We have achieved this unprecedented success and reputation by using a thoughtful and conservative approach we call Intelligent Leverage. With potential changes in both income and estate tax codes on the horizon, clients need ways to plan despite the uncertainty.
Future estate taxes are very uncertain but there have been proposals to increase the top tax bracket and long-term capital gains taxes to nearly 40%. At the same time, the estate tax gift exemption, which is currently at over $11 million, is set to expire in 2025 and revert to $5 million with rumors swirling that the current administration may decrease it even sooner to $3.5 million with a top tax bracket of 45% and eliminate stepped-up basis on Capital Assets at death.