"Index rate" policy illustration introduced

Article Abstract:

A new policy illustrator for life insurance should make it easier for customers to see how interest rates affect policy premiums and returns. The insurance industry is quick to show computerized illustrations of expected returns to customers. These returns are based on interest rates that may or may not continue to exist. If interest rates fall, as they have for years now, policy-holders may find themselves paying more premiums for less return. Manulife's new policy illustrator is one of the only programs around that provides a fair assessment of the effects of interest rates on life insurance.

Innovations, Economic aspects, Laws, regulations and rules, Interest rates, Insurance policies, Manufacturers Life Insurance Company (Philippines) Inc.

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CPAs can now receive commissions from the sale of investment and insurance products

Article Abstract:

The scope of services which may be provided by CPAs has expanded after state professional regulatory boards removed certain restrictions on CPA's ability to provide financial services. Most states allow CPAs to receive commissions on sales of financial service products under specified conditions. California requires a linkage of traditional services and financial services, but does not require separate licensing. Some CPAs prefer not to enter the financial services market due to increased ethical complications.

California, States, Investment advice, Investment Advisory Services, Financial Planning, Financial Personnel, Practice, Investment advisers, Accountants, Financial planners, Financial occupations

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Planning for possible capital gains tax at death

Article Abstract:

News reports that the Clinton administration is considering the imposition of a capital gains tax at death as one way of decreasing the deficit and making the tax system more fair necessitate preventive measures by estate planners. One possible offset for this tax would be adding first-to-die riders to survivorship policies in irrevocable life insurance trusts. Extra individual term insurance policies under the ownership of and payable to the trust are another possibility.

Methods, Usage, Life insurance, Estate planning

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