Filed Under:Life Insurance, Sales Strategies

Estate tax: Planning with certainty


I have heard some rumblings through the life insurance industry lamenting the estate tax provisions of the American Taxpayer Relief Act of 2012, signed into law by President Obama on Jan. 2 to avert the fiscal cliff .

The deal permanently set the individual exemption for estate taxes at $5 million, with a top tax rate increasing to 40 percent. Without the deal, the top estate tax rate would have ballooned from 35 percent in 2012 to 55 percent, with just a $1 million exemption. In that event, LIMRA says 12.5 percent of U.S. households would have had potential estate tax liability, and the average tax due for them would be $1.4 million. Yes, that would have meant many of them would have been in the market for life insurance policies for estate planning purposes.

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date


Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]


In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI


Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's


An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources


Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.