On July 21st, Prudential Financial announced the sale of its retirement segment to Empower, a large player in the qualified retirement plan marketplace, for $3.55 Billion.
Disability Insurance Reminder
Disability insurance tends to be one of the most overlooked benefit programs in corporate America today. However, an employee experiencing a disability event is a real threat to employers, as 25% of employees entering the workforce…
Biden Releases Budget and Green Book
FINSECA Takes a Deep Dive into the Green Book On Friday, May 28th the Biden Administration released the 6 trillion-dollar budget for the upcoming fiscal year.
Why Hundreds of Insurance Carriers Hold ICOLI
Hundreds of insurance carriers hold insurance company-owned life insurance (ICOLI) as part of their investment strategy.
Is ICOLI Worth the Effort?
Insurance company owned life insurance (ICOLI) can provide an increase in retained yield on a given investment. Usually, the pickup is more than +150bps per year.
Retirement Savings Crisis in the United States
The retirement savings gap in the United States is nothing new – for at least the last decade experts have warned that savings rates are down. Exacerbating the issue is the pandemic of 2020.
Basic Taxation for ICOLI
ICOLI can provide improvements to your investment returns, but how is this asset treated for tax purposes? ICOLI Taxation ICOLI is a tax-preferred asset. (See IRC secs. 7702, 72(e), and 101(j)) Taxation Investment into the contract…
Group Term Life Is Not Enough
Learn about a new and easy option to offer your employees more coverage. The economic environment and health concerns brought on by the global pandemic have many Americans thinking more thoughtfully about financial plans and security.
2021 Q2 Tax Planning for Corporate Investments
Now is the time to tax-plan for your company’s equity investments. Why now? President Biden has proposed an increase in C corporation tax rates, which would raise the federal rate from 21% to 28%. Corporations can choose to take action…
Are Your Company’s Current Investments Available Tax-free
A common misconception is that ICOLI (Insurance Company-Owned Life Insurance) is just a general account investment. It is not. Traditional market traded investments are available within an ICOLI wrapper – likely, some that you already own.