Overview

The T&E attorney engaged GFG to analyze the portfolio and identify potential cost savings. The composition of family trusts were changing, and cash flow was an issue. Reduced dividend crediting rates had affected paid up additions and term insurance component of portfolio.

GFG proposed a tax-favored 1035 exchange of the policy cash surrender value into two new product chassis, resulting in reduced annual premiums, same level of death benefit and long term/lifetime death benefit guarantees. Read More…