Split dollar has long been a valuable planning tool for advisors to assist their business-owner clients retain key employees by providing them with life insurance protection and supplemental retirement income. It also has very attractive applications in the estate planning market. In recent years split dollar has become even more appealing due to the historically low-interest-rate environment. In 2018 and beyond the Tax Cuts and Jobs Act has provided another strong reason to consider split dollar: a much lower corporate income tax rate.
Closely held business owners are critically reliant upon their key employees. We find time and again that while these clients are experts at running their business, they require education and guidance on planning for their business. In order to best serve these business-owner clients, advisors must be knowledgeable on executive benefit programs, including split-dollar life insurance. This webinar will help attendees fully understand split dollar, why it’s appealing, how it works, and its various planning applications.
Attendees will learn:
The difference between loan regime and economic benefit regime split dollar
Why low interest rates and a new lower corporate tax rate make split dollar even more beneficial
The pros and cons of split dollar compared to other executive benefit programs
Mark T. Brumbaugh, JD joined Guardian in 2008 and is a Senior Consultant with the Business Resource Center for Advanced Markets. In this capacity, he works closely with Guardian agents in their efforts to assist closely-held business owners and wealthy clients plan for their future. He has over twenty years experience helping insurance professionals and other advisors to implement and understand the tax consequences associated with all manner of advanced planning techniques such as business continuation plans, executive benefits programs, charitable giving and life insurance trusts. Prior to joining Guardian Mark held comparable positions at Nationwide, Provident Mutual and Manulife Financial. He obtained his law degree from Temple University and a B.S. in economics from Penn State University.
1 CFP® credit, 1 CPE (accounting) credit, and 1 PACE/PRCE (Professional Recertification) credit are available.
$5.00 fee per credit.
You must participate in the live webinar in order to earn CE credits. For those requesting credits, a certificate of completion will be emailed to you about a week after the webinar, upon successful completion of the webinar. For CFP® credit, FSP will report your credit to the CFP Board for you after the webinar.
Registration Fee (includes PowerPoint and access to the archived program)
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- Register online by selecting the "Register" button above.
- Call our Member Services department at 800-392-6900, Monday–Friday, 9:00 a.m. – 4:00 p.m. ET
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Upon registration, you will receive instructions via e-mail on how to participate in the program. The e-mail will also include instructions for downloading the PowerPoint presentation.
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This program will be recorded and archived and the link to the recording will be emailed to all registrants about a week after the webinar. The recording will also be accessible by all FSP members in the Member Resources area of the Website within 24 hours of the webinar. The recording will include both the audio portion and PowerPoint slides.