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The Impact of COVID-19 on Client’s Life Insurance & the SECURE Act

The Impact of COVID-19 on Client’s Life Insurance & the SECURE Act


Slashed Interest rates and the stock market plunge have further exacerbated an already deteriorating situation whereby the client's non-guaranteed life Ins coverage is expiring prematurely as a result of client neglect & inaction caused by their Not understanding their current life Ins portfolio.

After all, Insurers are really nothing more than leveraged Banks and when interest rates/bond rates get down to 0, non-guaranteed products have to raise their COI's cost of Insurance, to shorten the duration of their Insureds life insurance policies in order to further reduce their own risk by laying it off to their unsuspecting insured's.

When you overlay this info on to the people who will be impacted by the SECURE Act it makes for a very uncomfortable situation as Life Ins was the only available tool to offset the increased tax liability their beneficiaries will face.


Henry Montag, CFP – The Toli Center East

Jay P. Sheryll, Esq. – Sheryll Law P.C.

Section Member Price: $25.00 Join (or renew) for special member pricing
Non-Member Price: $150.00
Published Date:
  • May 13, 2020
  • Online On-Demand
Product Code:
  • VHJ21
Areas Of Professional Practice Credit(s):
  • 1.0
Total Credit(s):
  • 1.0
Recorded Date:
  • 50min