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- Title
Removing the Irrevocable Life Insurance Trust as the Default in Estate Planning.
- Authors
Parrish, Steve
- Abstract
Life insurance in estate planning needs a fresh look. Instead of assuming the use of an irrevocable life insurance trust (ILIT) as the default estate planning approach, we should instead look at it as one of many ways of implementing a life insurance strategy. A new approach to life insurance planning is the wealth conservation and protection plan (W-CAP). A W-CAP is a simple estate planning methodology designed to preserve the client's estate both while alive and at death.
- Subjects
LIFE insurance; INSURANCE companies; QUALITY of life; RETIREMENT planning; FINANCIAL planning
- Publication
Journal of Financial Service Professionals, 2019, Vol 73, Issue 2, p32
- ISSN
1537-1816
- Publication type
Article