An Extraordinary Opportunity to Reform the Tax Code

by Richard S. Bernstein on Oct 27, 2017

Taxes, Estate Planning, Finance

On September 27, 2017, the Trump Administration, House Ways and Means Committee, and Senate Finance Committee released their unified framework for tax reform legislation.  The unified framework left a number of open issues such as the dividing lines for the different tax brackets and whether there will be a higher tax rate for the wealthiest taxpayers. 

Banks Believe In Life Insurance, Shouldn’t You?

by Richard S. Bernstein on Feb 17, 2017

Life Insurance, Banking, Finance

You might be surprised to learn that many banks often choose to make life insurance a significant percentage of their top-tier or “Tier 1” capital pools. Banks retain billions of life insurance on their books in order to provide liquidity to substantiate the banks’ other more risky practices. Therefore, the ability to quickly convert the dollar value of a life insurance policy into cash makes life insurance a strong asset to back up other financial investments. 

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