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Policy Matters



  • Most clients with health issues can get life insurance; most are not outright declined. Insurance companies use table ratings that add charges to standard class when health issues exist that, in the eyes of the insurance company, require a higher premium. Most insurance companies will offer policies with table ratings up to Table 12
  • The difference between irrevocable and revocable trusts? They’re both living trusts.
    • Irrevocable trusts generally constitute a complete gift made that may have gift tax consequences. Control and ownership are relinquished to the trustee over any property placed in an irrevocable trust. Income and estate tax savings that are applicable to any gift of property or cash may also result.
    • Revocable trusts are an effective device to transfer assets directly to beneficiaries outside the probate estate, avoiding probate costs in estate settlement, and are often considered a better vehicle than wills for ensuring individuals receive specific property. No income, estate, or gift tax savings exist under a revocable trust, and the transfer into the trust does not constitute a completed gift. Therefore, no gift tax is assessed, the trust property will be included in the taxable estate, and trust income is taxable to the grantor. Administration and management charges must also be paid, offsetting the savings generated from the formation of the trust.

That’s why teamLLIS is here! To make things understandable and simple to process for you and your clients.


Term Life Insurance | Low-Load Universal Life (Individual & Survivorship) | No Lapse Guaranteed Univeral Life (Individual & Survivorship) | Long Term Care Insurance | Disability Insurance | Critical Care Insurance | Low-Load Variable Annuity | Immediate and Fixed Annuities | Low-Load Variable Universal Life | Hybrid Life/LTCi | Hybrid Annuity/LTCi

(We recommend low-load permanent life insurance and annuities when possible)

(Not all policy types available in all states)

For a list of current providers, visit the Advisor Tools section of our website and click on "Insurance Companies We Work With".

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