Leveraging Life Insurance Premium Payments, Second Edition

(Paperback)

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Split-dollar financing of life insurance premium payments is useful in any situation where one person or entity has the cash to pay the premiums and another person or entity has the need for life insurance coverage. In recent years, split-dollar arrangements have been used in a wealth transfer context, allowing the annual gift to the ILIT to be much less than the entire premium payment, because the employer, corporation or donor was entitled to recover its advances from the cash value or death benefit.

Author Bio

Donald O. Jansen is Associate General Counsel, Office of the General Counsel, University of Texas System. He is a retired senior partner of Fulbright and Jaworski L.L.P. (now Norton Rose Fulbright). He is a former Fellow of the American College of Trust and Estate Counsel and a current Fellow of the American College of Tax Counsel. Mr. Jansen is a past Chairman of the Committee of Significant Current Literature and Vice-Chair of the Insurance Committee, Probate and Trust Division, Real Property, Probate and Trust Law Section of the American Bar Association. Mr. Jansen is a specialist in estate planning and probate law certified by the Texas Board of legal Specialization and is the past Probate Editor of the Newsletter of the Real Estate, Probate and Trust Law Section of the State Bar of Texas. He has been designated by his peers as a Texas Super Lawyer in estate planning in 2003, 2004 and 2005. He is a 2014 recipient of the Outstanding Eagle Scout Award presented by the National Association of Eagle Scouts. Mr. Jansen was inducted into the National Estate Planning Hall of Fame(r) in 2017. He is a past member of the Federal Bar Association National Council and a past president of the Houston Chapter. He is an Accredited Estate Planner(r) (Distinguished). Mr. Jansen is a member of the Advisory Committee, Heckerling Institute on Estate Planning, University of Miami School of Law. Lawrence Brody is a Partner of Bryan Cave LLP, an international law firm, resident in the St. Louis office. He is a member of its Private Client Service Group and its Technology, Entrepreneurial & Commercial Practice Client Service Group. He has been an Adjunct Professor at Washington University School of Law since 1968, teaching Estate Planning and Drafting, a visiting Adjunct Professor at the University of Miami Law School, teaching a course on Life Insurance, and is the author or co-author of numerous articles and books on the use of life insurance in estate and employee benefit planning, including two BNA Tax Management Portfolios, two books for the National Underwriter Company, a number of volumes in the ABA Insurance Counselor Series and co-authors of the AALU series of Newswires on insurance and estate planning developments. Mr. Brody is a member of both The American College of Trust and Estate Counsel (ACTEC) and The American College of Tax Counsel, is a frequent participant at ALI-ABA (now ALI-CLE) estate planning programs and Society of Financial Professionals programs and teleconferences, and has spoken at all major life insurance industry programs (including the MDRT, LIMRA, the Top of the Table, AALU and the International Forum), many local estate planning council meetings, a number of state bar association conferences, and many national estate planning programs, including the Heckerling Institute, the Notre Dame Estate Planning Conference, the ALI-CLE STEP program, the Southern Federal Tax Institute, the NYU Tax Institute, the NAEPC Annual Meeting, and regional ACTEC meetings as well as at several ACTEC Annual Meetings. He is a member of the Advisory Committee for the Philip E. Heckerling Institute on Estate Planning, of the University of Miami School of Law, and a member of the Editorial Boards of BNAs Estates, Gifts, and Trusts Journal, and the Society of Financial Service Professionals CLU Journal. Mr. Brody received the designation of Accredited Estate Planner by the National Association of Estate Planners and Councils, and was one of ten individuals awarded its Distinguished Accredited Estate Planner designation in the initial class, in 2004. Mr. Brody was named a Distinguished Law Alumni by Washington University School of Law in 2012.