Extraordinary and monumental changes are happening. With AG 49-A, IRC Section 7702 changes and the Democrats controlling three branches, what’s the bottom line? There’s short-term confusion, but it’s going to be net-positive for our industry, creating extensive value-add opportunities to your relationships.
Lawmakers have enacted six major bills—costing $5.3 trillion—to help manage the pandemic and mitigate the economic burden on families and businesses. There are numerous proposals on the table to massively increase taxes of all types.
The President’s infrastructure proposals are likely to require trillions of dollars in new tax revenue. There are numerous proposals on the table to massively increase taxes. Engage in these sectors and use this to create client interest. This cheat sheet identifies individuals, businesses, estate and gift tax and other impactful proposals.
Expand your practice by capturing opportunities created by monumental legislation changes and tax proposals.
Why It Matters & the Impact
With Section 7702 changes and significant tax changes proposed in 2021, see how this will impact 2021 and what’s to come.
Justin is the founder of Balanced Strategies, LLC, and leads Advantage Insurance Network’s joint resource platform, AdvantagePoint. Justin is also a Principal of Cavalier Associates, a national life insurance brokerage general agency, and a founding Principal of America’s Top Planner™. He serves as a member of various industry groups, including AALU, and has served as a board member of Forum 400 as well as his local Society of Financial Services Professionals chapter. Justin is a graduate of the University of Oregon where he earned his Bachelor of Science in Economics.
John helps wealth holders, advisors and strategic partners implement and maintain advanced wealth/business protection and transfer strategies. He currently serves as a Finance Commissioner to the city of Newport Beach, Calif., is the immediate past president of The Elite OC: Young Professionals Giving Back, and is a graduate of University of Cincinnati, where he received his BS/MS in Aerospace Engineering as well as his MBA.
James spent over a decade with one of the largest life insurance companies in the United States. Before joining the team, James was the Vice President and head of Competitive Market Solutions for Lincoln Financial Group where he led a team of 20 professionals that focused on competitive analysis, advanced planning, product manufacturing and internal and external customer training for life insurance and long-term care. James received an MBA in Leadership and a BS in Management from Franklin Pierce University. He was also named one of the Top 25 rising stars under the age of 40 in life insurance distribution by LIMRA.
Mike was formerly president and managing director of Global Atlantic Financial Corporation’s life insurance business. Prior to that, he held a number of senior executive-level positions with the former Aviva USA, including executive vice president of life and annuity sales, executive vice president of operations and general counsel.
Pat’s spent the last decade working with advisors to develop strategies to minimize the impact of taxation, weaving insurance strategies into trusts and helping boutique advisors better serve their clients. He is knowledgeable in carrier strengths and capabilities, and can step in at a moment’s notice to provide accurate information and unparalleled support.
Rena melds her vast knowledge and expertise in the insurance arena with her passion for helping advisors create flexible strategies that positively impact clients. Her knowledge base in traditional life insurance, long-term care and disability insurance makes her indispensable for solving client needs with even the most-complex insurance applications.
913.814.0510
6330 Sprint Pkwy
Suite 400
Overland Park, KS 66211
getcreative@creativeone.com
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR USE WITH THE GENERAL PUBLIC. The information provided herein is the exclusive property of CreativeOne and is protected by copyright and other intellectual property laws of the United States. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. Broker-Dealer and Registered Investment Advisory services provided by CreativeOne Securities, member FINRA/SIPC. CreativeOne Securities is a wholly owned subsidiary of CreativeOne. CreativeOne is not responsible for the results of the program or any liability stemming from the use of it. Although we may promote and/or recommend the services offered by this company, agents are ultimately responsible for the use of any materials or services and agree to comply with the compliance requirements of their broker-dealer and registered investment adviser, (if applicable), and the insurance carriers they represent.
© 2023 Creative One Marketing Corporation.
We collect information based on your actions although it does not personally recognize you when you visit our website or those that we serve advertisements. We collect information from you when you register on our site or fill out a form. Your information is collected and used to improve customer service and help us effectively respond to your service and support needs.
Your information will never be traded, shared or sold.
The online privacy policy only applies to information collected through our website and not to information collected offline.
We do send periodic emails and your email address may be used to send to you information and updates pertaining to your needs for services you may be interested in. All of our emails use common email best practices and are CAN SPAM compliant. All of our emails contains easily opt out links in the footer.
Our advertisers and us try and reach the best inventory by working with third parties to help us recognize the user and serve them relevant ads when you are in the network. We also can recognize you on different devices to show those advertisements. We also use third parties for online website analytics so we can continue to serve the right ads to the right person.
We will use cookies and pixels to keep track of your actions on our website. As you browse creativeone.com, advertising cookies will be placed on your computer so that we can understand what you are interested in so that we serve you more relevant ads. Cookies are usually small text files, with an Id tag to store in the computers data subfolders. Our display advertising partner then enables us to present you with retargeting advertising on other sites based on your previous interaction with creativeone.com. The techniques our partners employ do not collect personal information such as your name, email address, postal address, or telephone number. You can visit this page to opt out of our display partner’s targeted advertising.
By using our site you consent to our privacy policy.
Our Privacy Policy was last updated on March 30, 2015 and if there are any questions feel free to refer to our contact page.
