Universal life insurance policies were sold in the 80's and 90's to wealthy customers for the tax benefits. The premium covered the death benefit and what's left over grows tax-deferred. Whats not to like?  

Urgent Legal Issue?
Call 805-963-9721 or use the email form on this page.

Well, back then, the excess earnings were hitting anywhere from 6% to 12% interest. Nowadays, with Federal Reserve Chairman Ben Bernanke keeping the interest rates low since 2008, it’s been more like 3%–or 4%. This is an estate planning variable that is going to surprise some folks.

Forbes staff member Ashlea Ebeling wrote an excellent article on this subject on the Forbes website.  Click here to read it in its entirety. [Don't be afraid of the ads that sometimes pop up when you enter the Forbes site, just close them and you'll immediately see the article].

Looking for a great estate planning, trusts and probate attorney?  Have questions regarding universal life insurance policies?  Contact us.  We can help

-The Estate Planning Team
  Rogers, Sheffield & Campbell, LLP 

Practice Areas And Regions Served

Rogers, Sheffield & Campbell, LLP primarily serves individuals, families and businesses up and down California's Central Coast and North Los Angeles County, including many Santa Barbara, San Luis Obispo, and Ventura County communities.

Our experienced legal team includes business lawyers, real estate lawyers, tax lawyers, estate planning lawyers and civil litigation lawyers. Our areas of legal practice expertise include Business Law, Entity Formation, Real Estate Law, Tax Law, Estate Planning, Wills, Trusts, Probate, Wine Law, Vineyard Law, Civil Litigation and Alternative Dispute Resolution.

Disclaimer

This website is offered as a service to our clients and to the public  Read our disclaimer

Privacy Policy

Our privacy policy applies to information collected online from users of this website.