AALU Library

The AALU Library gives you access to all your premium content. With all the best information organized in one place and searchable, it has never been easier to find the information to help you maximize your business. From deeper dives into diverse topics with our Washington Report Marketplaces to issue one-pagers and webinars featuring industry leaders with decades of experience, the AALU Library is your one-stop-shop for policy and professional updates.

DOL Issues Proposed Regulation Revising the Definition of Fiduciary and the Prohibited Transaction Exemptions for Adviser Compensation.

Topics: DOL, Fiduciary, Regulation

Thursday, June 4, 2015WRM#15-20 The WRMarketplace is created exclusively for AALU Members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and advisors.…

Nonqualified Deferred Compensation Section 409A Compliance

Topics: 409A, COLI/BOLI, NQDC

A Chief Counsel Advice memorandum of the Internal Revenue Service advises that a pre-vesting plan correction will not “save” a nonqualified deferral plan’s failure to comply with Section 409A of the Internal Revenue Code (“Section 409A”) if benefits vest before the last day of the tax year in which the correction was made.

Supreme Court of Texas- Life Settlement is Security

Topics: General life insurance

The Supreme Court of Texas held in two separate cases that a “life settlement agreement” or “viatical settlement agreement” is an “investment contract” and thus a “security” under the Texas Securities Act. The court reasoned that the agreements sold by Life Partners were investment contracts because they constituted transactions through which: (1) a person paid…

162 Bonus Plans – The Basics.

Topics: COLI/BOLI, NQDC

Thursday, May 28, 2015WRM#15-19 The WRMarketplace is created exclusively for AALU Members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and advisors.…

Portability 101 – How it Works and When it Makes Sense.

Topics: Tax treatment, Transfer taxes

Thursday, May 21, 2015WRM#15-18 The WRMarketplace is created exclusively for AALU Members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and advisors.…

NAIC Rules on Captive Reinsurance Transactions and Principle-Based Reserving

Topics: NAIC, Regulation

On December 16, 2014, the National Association of Insurance Commissioners (“NAIC”) adopted reserve financing rules for certain captive reinsurance transactions—NAIC Actuarial Guideline XLVIII (“AG 48”). These rules apply to most level-term contracts (known as “XXX”) and universal life with secondary guarantee (known as “AXXX”) contracts issued on or after January 1, 2015.

I Can’t Take It With Me, But Can I Give It Away? Transferring Shared Family Assets – Fundamental Questions, Practical Solutions.

Topics: Estate planning, Transfer taxes, Trusts

Thursday, May 14, 2015WRM#15-17 The WRMarketplace is created exclusively for AALU Members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and advisors.…

Excluding Life Insurance Death Benefits from the Estate – Easy, Right? It Depends.

Topics: Estate planning, General life insurance, Split-dollar

Thursday, May 7, 2015WRM# 15-16 The WRMarketplace is created exclusively for AALU Members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and…