The Tools & Techniques of Life Insurance Planning, 7th Edition

Stephan R. Leimberg and Keith A. Buck

ISBN: 978-1-945424-48-9

Product #: 2700007

Format: Paperback, 8 1/2” x 11”, 650 pages

Pub Date: August 2017

Price: $175.00

About the Book

Life insurance remains one of the cornerstones of financial planning. If you provide life insurance planning to clients, or are looking to expand your business in this key area, this book is a must-have.

The expert authors, Stephan R. Leimberg and Keith A. Buck, deliver:

  • Detailed information about the entire range of life insurance products that can be used by estate and financial planners in a wide variety of circumstances
  • Planning techniques for retirement income needs, estate and gift tax avoidance, estate liquidity needs, and long-term care planning
  • Plain-language descriptions of the tax consequences of various life insurance products and strategies that plans can use to minimize tax liabilities
  • Planning techniques for individuals and businesses, including key personnel policies and buy-sell agreements

The 7th Edition includes:

  • Completely updated tax and accounting information
  • Expanded coverage of 1035 exchange rules, including partially tax-deferred exchanges
  • Improved planning techniques for pension maximization and buy-sell agreements
  • Detailed discussion of annuity types and tax consequences
  • Newly revised comparisons of permanent life insurance features, including joint life, single premium, and limited pay options
  • In-depth analysis of life insurance riders
  • Planning techniques for using life insurance in qualified and nonqualified plans

And, as with all the resources in the highly acclaimed Leimberg Library, every area covered in this book is accompanied by the tools, techniques, practice tips, and examples you can use to help your clients successfully navigate complex financial planning issues.

Table of Contents

Part 1

Chapter 1

Chapter 2

Chapter 3

Chapter 4

Chapter 5

Chapter 6

Chapter 7

Chapter 8

Chapter 9

Chapter 10

Chapter 11

Chapter 12

Chapter 13

Chapter 14

Chapter 15

Chapter 16

Chapter 17

Chapter 18

Chapter 19

Chapter 20

Chapter 21


Introduction to Life Insurance

How to Estimate the Insurance Need

How to Determine the Right Company

How to Determine the Right Policy

Legal Aspects of Life Insurance

Special Policy Provisions and Riders

Adjustable Life


Current Assumption Whole Life

Disability Income Insurance

Group Life Insurance

Joint Life (First-to-Die) Insurance

Limited Pay Whole Life Insurance

Ordinary Level Premium Whole Life Insurance

Single Premium Life Insurance

Survivorship Life

Term Insurance

Universal Life

Variable and Variable Universal Life

Indexed Universal Life

Guaranteed No-Lapse Universal Life

Part 2

Chapter 22

Chapter 23

Chapter 24

Chapter 25

Chapter 26

Chapter 27

Chapter 28

Chapter 29

Chapter 30

Chapter 31

Chapter 32

Chapter 33

Chapter 34

Chapter 35

Chapter 36

Chapter 37

Chapter 38

Chapter 39

Chapter 40

Chapter 41

Chapter 42


Modified Endowment Contracts

Section 1035 Exchanges

Life Insurance Income Taxation and Planning Opportunities

The Transfer for Value Rule

Life Insurance Valuation

Estate Taxation of Life Insurance

Gift Taxation of Life Insurance

Life Insurance and the Generation-Skipping Transfer Tax

Viatical and Life Settlements

Buy-Sell Agreements

Charitable Uses of Life Insurance

Death Benefit Only (DBO) Plan

Irrevocable Life Insurance Trusts

Key Employee Life Insurance

Life Insurance in Qualified Plans

Nonqualified Deferred Compensation

Pension Maximization

Revocable Life Insurance Trusts

Section 162 Plans

Split-Dollar Life Insurance

Current Trends in Life Insurance Planning


Appendix A

Appendix B


Tax Tables

Accounting for Life Insurance

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