IMPORTANT SURVIVOR information in many former
HL issues but INSURANCE section of High Life 340 and FINANCE section of 336 a
good resource to keep.
CORRECTION to language I used in HL 350 for
the D & S Plan TRUST
All Archived High Lifes issues: https://drive.google.com/drive/folders/0BzB_SBDmSd9AMzViODQ3MDQtODhjYy00YzkwLThiMzktM2FhMDEzMDZhYjA0?resourcekey=0-sovghKhA1zNRWP5SUxjUqA&usp=sharing
I
previously used the word ‘unfunding’ or ‘defunding’ the Trust but I believe that is in error and
can cause unnecessary misunderstanding. The Company is not defunding the Trust but rather
funding it ‘monthly’ as opposed to carrying a long term balance. There IS a tax advantage for both Company and
Beneficiary from the Section 501(c)(9) nature of the Trust so, one would expect
to see the Company continue to keep the Trust even though the funding is not executed
well in advance.
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