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Lee J. Slavutin | |
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Spouse | Debra C. Slavutin |
Website | sternslavutin |
Lee J. Slavutin is an entrepreneur, author and speaker in the areas of life insurance and financial planning.
He was born in Melbourne, Australia, in 1951 to a Jewish family. He trained as a medical doctor with a specialization in pathology, and practiced pathology at Lenox Hill Hospital from 1979 to 1982. In 1983, Slavutin changed careers to become a life insurance advisor. [1] He is the co-founder of Stern Slavutin 2, Inc., which provides life insurance and estate planning advisement in New York City. [2] He is also a Jewish scholar. [3]
Slavutin has served as director of the Estate Planning Council of New York and was inducted into the Estate Planning Hall of Fame in 2014 by the National Association of Estate Planners and Councils. [4] He is also an Insurance Expert for the publication Bottom Line/Personal. [5]
He is the author of A Guide to Life Insurance Strategies, an accounting textbook. [6] Slavutin has written articles for Stephan Leimberg’s LISI Newsletter, [7] as well as for Financial Advisor Magazine, [8] Financial and Estate Planning, [9] and Practitioners Publishing Company. [10]
In 1990, Slavutin testified for the New York State Senate, [11] and in 1994 he worked with the United States General Accounting Office [12] to evaluate insurance company rating firms.
Tommy George Thompson is an American politician from Juneau County, Wisconsin. He served as the 19th United States secretary of Health and Human Services from 2001 to 2005 in the cabinet of President George W. Bush. Before that, he was the 42nd governor of Wisconsin (1987–2001) and Republican floor leader in the Wisconsin State Assembly (1981–1987).
Robert Foster Bennett was an American politician and businessman who served as a United States Senator from Utah from 1993 to 2011. A member of the Republican Party, Bennett held chairmanships and senior positions on various key Senate committees, including the Banking, Housing and Urban Affairs Committee; Appropriations Committee; Rules and Administration Committee; Energy and Natural Resources Committee; and Joint Economic Committee.
A life settlement or viatical settlement is the sale of an existing life insurance policy for more than its cash surrender value, but less than its net death benefit, to a third party investor. Such a sale provides the policy owner with a lump sum. The third party becomes the new owner of the policy, pays the monthly premiums, and receives the full benefit of the policy when the insured dies.
John Morrison is an American attorney and politician who served as the elected Montana State Auditor and Insurance and Securities Commissioner from 2001 to 2009. Morrison has been a leader in health insurance policy and litigation and has handled prominent legal cases. He is the senior partner at Morrison Sherwood Wilson Deola, a public interest law firm based in Helena, Montana. In 2006, he ran unsuccessfully against Jon Tester in the Montana Democratic primary for the United States Senate nomination.
New York Life Insurance Company (NYLIC) is the third-largest life insurance company and the largest mutual life insurance company in the United States, and is ranked #71 on the 2023 Fortune 500 list of the largest U.S. corporations by total revenue. In 2023, NYLIC achieved the best possible ratings by the four independent rating companies. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.
Ameriprise Financial, Inc. is an American diversified financial services company and bank holding company based in Minneapolis, Minnesota. It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning.
A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory body in order to provide advice.
Lee B. Stern is the longest tenured trader at the Chicago Board of Trade. He has been one of the most successful traders in the commodities market throughout his membership, and is well known for his involvement in the Chicago sports scene. He was the President of the North American Soccer League's Chicago Sting, and remains a director and minority owner of the Chicago White Sox.
A multi-family office (MFO) is an independent organization that supports multiple families to manage their entire wealth. Multi-family offices typically provide a variety of services including tax and estate planning, risk management, objective financial counsel, trusteeship, lifestyle management, coordination of professionals, investment advice, and philanthropic foundation management. Some multi-family offices are also known to offer personal services such as managing household staff and making travel arrangements. Because the customized services offered by a multi-family office can be costly, clients of a multi-family office typically have a net worth in excess of $50 million.
Eric R. Dinallo is a partner and chair of the insurance regulatory practice at Debevoise & Plimpton LLP and a member of the firm's Financial Institutions and White Collar & Regulatory Defense Groups. Formerly Executive Vice President, Chief Legal Counsel at The Guardian Life Insurance Company of America, Inc. Formerly Superintendent of Insurance for New York State, he was nominated by Governor Eliot Spitzer and confirmed by the New York State Senate on April 18, 2007, as the 39th Superintendent of the New York State Insurance Department. On May 28, 2009, he announced his resignation and subsequently left state government service to become a visiting professor at New York University's Stern School of Business. On August 24, 2009, Dinallo announced that he was preparing for a possible campaign for the elected office of New York State Attorney General. He was defeated in the primary on September 14, 2010, by Eric T. Schneiderman, who went on to win the office in the general election.
Private placement life insurance is a form of cash value universal life insurance that is offered privately, rather than through a public offering. It is typically only available to wealthy clients. A 2024 US Senate report alleged that the insurance mechanism in practice functions as a tool for tax avoidance, specifically for inheritance taxes, and was at the time being used to shelter up to $40 billion.
Andrea F. Nuciforo Jr. served as a Democratic State Senator from January 1, 1997, until January 3, 2007, representing the Berkshire, Hampshire, Franklin, and Hampden and Berkshire, Hampshire and Franklin Massachusetts Senate districts in western Massachusetts. He is an attorney, having practiced law with a focus on commercial real estate, health care, education and business litigation. He ran unsuccessfully for the Democratic nomination of the United States House of Representatives in Massachusetts's newly drawn 1st congressional district on September 6, 2012.
Richard Greco Jr. is an American businessman, educator, former United States Government official, and long-standing trustee and benefactor of educational, cultural, and civic institutions. He was appointed by President George W. Bush of the United States and confirmed by the Senate as the nation's 19th Assistant Secretary of the Navy and served from 2004 to 2007.
SBI Life Insurance Company Limited is an Indian life insurance company which was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. SBI has a 55.50% stake in the company and BNP Paribas Cardif owns a 0.22% stake. Other investors are Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., holding a 1.95% stake each while the remaining 12% is free float stake with public investors. It has Assets under management(AuM) worth ₹352,422 crore (US$42 billion) and a Gross Written Premium(GWP) of ₹67,320 crore (US$8.1 billion) as of March 2023. SBI Life has an authorized capital of ₹20 billion (US$240 million) and a paid up capital of ₹10 billion (US$120 million).
Juvenile life insurance is permanent life insurance that insures the life of a child. It is a financial planning tool that provides a tax advantaged savings vehicle with potential for a lifetime of benefits. Juvenile life insurance, or child life insurance, is usually purchased to protect a family against the sudden and unexpected costs of a funeral and burial with much lower face values. Should the juvenile survive to their college years it can then take on the form of a financial planning tool.
Palisades Hudson Financial Group LLC, was founded in 1993 by Larry M. Elkin. The fee-only financial and tax-planning firm also has an affiliated Registered Investment Adviser arm, Palisades Hudson Asset Management, L.P., which began in 1997. Palisades Hudson Asset Management had more than $1.1 billion in assets under management as of April 2013. It offers services including personal financial planning, estate planning, tax planning and tax return preparation, and investment management and asset allocation.
Northwestern Mutual is an American financial services mutual organization based in Milwaukee, Wisconsin. The financial security company provides consultation on wealth and asset income protection, education planning, retirement planning, investment advisory services, Financial Planning trust and private client services, estate planning and business planning. Its products include life insurance, permanent life insurance, disability income, and long-term care insurance; annuities; investments; and investment advisory products and services. Northwestern Mutual ranked No. 90 on the 2021 Fortune 500 list of the largest United States corporations by total revenue and is in the top 30 by assets held. The firm distributes a portion of its earnings to eligible policyholders as annual dividends.
Richard L. Fox is an American author and attorney, best known for his work with large estates, and philanthropic planning.
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, Pub. L. 115–97 (text)(PDF), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), that amended the Internal Revenue Code of 1986. The legislation is commonly referred to in media as the Trump tax cuts. Major elements of the changes include reducing tax rates for corporations and individuals, increasing the standard deduction and family tax credits, eliminating personal exemptions and making it less beneficial to itemize deductions, limiting deductions for state and local income taxes and property taxes, further limiting the mortgage interest deduction, reducing the alternative minimum tax for individuals and eliminating it for corporations, doubling the estate tax exemption, and reducing the penalty for violating the individual mandate of the Affordable Care Act (ACA) to $0. The New York Times has described the TCJA as "the most sweeping tax overhaul in decades".
Charles Paul Rettig is an American attorney who served as the United States Commissioner of Internal Revenue, the head of the U.S. Internal Revenue Service (IRS). On September 12, 2018, the United States Senate confirmed Rettig's nomination to be Commissioner for the term expiring November 12, 2022. Rettig was sworn in on October 1, 2018.