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Peter Katt

author Image Peter Katt CFP, LIC, is sole proprietor of Katt & Co., a fee-only life insurance advising firm located in Kalamazoo, Michigan (269/372-3497); www.peterkatt.com.


Articles by this Author

Area of Expertise: life insurance

Website: www.peterkatt.com

Biography:
Peter Katt, CFP, LIC, is sole proprietor of Katt & Co., a national fee-only life insurance advising firm located in Kalamazoo, Michigan. Besides writing for the AAII Journal, Katt is an insurance columnist for the Journal of Financial Planning and Forbes.com. He was a regular guest on CNBC's Smart Money and appeared on Oprah as a life insurance expert. Mr. Katt has been interviewed and quoted in the national financial press over 150 times.

Articles by this Author


  1. Financial Planning »

    The Right Type of Life Insurance for Your Estate Planning Needs

    Life insurance works well for estate planning because of when benefits are paid and the ability to create wealth for heirs outside of the estate.

    July 2014 | Journal

  2. Insurance Products »

    Life Insurance Cash Value: A Practical Discussion

    Borrowing against or withdrawing the cash value of a policy will reduce the death benefit and could put the policy at risk of lapsing.

    January 2014 | Journal

  3. Insurance Products »

    A Primer on Insurance Products

    Practical commentary on using life insurance, long-term care insurance, disability insurance and annuity products.

    July 2012 | Journal

  4. Insurance Products »

    Life Insurance and Estate Gifting

    Potential changes in the tax law next year make it a smart estate-planning strategy to give as a large of a gift now as possible.

    March 2012 | Journal

  5. Insurance Products »

    Life Insurance: Managing Premiums and Policy Maturity

    Many participating whole life policies and universal life policies have death benefits that mature between ages 95 and 100, making routine management a necessity.

    June 2011 | Journal

  6. Insurance Products »

    Variable Universal Life: Astute Management Required

    The inherent volatility of equity sub-accounts makes this a very different type of life insurance.

    September 2010 | Journal

  7. Insurance Products »

    The Pitfalls of Life Settlements

    Life settlements are often unfavorable due to high commissions and a lack of transparency.

    May 2010 | Journal

  8. Lightening the Financial Load of Life Insurance Products image

    The Best of the AAII Journal »

    Lightening the Financial Load of Life Insurance Products

    Decisions about financial assets come under stress in difficult economic times. A look at four helpful ways of managing life insurance during such periods.

    May 2009 | Journal

  9. Insurance Products and Taxes: Keeping Uncle Sam at Bay image

    Insurance Products »

    Insurance Products and Taxes: Keeping Uncle Sam at Bay

    Taxes are a fact of American life that impact many areas, including life and disability income insurance. Understanding the relationship between insurance and taxes is important. A look at several tax issues.

    June 2008 | Journal

  10. Insurance Products »

    The Unsettled State of the Life Settlement Market

    Is your old policy worth more than its surrender value? That's what the life settlement market would have many older policyholders believe. But usually the transactions make little sense--unless you are the agent earning an enormous commission. Why it pays to be wary.

    September 2007 | Journal

  11. Insurance Products »

    What You Need to Know About Immediate Annuities

    Immediate annuities can be a valuable retirement asset for retirees willing to exchange principal for guaranteed lifetime income. What to look for in an immediate annuity.

    May 2007 | Journal

  12. Insurance Products »

    Annuities: The Good, the Bad and the Ugly

    Annuities seem to be more popular than ever, but most of this has been driven by marketing. A review of the annuity products available—and which ones are really advantageous for individual investors.

    July 2006 | Journal

  13. Insurance Products »

    Why You Should Avoid Investor-Initiated Life Insurance

    Individuals’ altruistic instincts are being tapped by a life insurance marketing scheme that has been coined “investor-initiated life insurance.” Although it may sound intriguing, this is something that you want to avoid.

    May 2006 | Journal

  14. Insurance Products »

    Tax-Advantage Opportunities With Cash Value Life Insurance

    Life insurance has exceptional income tax characteristics that are sometimes overlooked by advisors focusing only on term insurance. A look at three situations where the tax advantages can benefit your portfolio.

    November 2005 | Journal

  15. Insurance Products »

    Variable Life Illustrations and the Problem of Stock Volatility

    Variable life insurance policy illustrations can present a highly misleading picture to buyers who will be investing the policy primarily in equity subaccounts. Simulations of how the policy will fare based on various stock market results can paint a truer picture of how your premiums may change over time—and the risk of policy faliure if you neglect to adjust.

    July 2005 | Journal