rigorous and respected professional credential.

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For additional information, including a list of FAQs, visit the Institutes’ Web site at www.TheInstitutes.org or contact customerservice@TheInstitutes.org.

Big “I” Supports Death Tax Relief Legislation

 

The estate tax is currently 0% but will return Jan. 1, 2011, with a 55% rate and a $1 million exemption.

Small Business Needs Protection “The estate tax disproportionately impacts small and family-owned businesses that serve local communities and are the backbone of our economy,” says Charles Symington, Big “I” senior vice president of government affairs. “Without real permanent relief, family-owned small businesses are stalled when trying to plan ahead and/or make important business decisions about their futures. Many of these businesses are asset-rich, yet lack liquidity to pay estate taxes when an owner passes away.”

This is Round Two In 2009 the Big “I” and its coalition partners, over forty business trade associations that formed the Family Business Estate Tax Coalition, voiced their support for a similar bipartisan amendment sponsored by Senators Kyl and Lincoln that was passed by the Senate during consideration of the congressional budget.

About Big “I”

Founded in 1896, the Big “I” is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of more than 300,000 agents, brokers and their employees nationally. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance — property, casualty, life, health, employee benefit plans and retirement products. Web address: www.independentagent.com.