As we wave our farewell to the year of Ox, we are cheerfully welcoming the leader of Tiger joining with us in the year of 2022. On behalf of Auchel World and Grand Prospects, I would like to extend my heartfelt gratitude and best wishes to all our distinguished friends, partners, agents along with all the dedicated employees and their families, a happy new year!
By looking back to the year of 2021, we started in a position of strength, and have achieved great success. In addition to the existing branch offices, we had the relocation and expansion our three East Coast offices of Philadelphia, Boston and New York. All of our well-appointed offices offer ultimate supports and services locally to our agents and agency partners, making us one of the fast growing Master General Agencies in the industry.
During the year of 2021, the Pandemic has not been conquered. Although the vaccination program is massively offered to all populations, variant viruses are emerging one after another. The Federal Reserve’s QE program is changing and high inflation is still a big challenge we will have to face. The government tax reform proposal, both individuals and companies can see tax rates increase, especially for high-net-worth individuals, where the estate and gift tax exemption will be slashed.
The IRS section7702 clause has brought major changes to the financial and insurance industry. That makes Life insurance become an even more attractive option for individuals looking for places to put money and enjoy tax-deferred growth because of more capacity for those premium dollars.
Looking forward to 2022, we view more opportunities and hopes than the difficulties and challenges. We would continue to bring exceptional quality and value to our partners, agents and all valuable clients.
Auchel World and Grand Prospects will stay to correspond to the adaptations in 2022 and will continue to grow strongly. We believe that our employees, agents and all respected partners will work together to get along with the transformation in the era. Our concept of “Go Deep” and “Be Precise” has made us one of the best companies across the Nation. Adhering the focus on our principal business – life insurance, wealth transferring, tax planning, business continuation and global asset allocation, together with our hearts should bring about a great companionship and accomplishment in the Year of the Tiger.
My warmest greeting to all of you in the coming year, be our companion and look ahead to a full strike in 2022!
Haidi Huang CLU, ChFC, CLTC