Estate Planning with Life Insurance

When setting up a life insurance policy, it is necessary to select a beneficiary to receive the proceeds upon your death.Many clients have questions about the role of a primary beneficiary and how it differs from the privileges of a contingent beneficiary.  Ensure peace of mind by designating primary and contingent beneficiaries, ensuring your loved ones are [...]

For several decades now, many wealthy people have often purchased a second-to-die life insurance policy to protect the value of their estate.However, many families are no longer responsible for estate taxes because of the huge tax exemption. This has put many people with enormous estates in a state of flux with their estate planning.Of course, many [...]

Affluent families historically used second-to-die life insurance for estate tax protection. However, changes in estate tax laws and increased exemptions mean many wealthy households no longer face these taxes. Nonetheless, second-to-die policies remain a valuable tool for transferring wealth. Our guide explores how to use them to build generational wealth and highlights their advantages. Quick [...]

Understanding the taxation on life insurance is essential for sound financial planning.Whether you’re a beginner or have an existing policy, it’s important to know: Is life insurance taxable? Let’s dive in and uncover all there is to know about taxability related to life insurance coverage so you can make an informed decision for yourself and your [...]

Many individuals typically view life insurance as a means to provide financial stability for their loved ones in the event of their death.However, it may come as a surprise that people often utilize life insurance for estate planning purposes.In fact, there are numerous ways in which life insurance can be employed to manage one’s estate [...]