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 [...]

Historically, affluent families primarily utilized second-to-die life insurance policies for estate tax protection.However, with changes in the estate tax laws and the substantial increase in estate tax exemptions, many wealthy households no longer face estate taxes.Despite this shift, second-to-die policies remain a valuable tool for strategic wealth transfer within families. Our comprehensive guide explores how to [...]

If you’re wondering why affluent individuals often choose to invest in life insurance retirement plans, you’ve come to the right place.Life insurance can be utilized alongside other investments for a well-rounded retirement strategy.Although not the same as 401Ks, IRAs, or Roth IRAs, many wealthy individuals have found value in purchasing these policies.LIRP insurance offers numerous [...]

Life insurance premium financing gives wealthy people greater control over their illiquid assets by using a bank loan to purchase significant death benefits.We will discuss how premium financing works, its benefits and drawbacks, and how it could fit into your financial plan.Read on to learn everything you need to know about financing life insurance premiums [...]

If your company requires a loan, buying business loan life insurance may be wise to safeguard your organization in the event of your death.  By familiarizing yourself with the available policies and understanding their role as collateral, you can navigate this process more effectively.This article provides valuable insights on aligning your policy term with the duration [...]

Imagine a scenario where your business could easily handle the unexpected departure of that one indispensable individual. Well, this isn’t just a pipe dream!Key person life insurance serves as a financial safety net, guaranteeing that if something were to happen to a vital team member, your operations would continue without missing a beat.By delving into [...]