Life insurance may be a cost effective tool to protect future income in the event of the premature death of the income earner. We work with families to determine the amount of coverage that is appropriate to protect the circumstances the client chooses to protect, and decide the most appropriate insurers and most appropriate coverage designs.
• Estate Tax Protection
Life insurance can, if properly arranged, be received income-tax free, gift tax free, and estate tax free. Life insurance funding allows the projected cost of these estate taxes to be paid at an annual cost of pennies on the dollar.
• Family Charitable Plans
Many families of significant wealth choose to create charitable plans as a part of their overall estate plan. We routinely work with these families to coordinate insurance planning techniques with the overall estate plan and charitable plan.
• Closely Held Business Buy-Sell Agreements
Do you own an interest in a closely held business? We help business owners design and fund agreements to transfer business interests when a business owner dies prematurely.
• Key Man Life Insurance
Businesses can purchase key man life insurance that offsets lost income and helps pay the possible cost of finding a replacement in the event of the death of key personnel to an organization. We routinely work with companies to define values of a key man and design appropriate insurance solutions.