Let Properly Designed Insurance Protect Your Lifestyle
Properly designed insurance (life, disability and long-term care insurance, and annuities) can help protect your lifestyle in tax-efficient and cost-effective ways. But sensible insurance planning requires knowledge of the science behind insurance. It's not rocket science, but it is a science – like risk analysis, carrier due diligence, product selection, policy design, underwriting, knowledge of the tax code, and so on – and it requires considerable knowledge and experience. We can help you navigate through the process and select carriers and products that best fit your specific needs.
Protect Your Family
Whether or not you'll achieve your goals and dreams is predicated largely on one thing: your ability to earn income. If you die too soon (or live too long!) or become too sick to work, you lose the ability to follow through on your plan. It's really that simple. No income means no plan. Fortunately, you can shift a lot of these risks to insurance companies. They are in the business to assume such risks and absorb losses for you.
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Protect Your BusinessIf you're a business owner, your business is likely your most valuable asset and it's worth protecting it. Insurance allows you to "buy time" if you or your key employee dies or becomes too sick to work. You can also fund a buy-sell plan, providing tax-free money to the surviving owner(s) to buy out the deceased or disabled owner. And to attract and retain your key employees, you can offer them executive benefits designed exclusively for them.
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Protect Your EstateLife insurance is a highly tax-efficient and cost-effective tool to provide cash to your heirs to pay estate tax. This is especially true if most of your assets can't be readily converted to cash. If your estate owes tax, and there isn't enough cash to pay the tax, your heirs might end up having to sell your assets at a deep discount to come up with the cash to pay the tax before it's due. So, if you are asset-rich but cash-poor, life insurance may provide a solution.
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Sensible insurance planning requires knowledge of the science behind insurance. It's not rocket science, but it is a science.
What Properly Designed Insurance Can Do
For Individuals & Families
Protect your family from financial ruin if you die too soon
Continue your income if you get injured or become too sick to work Add a low-volatility, tax-efficient asset class without market risk to your investment portfolio Save money without being taxed on the growth Withdraw money without being taxed Save money without contribution limits, early withdrawal penalties or required minimum distributions |
For Businesses
Protect the value of your business so you can sell it at a premium later
"Buy time" if you or your employee dies or becomes too sick to work Provide cash for you to buy out your partner if they retire, die or become too sick to work Attract, and motivate your key employees with a superior compensation package Carve out a retirement plan just for your executive team Provide life and/or disability insurance just for your key employees |
For Estates
Leave cash to your heirs so they can pay estate taxes
Equalize inheritance among your heirs Maximize generational wealth Provide financial security for your child with special needs Keep costs of long-term care from needlessly depleting your assets Get guaranteed lifetime income to plan for longevity Provide an alternative to inherited IRA tax rules for your heirs to stretch out income |