Protect Your Plan from Derailing
Properly designed insurance can help protect your plan from derailing 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 amount of knowledge and experience. As an independent firm, we have access to virtually all carriers and products. We can help you navigate through the process of selecting carriers and products that best fit your specific needs.
Protect Your Business
Your business is likely your most valuable asset and it's worth protecting its value. 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 top talent, you can offer well-designed benefits, including those designed exclusively for your key executives.
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.
Protect Your Estate
Life 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.
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
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
Receive cash income tax-free 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 designed just for your executive team
Provide life and disability insurance benefits just for your key employees
For Individuals & Families
Protect your family from financial ruin if you die unexpectedly
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 growth and earnings
Withdraw money without being taxed
Save money without contribution limits, early withdrawal penalties or required minimum distributions
Leave cash to your heirs so they can pay estate taxes without disruption
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 hedge against potential longevity
Pass your "unneeded" IRA to your heirs in a tax-optimized way