Life Insurance
Financial security. Planning Ahead.
You've made promises. To the important people in your life. To yourself. To your family, it's a financially secure future. To your children, a college education. If you have a business, you may have promised your employees continued employment. Certainly, you've promised yourself a secure retirement. Fortunately, there's a way to help keep those promises - to protect the wealth you've accumulated, and the assets you'll earn in the future - life insurance.
Many people already own life insurance and are familiar with some of its uses. But do you know about all the ways that life insurance can benefit you, your family and your business? Consider the following benefits of life insurance:
- Life insurance provides needed cash at your death to:
- Pay off a mortgage or other debt
- Replace lost salary income
- Pay estate, capital gains, and income taxes
- Equalize the inheritance between heirs
- Life insurance offers a competitive "rate of return" on the premiums paid
- Life insurance is a tax efficient vehicle
- Life insurance can provide for "self-completion" of financial plans in the event of an untimely death
Complex situation. Simple solution.
In addition to the basic benefits of life insurance, it is important to remember that life insurance is also used to solve complex issues facing families and businesses today. Such as:
- Wealth Transfer Concepts
- Annuity Maximization
- Charitable Remainder Trusts
- Gifting Analysis
- The Leveraged Credit Shelter Trust
- Private Financing
- Premium Financing
- Spousal Access Trust
- Business Insurance Planning
- Buy-Sell Plans
- Key Person Insurance
- Cross Endorsement Buy-Sell Arrangements
- Executive Benefit Planning
- Executive Bonus Plans
- Non-Qualified Deferred Compensation Plans
|
