Life Insurance for Family & Business

Have you planned for the transfer of your assets once you are gone? It's important to have a plan in place to help ensure your wishes are carried out and in an efficient manner. We can guide you through each step of the planning process to help ensure your estate is transferred the way you want. 

We can work with different life insurance companies with diverse products and underwriting strengths to provide you with products and services. The insurance companies'  tax, legal and plan design specialists have developed strategies to help make informed decisions about what product to purchase. We have access to specialists in estate and charitable tax planning, as well as product design. 

Life insurance can provide you with many potential benefits:

  • For your family if you are not there to provide for them yourself. It can help pay tuition, mortgages, and the day to day expenses for your surviors through the use of death benefits.
  • A source of liquidity when estate taxes come due.
  • An opportunity to accumulate the policy cash value on a tax-deferred basis.
  • The ability to access the policy cash value through policy loans and withdrawals to supplement your retirement income without triggering taxable income. Withdrawals and loans may decrease the amount of the death benefit and cash accumulation value. 

If you currently own life insurance, you should ask yourself the following questions:

  • Is my existing coverage adquate?
  • Have the needs that prompted me to buy life insurance changed?
  • Is my existing life insurance still meeting my needs?
  • How has the policy performed relative to the initial projections and assumptions presented to me when the policy was sold?
  • Are competitive and realistic interest rates being credited to my life insurance policy?
  • What new life insurance products are available?
  • Is your coverage trust owned? 
  • Is your trustee meeting your expectations in reviewing your life insuance coverage?

When properly structured, cash value life insurance can help provide valuable financial features to the policy and to the beneficiaries after the insured's death. It can be an effective and versatile retirement planning tool in addition to the death benefit feature associated with the life insurance policy.