Life Insurance

Financial protection for your family is paramount in securing a strong and stable future for you and the ones that matter most.

Life Insurance

There are a variety of Life Insurance products to choose from.  Whole Life, Universal Life, Term Life, and Second to Die Life insurance all have their proper place.  The key is deciding what amount and combination of products are right for you.  Our professionals have expertise in guiding you through that decision-making process and are committed to managing your insurance portfolio as your needs and objectives change.

The proper life insurance policies:

• Maintain your standard of living for your family in the event of death
• Support the achievement of your retirement goals
• Provide liquidity needed to satisfy financial obligations such as debt and inheritance taxes

Disability Insurance

If you were suddenly unable to work due to a disability, how long would you and your family be able to sustain your current standards of living without drastic changes? In the event that illness or injury removes your ability to work, disability insurance replaces a portion of your income. Even if you receive some level of disability coverage through your employer, consider an individual policy for extended protection that you can take with you to future jobs.

Long-term Care Insurance

Increased longevity combined with ever-rising costs of long-term care continues to pose significant risks to families and their life savings. An investment in long-term care insurance provides financial support if you or your spouse becomes chronically ill or disabled, ensuring the highest standards of care you desire for yourself or your family.  Long-term Care Riders are also available on many Life Insurance policies and Annuities.

Annuities

Annuities offer tax-deferred growth as you accumulate your retirement savings and a steady stream of income after you retire. Learn more here.

Life Insurance for Estate Planning

Your hard work and clear vision for planning ahead have brought you financial success and stability for the future. It’s never too early to think about how you can protect your legacy and ensure your future generations have a solid financial foundation to grow and achieve their business and personal goals. Estate planning enables you to be in control of how your assets and wealth are managed and distributed, with the lasting impression and legacy that is uniquely yours.

Irrevocable Life Insurance Trust (ILIT)

If you or your business own a life insurance policy on your life, the death benefit could ultimately be included in your estate. Life insurance owned by an ILIT is removed from your taxable estate, thus creating a pool of funds that will be paid to your heir’s estate and income tax-free. These funds also provide instant liquidity that can be used to pay state and federal estate taxes without having to sell illiquid assets such as a family business, real estate, or collectibles.

Wealth Transfer

Life insurance can also be used to provide ongoing care for special needs children or to fund educational expenses for future generations. Business owners often transfer their company to children who are in the business, for those who are not in the business life insurance becomes an excellent way to provide equal value to all children.

Life Insurance Settlements

A Life Insurance Settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit. This is similar to a Viatical Settlement, or a person who is selling his policy (Viator) who is terminally or chronically ill.

Many people let policies lapse or simply cash them in if premiums are too costly or coverage is no longer needed. This is one approach but usually leaves money on the table – or in the pockets of the insurance company.