Personally Owned Life Insurance
Life Insurance is an important part of many clients’ estate plan. Its uses include providing liquidity to pay estate taxes, final expenses, the cost of administration; family survivorship income; replacing lost retirement accumulations; assuring educational expenses; equalizing the value received by heirs; mortgage protection; charitable contributions/endowments and much more.
Businesses uses of Life Insurance include; Buy-Sell Life; Executive Bonus Life; Key-Person Life; Endorsement Split Dollar Life, Loan Guarantees, 412(e)(3) Plans (formerly 412i) and much more.
Important Notice to all Universal Life Insurance Policy Owners: Lower than anticipated credited interest rates over the past number of years has adversely affected the performance of interest sensitive programs, such as Universal Life. This alone may cause your existing policy to terminate without value prior to its maturity date, unless corrective actions are taken. Please call me today!
