Life insurance has many unique characteristics that may make it an appropriate solution for a variety of challenges, beyond those that arise at the death of the insured(s). In addition to death benefit protection, life insurance can offer:
- Create liquidity at the time estate taxes are due to avoid the forced sale of assets - Tax-deferred accumulation of policy cash values. - Creditor protection (in some states like Florida). - Tax-advantaged access to policy cash values. - The flexible nature of many modern life insurance policies provides a powerful means to address a wide range of personal, business, and charitable situations.
Contact us for a more in depth conversation on the uses of life insurance.