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Succession Solutions for Single Owner Businesses
The lack of a second business owner does not eliminate the need for effective buy/sell planning. A well thought out, formal agreement with proper funding can still accomplish the owner’s goals for the business upon their retirement, disability or death. We’ve all heard the stories of businesses without a plan in place, and one of […]
Help relieve a client’s policy loan burden with a 1035 exchange
When a client’s policy has loans, a 1035 exchange to a new policy may provide a needed death benefit at a lower cost. It may also offer clients living benefits to satisfy additional needs. CLIENT CONCERNDuring a policy review, you come across an existing policy that a client purchased many years ago. It has accumulated […]
Uncover Mirrored Loan Opportunities
As life changes, so can a client’s protection needs. Meet with them to review their current life insurance coverage to ensure they still have the protection needed to stay on the financial wellness path. EXPLORE THE MIRRORED LOAN STRATEGY During policy reviews, you may discover policies that have outstanding loans, putting them in danger of […]
