Life Insurance Counseling
Life insurance plays a vital role in protecting a family’s wealth, whether it’s to replace the lost earnings of a deceased breadwinner; to protect a business owner in the loss of a partner or key employee, or to cover the costs of settling an estate. However, absent a comprehensive life insurance plan with attention to taxation, estate considerations, and family structure, its application and implementation can produce costly, unintended consequences.
We work with each family to thoroughly assess their financial situation and then construct a plan that includes life insurance coverage needs, types of coverage and the most appropriate form of ownership.
For our business clients, we consider life insurance and its unique properties as a way to fund key business strategies, such as business continuation plans, buy-sell agreements, key employee protection plans and deferred compensation arrangements.