Sometimes a director’s input is so impactful that the untimely loss of his or her services could have an adverse economic impact on the business.  A little company-owned coverage on such a director might seem wise and in order.

Every policy needs an insured, an owner and a beneficiary.  But if the three roles are filled by three separate parties, tax implications come into play.

What happens if the insurance is later needed for other purposes outside the trust and back inside the taxable estate?

The transfer of valuable assets must be done with care.  And so it is with life insurance handed down or handed off through a change of ownership.

A time-tested vehicle to provide supplemental retirement income is an over-funded universal life insurance policy.

When proposing life insurance we would manage client expectations better if we took time to explain the disproportionate obligations that exist once coverage is put in force.

In these situations it is important to know the carriers who are sympathetic to and will underwrite reasonable amounts of coverage if other facts about the case are in order.

The most common insurance need among prospects and clients is to replace the income survivors would have anticipated had premature death not occurred.

The cost of getting with the attorney to draft and implement a written agreement, to say nothing of the time and effort required, is discouragingly disproportionate to the amount of premiums for the coverage. 

Never secure a loan with a beneficiary designation.  Always use a collateral assignment!