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Life Insurance Planning


Life Insurance Planning:

Life insurance is an important asset to protect and provide for future generations.  However, it can be improperly designed, and funded which can lead to problems in the future.  Permanent Insurance such as Whole Life, Universal Life, Variable Universal Life, and Index Universal Life, have variables clients may be unaware of. These can cause poor performance in the policies, which leads to poor cash value build up, and higher premiums.  Worse, the policies can lapse far earlier than expected. Most clients are unaware of these pitfalls.  Understanding your current Insurance and how it fits in your current planning is important.  We help you to understand your current policies and identify any potential issues, and potential cost savings.  We then provide potential solutions that will help solve those problems and add to your estate planning opportunities.

  • Comprehensive Review of Current Insurance portfolio
  • Identify any Ownership, or,  Beneficiary Issues
  • Perform a needs analysis to determine the total amount of insurance you should have 


* The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.


Did you know Life Insurance Products have evolved to Introduce more flexible benefits? 

  • True Long-Term Care Benefits can be included in Life Insurance Policies. 
    • Long Term Care is an important need many clients want to address.  However, stand-alone policies have become expensive, and if you die without making a claim, no benefits are paid.  Life Insurance with a True LTC Rider addresses this concern.  It has Death Benefit protection for heirs, but if you were to qualify for Long-term care benefits, up to 2% of the death benefit may be accessed to cover those expenses for up to 50 Months.  

We can work with you to introduce these concepts and determine if they make sense for you.

Not all term insurance is the same: Term insurance is constantly evolving. Today, certain policies offer living benefits, and can offer the opportunity to convert policies far later-on than many others regardless of your health at that time. We review policies to potentially lower premiums, extend the length of the coverage and add these benefits to your policies so you are maximizing your premium dollars.

As independent agents, we can work with you to bring you the best companies with the
most innovative products and introduce these concepts to determine if they make sense for you.