term vs permanent insurance
How to Use Life Insurance for Estate Planning
Insurance Solutions for Estate Tax Concerns Specialized insurance for estate tax needs often involves life insurance policies owned by irrevocable trusts. These solutions provide liquidity to pay estate taxes without forcing heirs to sell family businesses or other assets. The death benefit grows outside your taxable estate while providing funds to cover tax obligations when […]
Why Business Owners Shouldn’t Ignore Key Person Insurance
The Critical Importance of Key Man Insurance A key man insurance policy protects businesses from financial devastation when losing irreplaceable personnel. These policies cover founders, executives, or specialized employees whose absence could cripple operations. The death benefit provides crucial liquidity to stabilize the business during transition periods. Implementing a key man insurance policy requires identifying […]