real-life, real results, real impact
Explore how real world solutions were implemented to resolve business and estate planning challenges
Disclaimer: Stories reflect real scenarios from six decades of professional experience. Details have been changed, and all identifying information has been altered to protect confidentiality. This is for educational purposes only; it is not to be construed as advice.
Buy-sell agreement funding
In light of a recent Supreme Court decision affecting buy-sell agreements, Mike and Joe needed to restructure and fund a new, updated agreement to ensure business continuity and peace of mind for their families.
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Life Insurance used to secure SBA loan
Joe and Mike must choose the right life insurance product to secure an SBA loan in a timely manner in order to achieve their business objectives. Spoiler Alert: the lowest cost carrier didn't get the business.
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A policy conversion opportunity
Mike mistakenly believed his policy's conversion options ran to the end of his guaranteed level term period. Given his deteriorating health, exercising the conversion privilege was the best option he had to retain the coverage necessary to protect his family and his business.
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Compliance, Complete medical records and Control lead to favorable underwriting
Marty was 60 year old diabetic and obese. Fortunately, Marty had an advisor who knew how pros negotiate with underwriters; she understood the three Cs of underwriting.
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ILIT used with a SLAT creates a powerful succession plan
An ILIT is intended to avoid estate inclusion of life insurance under Section 2042 and a SLAT gives the spouse freedom.
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Annual Policy review to assess policy performance and client's evolving life insurance needs.
Dynamic periodic reviews add real value to life insurance policies.
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