Life insurance can meet a dual need experienced by many businesses. It’s common for one party within a business to need financial protection while another party needs a tax-sheltered investment vehicle. One life insurance policy can cover the needs of both parties by using an arrangement commonly referred to as “split-dollar life insurance”. In these arrangements, one party funds and is entitled to the level death benefit portion of the policy, and the other party funds and is entitled to the cash surrender value.

 

In your business, a split-dollar arrangement can be used in such a way:

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• You may need key person insurance for an executive to fund the replacement of the executive, and the executive may want a tax-sheltered investment to fund his or her retirement and estate planning.

 

We can meet with you and your executive to work out a proper plan that satisfies both needs.

 

By gaining a deeper understanding of how you think and feel about saving, investing, taxes, and risk protection, we can customize a high-caliber financial strategy that aligns with what matters most to you and your family.