Insurance Strategies

Insurance can be a potent tool.In addition to protecting against a financial loss or catastrophe, insurance can also help you accomplish the following:

• Fund a buy-sell arrangement
• Build a tax-free retirement fund
• Establish a Private Pension Fund
• Pay estate and wealth transfer costs
• Leverage your Defined Benefit Plan contributions
• Leverage your estate exemptions to allow the transfer of much, much more to your heirs without any estate tax, gift tax, or generation-skipping transfer tax
• Bank Owned Life Insurance (BOLI) can be used to move bank assets into a benefits plan and effectively recover the costs of employee benefit plans

We provide following services and arrangements relating to insurance analysis:

• Use of “OPM” (“Other People’s Money) to fund your insurance premiums
• Tax deduction for premiums paid on life insurance
• Use of qualified plan funds for purchase of life insurance.
• Analysis of economic risk of loss
• Funding analysis for buy-sell obligations
• Estate and transfer tax analysis
• Solve problems of tax-detrimental ownership arrangements
• Split-dollar insurance arrangements
• Restructure existing life insurance contracts to perform more effectively
• Financial modeling for advanced insurance techniques such as Insurance Trusts, Wealth Replacement Trusts, Defective Irrevocable Grantor Insurance Trusts (DIGIT) transactions, SERP Exchanges, Dynasty Trusts, Legacy Trusts
• Private Pension Plans
• Bank Owned Life Insurance (BOLI)