Estate Planning / Survivor Income

Life insurance is a financial tool with many applications. Life insurance is often misunderstood because many times the primary benefits of life insurance have not been properly matched to the objectives. At S&B we take a consultative approach to first determine what the needs and objectives are. If life insurance is the right solution we then handle the underwriting to ensure the right product from the right company is acquired. Below is an outline of some of the more common uses of life insurance.

Personal Insurance

• Survivor income needs – The loss of a loved one is emotionally devastating, but if that person is a major contributor to the success of the home the financial impact can be equally devastating. Life insurance can help mitigate the financial risks.
• Estate Planning –Even though a law was passed repealing the estate tax it was for the year 2010 only. The chances of a permanent estate tax repeal are very slim. Thus estate taxes are a reality and are due 9 months from the qualifying death. There are four ways to pay those estate taxes – Liquid cash within the estate, the sale of estate assets, borrowing against property in estate, or for those that can qualify pre-funding the obligation with life insurance. We can show you how.