High Net Worth
The more assets you have, the more complicated your choices about money become. From balancing investment and insurance strategies to implementing complicated trusts, InsureEasyLife can help you protect the succession of your business and other carefully positioned assets. We can help you accomplish your goals for the following:
- Estate Planning
- Wealth Transfer
- Business Succession
- Family Trusts
- Tax Free Wealth Creation
- Income Generation
- Asset Protection including comprehensive life insurance review
As a highly successful individual who has accumulated a signification amount of assets, now is the time to protect your assets. InsureEasyLife can help you protect your heirs and your business and all of your carefully positioned assets. Below are some of the wealth preservation techniques in which we specialize:
For many ultra-high net worth Americans and for foreign nationals with significant assets in the U.S., the cumulative annual cost of life insurance plus the additional associated cost of federal gift taxes is often economically prohibitive. Since 2000, our partners have specialized in an asset backed insurance lending program specifically designed to secure large amounts of needed life insurance coverage at a fraction of the normal cost. To qualify, the insured family member must have a net worth in excess of $10-15 million, be willing to assign collateral to the lending bank for a number of years, be in fairly good health and must not be much older than age 70. If these conditions are met, there is a high probability of significant annual cost savings of 75% or more. The program is especially valuable to the Family Office.
Asset backed insurance lending works effectively to provide businesses with needed life insurance coverage for important planning events such as: Buy-Sell Agreements for two or more owners; Key Employee coverage for individuals and groups of key employees up to 200; Senior Partner Buy-Out Planning for Law Firms and Professional Partnerships; Informal Supplemental Income planning for employee groups of 5-200; and Under Funded ESOP plans. To qualify for "Business Use" asset backed insurance lending, a company must have a strong balance sheet, consistently strong sales, assets or cash which can be used for collateral, possibly have maximized contributions to their qualified plan, and a strong desire to save cash flow over many years.
Multi-Generational Wealth Transfer
A program for families worth at least $40 million where there is a need for life insurance on older generation patriarchs or matriarchs, but there are health and/or age issues preventing the placement of insurance on these individuals. By utilizing the same principles behind our individual asset backed insurance lending strategy, these family situations may benefit from substantial estate tax discounts through insuring children or grandchildren under the program. Estate tax discounts will result in more wealth transfer to generations two and three, with insurance intact on these younger generations to maximize future wealth transfer. CFS will also provide experienced legal expertise to work directly with the family's estate planning team, providing legal structure and guidance for a reasonably low fee. The same qualifications apply in terms of collateral and insurability. If similar qualifications are satisfied, the same high probability of annual cost savings of 75% or more exists.
Family Trust Revitalization
With large family trusts accruing over generations, there is the risk that too many beneficiaries drawing income will substantially dilute a family trust over time. Through our asset backed insurance lending program, the ultimate solution to this problem is available. By financing life insurance policies on a group of beneficiaries and using dormant trust assets as loan collateral, large amounts of insurance policy proceeds will "revitalize" the trust corpus. By insuring trust beneficiaries between the ages of 30 and 60, there is a high probability of no cost to the trust with total loan exit within 20 years.
Tax Free Wealth Creation w/ Income Generation
Through careful adjustment to the basic ABIL program design, we can accelerate cash value growth to pay off the loan earlier and leave enough residual cash value to supply lifetime, tax-free income.
If you haven't done any asset protection planning, your wealth is vulnerable to potential future creditors and, should the worst happen, you could lose everything. Lawsuits, taxes, accidents, and other financial risks are facts of everyday life. And though you'd like to believe that you're safe, misfortune can befall even the most careful person. What can you do? First, identify your potential loss exposure, and then we can guide you in implementing advanced life insurance strategies designed to help reduce that exposure without compromising your other estate and financial planning objectives.
Life Insurance Annual Reviews
We view each client and each transaction as a valuable partnership that extends the life of the ABIL loan. Therefore, your case will be reviewed every year against the performance of the initial plan. Based on that analysis, we will recommend adjustments or corrections that can improve return performance.
Traditional Life Insurance
Wealth and business succession planning is highly personal and is often stressful. Any advanced wealth protection and succession plan will inevitably involve a myriad of family members, business partners and advisors - all dynamically affecting the planning process.
By understanding our clients through our exclusive process, we will help you identify your need for life insurance as you plan for the future. We will generate a customized proposal to show you how the powerful benefits of life insurance can be an important part of your overall financial strategy.