January marks Financial Wellness Month, making it an ideal moment to pause and reassess your long‑term money strategy. While budgeting, saving, and investing usually get most of the attention, one essential piece of the puzzle often gets pushed aside: life insurance. Many people associate it with later stages of life, but the truth is that […]
Life insurance for high net worth individuals (HNWIs) is crucial due to several compelling reasons: Estate Planning Life insurance can play a vital role in estate planning for HNWIs. It helps provide liquidity for estate taxes, ensuring that heirs can inherit assets without the need to sell them off at unfavorable times. Wealth Transfer HNWIs […]
Understanding Special Needs Planning Planning for the future of a loved one with special needs requires careful consideration, especially when it comes to financial security. Life insurance can play a pivotal role in ensuring that your family member receives consistent support, even in your absence. It offers a financial cushion that can cover costs related […]
Why Life Insurance? Many young adults overlook the importance of life insurance, often dismissing it as an unnecessary expense at an early age. In reality, only about a third of Gen Z and less than half of Millennials have life insurance coverage. This lack of awareness stems from common misconceptions like the belief that it’s […]
Life Insurance as an Asset Life insurance companies have presented some permanent life insurance products as a “tax-advantaged asset class”. Do the ‘tax advantages’ of accumulating cash values outweigh the fees, expenses, and risks? First let’s take a look at the most promoted advantages: tax-deferred growth. tax deferred growth While it may be truthful to […]