UNIQA Versicherung AG (Liechtenstein)’s Post

Key person, cash value life insurance can be invaluable in indemnifying the financial loss a business faces if a key person dies or leaves the business. Its death benefit can restore a shortfall by providing funds to the business, partners, and/or remaining family members, as well as buy out the interest of the deceased employee’s estate. But that’s only part of the story. #keypersoninsurance #cashvaluelifeinsurance #businessowner #employerretention #employeebenefits

Advisors always want to recommend solutions for their clients with a low probability of future surprises. That’s why, when permanent life insurance is required to meet clients’ protection and estate planning needs, policies that provide the certainty of death benefit guarantees have been so appealing. At first glance, there is little reason to question the wisdom of recommending these permanent, guaranteed life insurance products. Until now. Today, as world events and financial market developments continue to upend our assumptions about risk, certainty, and control — and the interest rates being earned on conservative bond investments remain at historically low levels — it’s time to take a closer look at permanent life insurance with alternatives to traditional guarantees. #VUL #variableuniversallifeinsurance #costoflifeinsurance #marketvolatility #investmentmanagement

Life insurance is a powerful tool with unique tax advantages that can help ensure your and your family’s financial security.1 Your policy is a sophisticated and complex financial instrument and, therefore, not a “stick it in a drawer and forget about it” type of investment. As your life and the world around you evolves, your life insurance policy may need to change with it. What met your and your family’s goals and objectives in the past may not meet those needs today. #lifeinsurance #insurancepolicyreview #lifesettlement #financialprofessional #estateplanning

Many wealthy individuals consider purchasing a life insurance policy as part of their overall estate plan. In order to avoid estate inclusion (which could result in estate taxation)1 of the death benefit, the life insurance may be purchased in an irrevocable life insurance trust (ILIT). #splitdollarlifeinsurance #splitdollarplan #gifttax #ILIT #estateplanning

LTC insurance is a product that helps cover costs associated with aging and/or chronic medical conditions, such as an extended or permanent disability or cognitive impairment. Since it generally pays for expenses not covered by Medicare or health insurance, it can be used as a planning tool to assist individuals in paying for LTC expenses in the future. #longtermcare #longtermcareinsurance

When you need the protection offered by life insurance and also have an established or potential estate tax liability, an irrevocable life insurance trust (ILIT) can help you shield the amount of wealth your loved ones receive after your death. #ILIT #irrevocabletrust #irrevocablelifeinsurancetrust #gifttaxexclusion #estatetax

As employers look to improve their benefit offerings to attract and retain key talent, one often overlooked benefit is disability income protection insurance. A loss of income due to a disability can be financially devastating, especially when you consider that an executive’s future earning potential may be their most valuable asset. Therefore, it is vitally important that those responsible for benefits and compensation decisions raise the awareness of how employer-sponsored supplemental income protection plans can be designed to help close a gap in coverage for highly-compensated employees. #disabilityinsurance #executivebenefits #longtermdisabilityinsurance #employeebenefits #IDIpolicy

A simple way to increase flexibility and access in irrevocable trusts. An irrevocable life insurance trust (ILIT) is one of the most efficient estate planning tools to transfer wealth to your loved ones. Most notably, assets owned in an ILIT and all appreciation on those assets will not be subject to estate taxes. In addition to estate tax exclusion, the irrevocable trust structure offers enhanced privacy, creditor protection, and control over the timing and manner of distributions to beneficiaries. #spousallifetimeaccesstrust #SLATtrust #permanentlifeinsurance #gifttaxexemption #irrevocabletrust