Home › Insurance › Life Insurance Estate Tax Liquidity Estate Planning and Insurance Strategy Life Insurance Estate Tax Liquidity: The ILIT Framework for High-Net-Worth Estate Planning A taxable estate without a liquidity plan forces heirs to sell real estate, business interests, or farm assets at distressed prices within nine months of death. The Irrevocable Life…
Home/Insurance/Key Person Insurance Business Insurance Series Key Person Insurance for Small Business: How Much Coverage to Buy, Which Policy to Use, and Why Most Businesses Get It Wrong A software company with $8 million in annual revenue generates virtually all of its technical product roadmap from a single CTO. If that CTO dies or becomes…
Home/Insurance/Human Life Value Executive Life Insurance Executive Life Insurance Planning Series Human Life Value Calculator for Executives: The Income-Based Framework for Quantifying Life Insurance Need Most executives carry two to five times base salary in life insurance, a number derived from employer group benefit structures rather than from any principled economic analysis. A CFO earning…
Home/ Insurance/ Corporate Buy-Sell Agreement Life Insurance Business Owner Insurance Strategy Series Corporate Buy-Sell Agreement Life Insurance: The Complete Ownership Transfer Framework for Business Partners A buy-sell agreement without funding is a legal promise with no ability to perform. When a business partner dies, the surviving owners are contractually obligated to purchase the estate’s interest,…
Home/Insurance/ILIT Estate Tax Liquidity Estate Planning Series ILIT Estate Tax Liquidity Life Insurance: The Irrevocable Trust Framework for Keeping Wealth Outside the Taxable Estate When a business owner dies with $18 million of estate value and $13.99 million of federal exemption, the $4 million overage generates $1.6 million of federal estate tax due in nine…
Home/ Insurance/ Section 7702 Life Insurance Cash Value Arbitrage Advanced Life Insurance Strategy Series Section 7702 Life Insurance Cash Value Arbitrage: The Tax-Free Accumulation Strategy for High-Income Earners When a high-income earner has maximized 401(k), IRA, and HSA contributions and still has after-tax income to invest, the conventional choice is a taxable brokerage account carrying…
Home/ Insurance/ Agreed Value vs Stated Amount Auto Insurance High-Value Auto Insurance Series Agreed Value vs Stated Amount Auto Insurance: The Exotic-Car Coverage Trap That Destroys Six Figures of Equity The stated amount clause sounds like a guarantee. It is not. When a $340,000 Ferrari is totaled, a stated amount policy pays the lesser of…
Home/ Insurance/ Uninsured Motorist Coverage for High-Income Earners Auto Insurance Series Uninsured Motorist Coverage for High-Income Earners: Why $300,000 Is the Minimum Rational UM Limit One in eight drivers on American roads carries zero liability insurance. In Florida, it is one in four. When an uninsured driver causes a crash that ends a surgeon’s career…
Home/ Insurance/ Auto Insurance Liability Limits and Net Worth High-Net-Worth Auto Insurance Series Auto Insurance Liability Limits and Net Worth: Why $100,000 Is Catastrophically Insufficient The standard 100/300/100 auto liability limit was calibrated for median households with limited collectible assets. For a physician, attorney, or executive with $2.4 million of non-exempt net worth, that $300,000…
Home/ Insurance/ Health Insurance OOP Maximum Strategy Executive Health Benefits Series Health Insurance Out-of-Pocket Maximum Strategy: The $9,450 Number Every High-Income Earner Must Model Most executives select health insurance based on premiums and deductibles, leaving the single most important number, the out-of-pocket maximum, unexamined. For a dual-income household earning $380,000, the difference between a $4,000…
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