Is a complex combination of legal, tax, and economic elements. But basically it is a wealth unique creation tool that assures the accumulation of a desired amount of liquid capital at death. Depending on the type of insurance, it may also create more or less capital for lifetime needs. Through unique capital creation features and tax advantages, insurance can be used to solve a host of personal and business needs and should be viewed as an asset class.
At Harbor Insurance Strategies, we're here to audit your current Life Insurance portfolio and to help you develop comprehensive managed risk planning solutions based on needs, goals and objectives. There is a wide variety of life insurance policies as well as extensive applications both personally and for business planning. There are two primary categories of life insurance: Term and Permanent. However, there are several different types within each category.
Life insurance planning generally includes the following:
· Income Replacement/Survivor Needs
· Wealth Transfer · Estate Planning
· Business Continuity Planning
· Buy Sell Strategies · Key Man Strategies
Please continue to the Policy Review Tab to download our Life Insurance Policy Evaluation Worksheet or click on this form.