Some insurance policies not only provide a death benefit, but also serve as an investment vehicle from which you can borrow during your lifetime.
Many people have life insurance to provide financially for a spouse and/or children in the event of an unexpected death. There are also insurance policies that act as investment vehicles, which not only pay out at death, but provide a respectable guaranteed rate of return.
Insurance is an important part of most people’s estate plan and over the years we have built up a list of trusted advisors whom we can recommend to help you assess your family’s insurance needs and options.
If you have life insurance or are planning on buying more, let us know. Depending on the size of your estate you may benefit from setting up an irrevocable life insurance trust to own the insurance policy. Such a trust can provide for your loved ones and also keep the eventual insurance proceeds out of your taxable estate. This will mean less money paid in taxes and more money for your family.
385 Concord Avenue
Belmont, MA 02478 (617) 484-6610
Fax: (617) 484-0035