In addition to planning for the future, you need to protect yourself and the people you care about against the unpredictable. That might include becoming disabled, getting sued, and caring for family members with illness or other challenges.
We can help you develop a comprehensive asset protection plan to make sure you and your family are able to adapt to life’s ups and downs.
Steve owned a large commercial real estate development firm in Georgia. His business income had generated a large investment that he wanted to protect from creditors, and to minimize the tax effects of its growth.
We utilized a universal life insurance policy as an investment vehicle for Steve, given its asset protection from creditors and tax-free withdrawals through loans of accumulated cash value.
After 2008, when bank loans were widely unavailable to business owners, Steve was able to borrow from his universal life insurance policy tax-free at a low interest rate to finance his business.
Contact us to discuss your asset protection needs.
This is a hypothetical situation based on real life examples. Names and circumstances have been changed. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments or strategies may be appropriate for you, consult your financial advisor prior to investing.
