Insurance can be a confusing and complex topic but it is a crucial part of one’s financial plan. People are motivated to acquire life insurance for different reasons, and not all insurance contracts are the same. Life insurance can be used to fund death taxes, charitable interests, family protection or even a business buyout.
Amy has over fifteen years of experience working in the insurance industry. She shares with us some advice on what she typically looks for when analyzing contracts for our clients. We’ll also touch on some other common questions like the cost of insurance policies and the importance of keeping your beneficiaries up-to-date.
Continue to listen to this episode as it concludes with a discussion on charitable remainder trusts and when someone might consider this option.