December 07,

General Purposes of Life Insurance

Life insurance is a unique asset. As advisors we are frequently asked about the value of life insurance. Our answer is always the same: “It depends.” It depends on the need it fulfills. Cash needed to fund a business transfer, pay-off a home mortgage, replace a charitable gift, equalize inheritances or to pay taxes may be easily determined. But calculating the value of a human life to a family is much more difficult. Setting aside the emotional element, we need to evaluate the projected... Read More