Life insurance, at its core, is a financial tool designed to pay death benefits upon the mortality of the insured, accumulate cash values tax-free during the life of the contract, and to provide a funding alternative that will significantly discount the cost of providing funding in any other manner.

For the high net worth individual, a well-structured life insurance plan is a tool that fits exactly to provide the necessary financial funding to provide the needed liquidity when the individual dies. Due to its particular structure, the gain upon mortality from a life insurance policy is free from income tax, and it is easily kept out of the taxable estate of the high net worth individual. For that reason alone, life insurance is the most widely used strategy when high net worth individuals are attempting to solve their wealth transfer issues.

For the professional or the breadwinner with dependents, life insurance provides the means of guaranteeing dependency income should his or her death occur during those dependent years. Due to its tax free build up inside the life insurance contract, the life insurance policy can also be an outstanding means of accumulating cash on a tax-free basis as the cash value of the policy grows over time. In that way, the contract provides both living and death benefits.

For the company that must fund certain benefits, life insurance often provides the economical alternatives that are available to those companies. Again, due to its particular tax structure, it can provide significant benefits to the company while funding the benefits which were promised.

Whatever the purpose for life insurance, you can be assured that SSG will coordinate the coverage with the existing goals and objectives in mind, making certain that it folds into the planning goals.