Life insurance may be an important element of a settlement plan for personal injury recovery management when recovery involves a minor child or incapacitated adult, particularly if the
parents are the primary caregivers.
Life insurance can be used to finance the cost of a replacement caregiver, or
someone who will replace certain services that are now being provided by the deceased
caregiver. This value of this use of life insurance cannot be overemphasized.
Life insurance can be a means to finance estate taxes at a discount, or to even out an inheritance if one child has the aptitude and wants to enter the family business while another does not.
Life insurance can be used as a means to fund a buy sell agreement for law partners and other businesses where for example the surviving partners have no interest in being in business with a deceased partner’s spouse.
But what if you or your client have medical problems? Surprisingly Standard and Standard Plus is available on whole life with "AAA" rated life insurers for conditions such as diabetics, people with heart problems, Cancer History, Foregn Travel and those who are overweight or have high blood pressure.
For further information call John Darer 888-325-8640
Life insurance in settlement planning, further information please click here
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