Shared Ownership insurance
arrangements allow two or more parties to split the
primary benefits of an exempt universal life
insurance policy, namely, the death benefit and the
fund value. One party typically requires the
protection afforded by the death benefit and is
willing to pay an equivalent term insurance cost for
that benefit. The other party is looking for a
tax-effective investment vehicle such as the tax
deferred savings capabilities of exempt universal
life insurance. Shared Ownership life insurance
arrangements provide cost-effective solutions that
have advantages for all parties involved using a
single universal life insurance policy in
combination with a separate shared ownership
agreement. This concept is ideally suited for the
mid to high income clients .
Client Profile
-
Insured Age 20+ in good health
-
Investment owner Age 40+, a corporation, or a
trust.
Typical Scenarios
-
Corporations that want to provide an incentive to
key employees.
-
Organizations comprised of multiple legal entities
with different needs, (Holdco with investment
needs and OPCO with insurance needs).
-
Trusts looking for a tax-effective investment
vehicle.
-
Family members at different stages of their lives,
(parent looking for tax effective investment
opportunities and children with insurance
protection needs).
-
Shareholder/owner of a corporation looking to
protect corporate assets or fund future taxes upon
death while providing a tax effective means of
supplementing retirement income.
Contact me for more details about
that. |
