Insurance Services
Insurance is an often overlooked, but critical, dimension of wealth preservation that plays a key role in estate planning, risk management, tax planning, and asset protection. When properly incorporated into your financial planning, insurance can:
Minimize the risk of estate tax.
Paying estate taxes may not be possible without selling or liquidating assets. Life insurance can provide immediate cash to the trust or your heirs, free of income tax.
Achieve charitable goals.
By designating a charity as a beneficiary, you can make a substantial gift for a relatively modest cost.
Create an estate.
Life insurance can be used to create an estate that helps protect and preserve your family’s lifestyle – safeguarding them and their future should something happen to prevent you from completing your asset accumulation goals.
Protect income and assets from disability and illness.
Disability insurance can replace a percentage of your annual income should you be unable to work – making sure that you and your family are protected from any financial hardship during your time of disability.
Client Centered Solutions
Life Insurance
Essential to protecting your legacy, an adequate life insurance policy plays a key role in proper estate planning. Developing a life insurance plan that meets your family's financial needs and aspirations requires a solid understanding of taxes, trusts, investments, and a myriad of other factors.
In addition to offering traditional whole life, universal life, and term insurance, Olewine Financial Group works closely with Estate Planning Advisors and other team members to propose additional options that best suit your needs.
Disability Insurance
Disability Insurance can be an important addition to your financial plan to help cover your needs should you or your spouse be unable to work. A few things to consider:
- Nearly one-third of all working adults will become disabled at some point in their career.
- Your income may be the largest asset you have!
Olewine Financial Group can help ensure that that you’ve protected your future income stream, just as you would protect your home, health, or automobile!
Irrevocable Life Insurance Trust (ILIT)
An Irrevocable Life Insurance Trust, when structured properly, is not part of your estate and is not subject to estate taxes. Irrevocable Life Insurance Trusts are an ideal way to grow your assets and provide for your heirs; the trust owns your life insurance policy and pays the premium, with the proceeds passing into the trust. (Link to Tax Strategies)
Specialized Insurance
Wealth transfer strategies and non-qualified executive benefits are some of the most complex - yet potentially rewarding - financial challenges facing high net worth individuals and executives. Olewine Financial Group can provide you with a number of innovative, customized insurance strategies that can maximize your estate and enhance your compensation.
Corporate Insurance
Business Owners can also benefit from a myriad of insurance-based strategies that will help to preserve the businesses value at a predictable cost. (Link to Business Services)
