An annuity is subject to both income and estate taxes at death, which may significantly erode the majority of the annuity balance before it can be passed to heirs.
An unexpected disability carries the risk of loss of potential earnings, limiting your ability not only to earn current income, but also to make contributions to a defined contribution plan such as a 401(k) or 403(b). Add to that the resulting reduction in Social Security benefits, and a disability can have a devastating impact on retirement assets.
Life Insurance Policy Review
Like other financial tools, life insurance policies need to be managed and adjusted to keep pace with market conditions and with the insured's needs and goals.
Insuring Director Compensation
Many senior executives and business owners sit on corporate boards once they have retired or sold their businesses. Board director compensation can represent large dollars to these individuals.