The wealthy often have to confront financial problems by trying to prepare for events far into the future. That’s why advanced planning strategies need to be highly flexible.
Quite often, that flexibility is achieved through life insurance.
High-income executives and successful business owners, for example, have to be ready to pay estate taxes while ensuring they have enough money for retirement. Developments in the life insurance field, meanwhile, provide solutions that can include funding for estate taxes and retirement. Using insurance in this way is attractive because it’s versatile enough to plan for events that won’t happen for decades.