Life insurance held within an Irrevocable Life Insurance Trust (ILIT), often referred to broadly as **Trust Owned Life Insurance (TOLI)**, is a cornerstone of advanced estate planning. The primary goal is to ensure the death…
In the specialized world of **Participating Whole Life Insurance**, the utility of the policy as a liquidity vehicle hinges on the **Policy Loan** feature. When a policyholder leverages their cash value, the interaction between the…
In the modern landscape of permanent life insurance, the "Living Benefit" revolution has transformed policies from simple death benefit contracts into hybrid vehicles capable of funding catastrophic health costs. However, a pervasive ambiguity exists regarding…
For closely held corporations and partnerships, a **Buy-Sell Agreement** funded by life insurance is the primary instrument for ensuring business continuity and liquidity upon the death of a shareholder. However, the structural choice between a…
Advanced philanthropic planning often presents a unique dilemma for high-net-worth (HNW) donors: the desire to make a substantial, lasting charitable gift versus the obligation to preserve or replace the inheritance for their heirs. **Life Insurance**…