Life Insurance

A life insurance policy can be a vital part of a senior’s financial plan.  As a tax free benefit, it can provide estate protection and results in peace of mind for your loved ones. For seniors with a sizeable net worth ($1million+), a life insurance policy can be particularly advantageous when placed in an Irrevocable Life Insurance Trust (ILIT) and used for estate protection.  If appropriate, SFS teams up with reputable estate planning attorneys to place a policy in an ILIT customized to fit your needs.

Life insurance comes in 2 primary forms:

1. Term Life Insurance
   Term life insurance is the most affordable type of life insurance and provides protection for a pre-defined period of time.
   
   
   
   
2. Permanent Life Insurance
   Permanent life insurance provides an insured protection for life and comes in the form of whole or universal life.  This type of insurance is very common for high net worth seniors looking for a customized product to protect their estate.