If you co-own a business, here’s a question worth sitting with: What would happen to your company if one of the partners were to die tomorrow? Without a plan in place, the answer could involve legal ...

In today’s complex business landscape, advisors play a vital role in guiding business owners through critical transitions, and succession planning is paramount among business owners’ concerns. While ...

If you have life insurance but no longer need the coverage, or you are looking for ways to make some cash, you may be wondering if you can sell your life insurance policy. Fortunately, selling a life ...

Closely held businesses routinely use life insurance to fund buy-sell obligations when an owner dies. The logic is simple: the company or surviving owners need liquidity to effect redemptions or ...

(WHTM) — Everyone is looking for ways to make extra cash including senior citizens. A new trend is emerging among the 75 and older crowd. “A lot of people don’t know that they can sell their life ...

It has been advertised as a way to make extra money. The air waves, especially television, have been saturated with claim after claim that selling your life insurance policy is available and ...

Many people (and even some seasoned financial advisors) believe that you can simply gift your existing life insurance policy to your irrevocable life insurance trust (ILIT) without any implications.