•Final expenses : such as funeral, burial and unpaid medical bills
•Income replacement: for spouses and children
•Debt coverage: payment of personal and corporate debts, such as a home loan or corporate loan
•Estate liquidity: where a property is in urgent need of cash to pay federal property taxes, state inheritance taxes or unpaid federal taxes
•Estate Replacement: When an insured donates a charity’s assets and wants to replace the value with cash – death benefits.
•Business succession & continuity: For instance, to fund a buy/sell contract for cross-purchase or stock redemption.
•Mortgage acceleration: Where an overfunded UL policy will either be borrowed or surrendered for payment of a home mortgage.
•Life insurance retirement plan, or Roth IRA alternative: Higher income earners who want an extra tax refuge with potential creditor/predator security, who have upgraded their IRA, who are not eligible for a Roth IRA, and who have already upgraded their skilled plans.
•Pension maximization: Where permanent death benefits are required so that an employee can choose from a defined benefit pension the highest retirement income option.
•Key person insurance: Protecting a company from economic loss caused by the death of a key employee or manager.