BASIC INSURANCE PLANNING

Life insurance is a complex amalgamation of legal, tax, and economic elements.  But, basically it is a unique wealth creation tool that assures the accumulation of a desired amount of capital at death. Depending on the plan of insurance, it may also create more or less capital for lifetime needs.  

Through its unique capital creation feature and tax advantages, it can be used to solve a host of personal and business problems.  

However, the insurance advisor must match the appropriate life insurance products to the problem and the needs.

That is what we do at Fountain Professional Group:  
We listen to understand your problem, evaluate and then recommend
the best product for the solution.

Common estate building and estate conservation needs that life insurance can satisfy: 

• Provide for income needs of surviving dependent family members
• Pay federal and state death taxes and other estate planning settlement costs
• Pay debts
• Provide for children’s education
• Shift wealth from one generation to another in the most cost effective manner possible
• Meet “special” financial demands of physically or mentally handicapped or learning disabled children or parents or other dependents with physical or mental limitations
• Benefit a charity
• Relieve survivors of financial management burdens by providing an inexhaustible lifetime annuity
• Create an instant estate

Business insurance needs that life insurance can satisfy:

• Fund a buy-sell agreement
• Finance nonqualified deferred compensation arrangements
• Finance D.B.O. (death benefit only) plans
• Provide a level of financial security for families of all employees
• Recruit, retain, retire, and reward key employees

The operative word is NEED.   Life insurance should only be recommended if a need exists.

For further information please contact:

Dennis Beck, CLU, ChFC, CEP 
info@FountainProGroup.com

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