Seeking shelter in creditor-proof trust instruments and/or life insurance is another tactical defensive planning move that can insulate a business from asset exposure in a business environment. Each state has its published creditor limits for cash values in life insurance and in annuities. It’s important to note that several life insurance policies feature early cash values with no surrender charges that create an ideal cash sanctuary and provides additional death benefit coverage. Steve and Ike devise strategies for the use of life insurance a creditor protected cash item with policies that support early cash value accumulations.
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Steve Savant is the host of the daily producer show, Let’s Get Down to Business, and the weekly consumer show, Steve Savant’s Money, the Name of the Game. Steve is the number one online author and videographer of insurance content. During his 30-year career in the financial services industry,... More