The 15 to 20 times your income guideline is a starting point, but high-net-worth households need a deeper analysis. Your plan should account for income replacement for your spouse’s lifestyle, estate-tax liquidity if your net worth exceeds the $15 million ($30 million for couples) exemption, business buy-sell funding, and any special-needs provisions. For estate liquidity, second-to-die policies owned by an Irrevocable Life Insurance Trust (ILIT) are common because the death benefit can cover the tax bill at the second death
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
