Permanent life insurance — including whole life, universal life, and variable universal life — provides lifetime coverage if premiums are paid, plus a cash-value component that grows tax-deferred. Common high-net-worth uses include funding estate-tax liquidity through an irrevocable life insurance trust, financing business succession, supplementing retirement income with tax-free policy loans, and building legacy structures. Because permanent policies are sometimes over-marketed as savings vehicles, evaluate the cost of insurance and surrender charges carefully. Used purposefully, permanent life insurance can be a flexible tool for protecting wealth you want to pass on.
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.
