LIFE INSURANCE

Life insurance as the safe asset class

As wealth increases, financial dangers grow to be bigger and more complex. Taxable assets demand high out-of-pocket contributions, and illiquidity is a common threat. Dealing with risk is preserving a balanced approach for asset protection and growth. One of the many considerations in developing an estate tax planning strategy with a growing capital is insurance, which can protect the legacies of both families and companies.
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Harbor LIS (Life Insurance Strategies) is proud to be a Harbor Ithaka company with 13 years of experience as a market agent assisting high-net-worth individuals with the insurance aspect of their estate planning. We assist onshore and offshore individuals and companies. We understand that the most important thing is safeguarding our clients’ estates. We assist mass-affluent individuals within the following insurance needs:
  • Retirement planning
  • Intergenerational wealth transition
  • Business succession planning
  • Inheritance
  • Tax efficiency and unseizable structures
  • Keyman insurance
  • Estate protection
  • Beneficiary designation

Harbor LIS can design a comprehensive insurance solution using different formulas: term insurance, whole life insurance, index and universal life insurance.

Why premium financing

Life insurance is indeed a very attractive and structured way to protect your assets, but premiums require sometimes excessive out-of-pocket payments. Premium Financing is both an alternative and efficient method to fund a life insurance solution using leverage and preserving liquidity.

In a nutshell, Premium Financing is a tool to accumulate wealth during one’s lifetime and upon one’s passing. Below, we have outlined some of the benefits that this magnificent system can provide:

Benefits

  • Net cash value growth
  • Income tax-free death benefit
  • Tax efficient structure
  • Passive distributions
  • Tax-free access to cash

Case Study

Click here to learn why we are the right partner for you.

We encourage our clients to contact the Harbor LIS team to learn more about qualifying for a Life Insurance solution that meets their financial goals.

Latest Fact Sheet

Schedule a meeting with a Premium Finance specialist

Premium Financing is a tailor-made solution suitable for high-net-worth individuals. Financing life insurance premiums has certain inherent risks, such as interest rate risk, market (financial market performance) risk, liquidity (credit availability/lending capacity) risk, lender’s financial strength risk, insurance company ratings and stability that could lead to collateral shortfall, among others, all of which may, together and/or separately, result in bank (or “lender”) exiting and/or policy surrender. The loan terms are dependent on the lender and are not guaranteed for the full term of a plan. The lender has the right to discontinue funding new premiums, exit the market or demand loan repayment based on the agreed terms and conditions.

Additional Disclaimer: This presentation has been prepared for informational purposes only. Products and services are offered through Harbor LIS LLC. Eligibility and suitability for certain products and services may vary. Annuities, insurance, retirement plans, mutual funds and other securities that might be involved are not insured by the FDIC, have no bank guarantee, involve risk, and may lose value. Prior results do not guarantee a similar future outcome. The benefits and values shown and/or herein stated are not guaranteed. The assumptions on which they are based may be subject to changes by the insurance company. Actual results may be more or less favorable. This material does not constitute the provision of legal advice or the establishment of an attorney-client relationship. Reviewing this information is not a substitute for obtaining the advice of an attorney.

Life Insurance