Case Study - Mr. Attorney
Mr. Attorney is a sole practitioner. He is age 53, planning on retiring at age 65. He has no partners but several staff. He feels his staff is paid well and rejects the notion of providing them with significant retirement benefits other than a standard 401(k).
Case Study: Mr. and Mrs. High Income Earners
Male 50 and Female 49 are highly compensated physicians based in a Texas Hospital System. They are interested in exploring the benefits of using cash value life insurance to provide future liquidity in the event of death and primarily as a vehicle for income. Their current net worth is $15M and they have a combined household income of $1.75M/year. As part of the planning, they have agreed to use $300,000 of after tax money, per year, for 5 years.
How Vérité Differentiates Itself
Nine ways Vérité has set itself apart as the Premium Finance experts and can help you and your clients expand what’s possible.
High-Net-Worth Planning During Potential Tax Reform
Following the recent election results, many high-net-worth clients and advisors are curious about how to best structure their financial plans and products to fit the potential future tax landscape. History has shown that tax laws will continue to change, requiring a thoughtful approach to incorporate flexibility and exit strategies into the planning solutions implemented. Top financial, legal and tax advisors will all agree that clients are best served to not...
Exploring the Future of Life Insurance at Google
David O’Malley, President and Chief Operating Officer of the Penn Mutual Life Insurance Company, discusses his recent trip with insurance industry executives to Google’s headquarters and the broad consensus that the peace of change in the world is multiplying rapidly, and the insurance needs to be ready to change with it.
Jim Harbaugh and Michigan Agree to Increased Compensation in Form of Life Insurance Loan
Recently, the University of Michigan and head football coach Jim Harbaugh agreed to a contract amendment that increase his total compensation from the school in 2016. The additional compensation will come in the form of a life insurance loan, in which the school will loan Harbaugh $4 million in 2016 and an additional $2 million for the following five years to pay the premium on a life insurance policy.