Our partners at Lion Street recently teamed up with Jay Judas of Life Insurance Strategies Group to coauthor an article about life insurance as a valuable contingent asset class that appears in the August edition of Trust & Estates magazine. This piece is an interesting and valuable look at how to properly assess the death benefit in a wealth transfer portfolio management context.
An excerpt:
Life insurance is often narrowly perceived as a liquidity tool for the estates of high-net-worth individuals. While true, there’s a growing view within this community, and among their advisors, of life insurance as a contingent asset class (that is, by paying out on the insured’s death), a legacy planning vehicle that can add tremendous value and diversification to a family’s wealth transfer portfolio.
