When most people think about insurance, they think about it in terms of risk management. And that’s what the majority of the insurance is designed for. Car insurance covers you in case you get in an accident. You might get critical illness insurance, disability or life insurance to protect you and your loved ones from those risks.
What most people don’t know is that insurance can be used strategically, not only in risk management but for complex estate planning, income generation and tax minimization.
In this episode, the final of a three part mini series, our estate planning specialist Greg Jizmejian and I do a deeper dive on some of these lesser-known insurance strategies. We discuss: