Monarch Insurance Partners

The June 7 decision requires that life insurance death benefits collected by a business to be included in the valuation of the business for estate tax calculation, even if the proceeds were part of a buy/sell agreement. The result could greatly increase the estate tax bill for the deceased shareholder. Contact us to talk through your options. monarchinsure.com/protecting-my-business

The U.S. Supreme Court decided last week that buy/sell life insurance proceeds from a company-owned policy must be included in the company's valuation for the purpose of determining the deceased owner’s estate value. This could produce an unpleasantly large estate tax surprise for a shareholder’s estate. Do you have business owner clients who should have their buy-sell arrangement reviewed? We can help!

The June 7 decision sounds an alarm for owners of closely held businesses and their financial advisors. The U.S. Supreme Court’s decision holds that life insurance death benefits must be included in the company’s valuation for estate tax purposes, even if those proceeds were part of a buy-sell agreement intended specifically to buy out a partner’s shares. The potential consequence? A much larger tax liability for the deceased shareholder’s estate.

It’s important to make sure any existing buy-sell agreement takes this new treatment into account. Monarch Insurance Partners can review your existing plan and suggest alternatives that can avoid a loss of life insurance benefits to estate tax. Set up a free review with principal Brad Mueller https://bradmueller.as.me/schedule/a12162b3/appointment/16012003/calendar/4289543.

Sell your life insurance policy with transparency Content by Monarch Insurance Partners. Learn more about the benefits of life settlements.

Curious about long-term care insurance? Before you start shopping, check to see whether your life insurance policy includes a rider or provision that includes long-term care benefits. We can help you review your existing policy and make sure you understand what it promises.

Does the cost of your life insurance policy tempt you to let it lapse? Before you stop making premium payments, contact us to see whether you can sell it – even if it’s a term policy – for cash as a life settlement. Learn more about life settlements here: https://monarchinsure.com/advising-a-client

Business owners, have you thought about buying life insurance to cover the cost of replacing a key employee if they were lost unexpectedly? In most situations, a face amount three to five times the employee’s total compensation will cover that need – but other factors can drive that need up or down. It’s a good idea to consult a professional. Contact us for a no-obligation discussion.

Accidents and illnesses can happen to anyone! If you or your family depend on your work income to meet basic needs like groceries or mortgage payments, it might be time for you to consider disability income insurance. How much? A good guideline is 60% of your monthly before-tax income, including any coverage you get from your employer. We can help you find the right coverage.

What advice do you give to your clients about life and long-term care insurance? Contact Brad Mueller to learn how Monarch’s outsourced insurance counsel fits into your fee-based philosophy. https://monarchinsure.com/advising-a-client

Financial advisors, do your clients have significant value tied up in life insurance? A new variable universal life insurance product allows advisors to manage its underlying investments – truly matching your client’s asset allocation needs. Contact us to learn more. https://monarchinsure.com/

As the U.S. Senate reconvenes this week, the bipartisan SECURE Act 2.0 stands a chance for approval. This could mean lots of changes for retirees and retirement savers, including tweaks to Required Minimum Distributions, contribution limits, and catch-up and Roth contributions. Check out this video from Daniel Yergan to learn more about the retirement planning landscape. https://www.youtube.com/watch?v=jiVG8eivv_Q&t=3s