Business continuation for your family business, buy-sell agreements, or key employee insurance. You have an estate tax plan in place with your tax attorney and accountant to minimize your tax liability, and you need an insurance plan to cover the remaining estate tax costs. This type of insurance provides the owner with universal life insurance protection with flexible investment options. The policyowner decides how the cash value of the policy is invested among the investment options offered. These investment choices typically include stock, bond, and asset allocation funds, allowing the policyowner to take advantage of market opportunities.
Many companies even offer name brand investment options to choose from.
The life insurance protection you need greatly depends on your stage in life and your financial resources. Your Travelers representative can also perform a detailed needs analysis to determine which type of insurance would best meet your needs. Even though you have a life insurance policy, it is always a good idea to review your policy periodically with your insurance representative and update it as needed. The purchase of a new home. You have recently refinanced your home mortgage.