Keep me logged in until I sign out. For example, it would make little sense for an inheritance to be received by an IEP client from his parent to be exposed to the risks the client seeks to avoid. IEPs have proven quite useful for clients who desire testamentary freedom as to the ultimate disposition of their property. It is not uncommon for a person who sells his or her business or professional practice to be concerned with protecting the sale proceeds.
Many people believe that a large insurance policy serves as a magnet for litigation.
IEPs have allowed such individuals to either eliminate or reduce coverage. IEPs have been used for covering periods during a lapse in insurance coverage. IEPs may provide back-up insurance coverage. Many business people and professionals are often involved in business or investment activities that are outside the scope of their main area of work. An IEP affords protection against risks that can arise from these other activities.