Insurance Services

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High Net Worth families demand cutting edge and top tier advisory services. True complete wealth management requires the careful and highest execution of a family’s wealth objectives. 

Families with complex wealth transfer and asset protection needs, many factors need to come together and be managed on an ongoing basis. Insurance portfolios need the same dedication as an investment or real estate portfolio.

Life insurance offers critical wealth transfer advantages as well as tax favored advantages.

· Provides liquidity for the estate tax 

· Immediacy and simplicity of wealth transfer 

· Minimal transfer (gift) tax for creation of large asset outside of taxable estate

· Helps to insulate, complement, and hedge other estate planning techniques

· Tax-favored asset class; income tax free and estate tax free (if owned properly)

· Non-correlated, defensive, conservative asset with strong risk adjusted returns

Why review your Life Insurance coverage?

A life insurance policy owner should review his or her coverage on a regular basis for numerous reasons. Often there are legitimate planning issues such as changes in financial or personal situations for making changes in life insurance coverage.

In addition, improvements in available life insurance coverage offer the real possibility that clients can improve their coverage without any additional expenses.

Changing market and changing needs

· Advancing age and deteriorating health can prevent the insured from taking advantage of more cost

· effective products if a review is needlessly delayed

· Life insurance, if not owned properly, can increase estate taxes in larger estates

· Many life contracts do not meet current needs due to life or career changes

· Improved product offerings may increase coverage. Many new products have features that were not

· available in the past (i.e. secondary guarantees in Universal Life Products, Long Term Care Riders, etc.)

· Beneficiary designations may be out of date

· Older life insurance contracts may use higher mortality rates than current policies

· More lenient underwriting provides the opportunity for lower insurance costs

· Coverage may not remain in‐force to maturity, based on reasonable projections

· Outstanding policy loans may cause a policy to lapse

· Existing Term policies may be approaching a premium increase or may be beyond their conversion point

3 easy and quick steps

Step 1

By completing the authorization, we can obtain a copy of your policy on your behalf

Step 2

Once we obtain your policy, we can evaluate how it’s performing, and possibly find opportunities to improve your coverage

Step 3

Pioneer will review recommendations and discuss opportunities to increase coverage, lower costs, and improve features