M&K Financial Services
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When cash flow is a road black to planning, there are alternative options.
Problem:
During the process of estate planning, a client decided he wanted to purchase life insurance to pay the estate tax that would be due upon his passing. However, the client was not comfortable committing to the premium required to support the desired death benefit. The client knew that his father, (currently 98 years old) was planning to leave him a large inheritance, and planned to purchase some insurance now and wait for the inheritance to complete his plan. Unfortunately, the client recognized that his own health might not always allow for the preferred insurance rates being offered him today. He turned to M&K Financial Services LLC for some advice.
Solution:
The M&K Financial Services Adviser recommended that the client take out a loan to purchase the full policy at today's rates. Using an innovative planning technique called Premium Finance Life, MK-F&S was able to arrange financing for several years on extremely favorable terms. This would allow completion of the plan today without the financial burden he would otherwise have felt. The client plans to satisfy the loan when he is comfortable, likely with the inheritance. In the meantime, he has peace of mind knowing that his life insurance plan is at the appropriate level
After completing the pension, we discovered that the client had estate planning concerns on the distribution of their estate liquidity. Primarily the estate was made up of illiquid assets (real estate), which had to be sold to pay for the estate taxes.
By utilizing Premium Finance Life the client was able to purchase the insurance needed to distribute estate for minimal cost.
Securities offered through AMERICAN GENERAL SECURITIES INCORPORATED. Member of NASD and SPIC, 2727 Allen Parkway, Suite 290, Houston, TX 77019 - phone # 800-247-4669. Member of the American International Group, Inc. M&K Financial Services LLC is a separate entity from any member of the American International Group, Inc. Money management services are offered through M&K Investment Advisers LLC, an Independent Registered Investment advisor.
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