Tip of the Week

Life Insurance for Business Owners: Inside or Outside?

The reduced income tax rates for businesses have led many business owners to question whether it makes sense to accumulate life insurance values inside a C corporation or outside. But a closer look suggests that the benefits inside the company might not be as profound as owners expect. In addition, there are significant non-tax considerations that should be weighed. Advisors who understand these issues can add the most value and help their business owner clients navigate the interaction between their personal and professional financial circumstances, while making the best use of funds put aside for future income.