Typical Business and Estate Planning Uses
A viable and usually
cost-effective option in any situation where there is a need
for guaranteed income for a designated beneficiary.
Business Succession - "Buy & Sell"
- In planning for business owners the Stewardship Life
Income is a cost effective tool for funding "Buy
& Sell" agreements. It is an excellent
alternative to life insurance lump-sum death benefits for
a surviving spouse who is not active in the
business. The spouse can be the beneficiary of the
appropriate level of guaranteed lifetime income and the
business can pass to other family members or business
partners unencumbered by the need to support the surviving
spouse.
Executive Benefits
- As an executive benefit the Stewardship Life Income is
an excellent "Golden Handcuff" for valuable management
employees. The corporation pays and deducts the
premium and the insured's beneficiary receives guaranteed
lifetime monthly income at the employee's death.
Voluntary Employee Benefits
- The Stewardship Life Income can be offered as a
voluntary employee benefit. The monthly income
benefit is more attractive to many employees than a life
insurance lump-sum benefit which is often dissipated in a
short period of time.
Estate Asset Preservation
- A common objective of estate planning is the
preservation of estate assets. The stewardship Life
Income can be effectively used to guarantee lifetime
income to a surviving spouse or other heirs, thereby
eliminating the need to liquidate estate assets.
Source: The Baltimore Life Companies sales materials provided for use by
Independent Insurance Sales & Brokerage, Inc.
Your Survivor's Future
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Stewardship Life Income
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Personal Uses
Business & Estate Planning
Important Considerations
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