Income, Wealth & Asset Protection

We help our clients look at life insurance plans and solutions for those unable to work in their occupation due to illness or injury.

Income Protection

The Ability to earn income is often an individual and professional's greatest asset. Quantifying earning power and income protection needs is a cornerstone of insurance planning-both life and disability.

Wealth Protection

Creating and earning wealth is hard enough, much less leaving it subject to unnecessary income taxes, and voluntary estate taxes. We employ a number of time-tested, tax-efficient strategies to minimize, or alleviate, tax liabilities.

Estate Liquidity

The tax-free proceeds from life insurance can be used to offset settlement costs, which may include estate taxes. Families often rely on the liquidity provided by life insurance proceeds to preserve assets for future generations.

Liquidation of an Estate Following Death of an individual's estate does not just occur upon a death. Liquidation of an estate most often occurs when someone in the family dies, and refers to the disposition of everything owned by that person.

Liquidity in a life insurance policy refers to your ability to get cash from your policy while you're alive.

Legacy Impact

Policies means any insurance policy or program not otherwise included in the Seller Insurance Policies under which insurance coverage was, is or hereafter may be available to the Companies or the Companies' Subsidiaries, or any predecessor in interest to the Companies.

Life insurance in conjunction with sound legal tax planning creates a larger balance sheet from which to accomplish your family and philanthropic Legacy objectives

Life & Disability

Applications For Life personalizes and tailors each service perfectly to fit the clients needs, every story is different, as is every case.

Life

Most people understand the importance of having life insurance to provide financial security in the event of their deaths, but it is sometimes difficult to obtain coverage. Applications For Life has a variety of products to meet your needs. With our services, individuals can receive protection for mortgages, college funds, retirement and estate planning.

Disability

Accidents happen unexpectedly and when they do, it is important, to have the ability to continue to pay ongoing bills and obligations. Application For Life looks after those with disability by working closely with their clients and their future.

Long Term Care

Many individuals may feel uncomfortable relying on their children or family members for support, and find that long-term care insurance could help cover out-of-pocket expenses.

Why long-term care insurance?

About half of 65-year-olds today will eventually develop a disability and require some long-term care services. Regular health insurance doesn’t cover long-term care and you’ll have to pay for it yourself.

Further Advantages

Long-term care insurance can have some tax advantages if you manage your deductions, especially as you get older. The federal and some state tax codes let you count part or all of long-term care insurance premiums as medical expenses.

Special Needs

Through these options, a special needs child can be covered under health insurance even though these policies have their own limitations.

Yes, individuals who are currently receiving SSDI or SSI may be able to qualify for a traditional term or whole life insurance policy. In fact, some may even be able to qualify for a Standard or better rate!

Life insurance can help you provide some future financial support for a child with special needs. Permanent life insurance, which can be in place for the insured's lifetime1, is a product parents may want to consider.

1, Autism
2. Diabetes
3. Health Insurance

Foreign National

Interactively procrastinate high-payoff content without backward-compact. You will need to live in the US while you purchase and receive your life insurance, and you will need to be able to provide proof of residence. When you apply for life insurance, you should make sure to check with your insurer about their policies regarding travel and moving back overseas. Quickly cultivate optimal processes and tactical architectures.

Access to top ranked industry carriers provides foreign nationals with US dollar denominated funds to create and transfer wealth

Can non U.S. citizens buy life insurance?

Yes, you can get approved for life insurance in the United States even if you are not a U.S. citizen, as long as you have the proper documentation. At minimum you'll need a Social Security number. Most insurance companies will also require a green card or valid visa.

Portfolio Review

What Is a Policy Portfolio Review?

The objective of a policy review is to ensure that your life insurance coverage is in alignment with your current financial needs. A policy review ensures that your life insurance policy meets your needs today.

How To Build A Perfect Insurance Portfolio

1.  Know your needs.
2. Quantify requirements.
3. Understand products.
4. Periodic review.

Philanthropic

You can donate a term life or permanent life insurance policy. But a term life insurance policy isn't ideal for charitable giving because the policy is in force for only a certain number of years. Donating a permanent policy can make more sense. Your gift will make it to the charity even if you live a long life.

Premiums paid by the donor after a lifetime gift of a policy to charity are deductible for income tax purposes. When the charity is named as the policy beneficiary, the death proceeds paid to the charity are deductible for federal estate tax purposes.

Premium Finance

Many individuals may feel uncomfortable relying on their children or family members for support, and find that long-term care insurance could help cover out-of-pocket expenses.

Premium Finance at Applications For Life takes a different approach. With our qualified financial planner and advisors they can help you mitigate the risks and Used properly it can be an effective and suitable tool.

Leverage - multiplies the effect of the insurance policy’s investment returns.

Arbitrage - borrowing costs are lower than the returns of the life policy creating a net benefit.

Maximize Life Coverage - financing the premium means your client can buy more life coverage when healthy and younger.