Tag: Life Insurance
How Can High-Income Business Owners Supercharge Their Retirement Savings? (Ep. 92)

How Can High-Income Business Owners Supercharge Their Retirement Savings? (Ep. 92)

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Business owners with a lot of surplus cash flow often want to put it away in a qualified plan and defer taxes. The problem is that they might feel restricted by the contribution limits.

However, there is a way to set up a qualified plan and potentially contribute millions of dollars.

To learn more about this strategy, join Centura Wealth Advisory’s Sean Clark, Wealth Advisor, and Christopher Hyman, Director of Insurance Solutions, as they explain how to design such qualified plans, the types of businesses they are suited for, and any caveats to look out for.

Sean and Chris discuss:

  • The difference between defined contribution and defined benefit plans
  • A brief overview of how contribution limits are determined
  • How the plan works from setup to maintenance to termination (especially when a business is sold)
  • How to defer more money than conventional retirement savings plans (e.g., 401k, SEP IRA, etc)
  • The benefits of integrating life insurance into your qualified plan
  • And more

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Effective Use Cases of Life Insurance for Wealth Transfer, Tax Planning, and More (Ep. 91)

Effective Use Cases of Life Insurance for Wealth Transfer, Tax Planning, and More (Ep. 91)

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Life insurance is often only viewed as a way to get a death benefit.

But if you look beyond its conventional definition, you’ll see how life insurance has several use cases in tax planning, wealth transfer, and as an alternative investment!

Join Centura Wealth Advisory’s Sean Clark, Wealth Advisor, and Christopher Hyman, Director of Insurance Solutions, for an enlightening conversation about the role of life insurance in comprehensive wealth management — especially for high-net-worth individuals.

Sean and Chris discuss:

  • How life insurance provides the much-needed liquidity to pay off estate taxes
  • Life insurance as an alternative asset class
  • Four tax advantages of life insurance
  • How business owners can effectively utilize insurance in risk management, exit planning, and other scenarios
  • A rapid-fire Q&A session about insurance
  • And more

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31. How Life Insurance Solutions Can be Used as an Alternative to Fixed Income Investments With Christopher Hyman

31. How Life Insurance Solutions Can be Used as an Alternative to Fixed Income Investments With Christopher Hyman

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The interest rate yield on traditional fixed income investments, such as bonds, are at an all-time low. Consequently, there is decreased upside potential and a greater downside risk.

In this episode, David Cariani, CIO, is joined by Christopher Hyman, senior case designer at Centura Wealth Advisory, to discuss how life insurance can be a powerful alternative vehicle for fixed income investments. They also dive into the trifecta of benefits that it provides –– downside protection, high liquidity, and an attractive upside potential relative to investments with a similar risk profile.

David and Christopher discuss:

  • How major banks have benefited from Bank-Owned Life Insurance (BOLI) investments
  • Key considerations to keep in mind while selecting a carrier for the life insurance
  • The eligibility criteria to invest in the Indexed Universal Life (IUL) insurance
  • Potential issues that can arise while investing in life insurance and ways to deal with them
  • And more

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About Our Guest:

Chris has been in the financial services industry for over 13 years. As Senior Case Designer, Chris models in-depth customized planning solutions that fit the diverse needs and goals of Centura clients, and also assists in the ongoing stewardship of those plans. Before joining Centura, Chris served as the sole Case Design specialist for an advisory member firm of M Financial Group, where he developed life insurance solutions for high net worth clients, geared toward estate planning, tax efficiency, and executive compensation.

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