Protect your income and maintain your lifestyle in case of unexpected events.
Custom solutions to protect your wealth and help with your family’s financial security.
Comprehensive planning for future healthcare needs and asset protection.
Founded in 1987, Summit Legacy has established itself as a professional partner for high-net-worth individuals and business owners seeking sophisticated insurance and estate planning solutions.
We deliberately focus solely on life, disability, and long-term care insurance to provide unparalleled expertise and service in these critical areas.
A family has a real and permanent insurance need. The policy is sized correctly, the trust is drafted, and the trustee is the right person. Then someone runs the premium, and it turns out to be well beyond what annual exclusion gifting can absorb. The family would rather not spend lifetime exemption on payments that will continue for twenty years or more.
Split dollar can allow an organization to provide a significant life insurance benefit to a particular executive while retaining an economic interest in the dollars it contributes. Done well, that solves a problem a simple bonus cannot. Done badly, it leaves both parties managing an arrangement nobody knows how to unwind.
When does PPLI make sense and when should we walk away?
That’s changed.
Private equity entry does not just change who owns a professional services firm. It changes the questions the management team needs to be asking about their benefit programs, and the urgency with which those questions need to be answered.Attorneys want to know when it fits into estate plans. CPAs want clarity on the tax mechanics. Wealth managers want to understand how it’s actually implemented. And nearly everyone asks the same underlying question:
When does PPLI make sense and when should we walk away?
That’s changed.