Protect Your Legacy.
Comprehensive wealth and risk management for families and business owners. Insurance is the foundation of a secure financial plan.
Strategic Protection
Insurance is more than just a policy; it's a critical component of your overall financial strategy and legacy planning.
Term Life
Affordable protection for a set period (10-30 years). Best for replacing income and covering mortgages during high-expense years.
- Lowest monthly premiums
- Pure death benefit protection
- Convertible to permanent later
Whole Life
Permanent coverage with guaranteed returns. Builds cash value that acts as a stable, non-correlated asset for your portfolio.
- Coverage lasts forever
- Guaranteed cash value growth
- Fixed premiums that never increase
IUL (Indexed Universal)
The modern wealth builder. Links your growth to market indices (like S&P 500) with a 0% floor, protecting you from losses.
- Upside potential, downside protection
- Tax-free retirement income
- Flexible contributions
Business Risk Management
If you own a business, you are the biggest asset. We structure policies to protect the continuity of your enterprise.
Key Person Insurance
Provides an immediate injection of cash to the business to weather the financial storm caused by the loss of a top executive or revenue generator.
Buy-Sell Agreements
Funded by life insurance, this ensures surviving partners have the capital to buy out a deceased partner's shares from their family without draining company reserves.
Executive Bonus Plans
Use life insurance as a tax-deductible perk to retain top talent. The business pays the premium, and the employee owns the cash-value asset.
Why Insurance is Part of Your Wealth Strategy
Insurance isn't just about protection; it's a financial tool. Properly structured policies can provide tax-free retirement income and liquidity for business opportunities.
At Taxracy, we integrate your insurance planning with your tax and business strategies to ensure maximum efficiency.
The Wealth Ecosystem
- Tax Advantages: Life insurance cash value grows tax-deferred and can be accessed tax-free.
- Asset Protection: In many states, life insurance cash value is protected from creditors.
- Business Continuity: Fund buy-sell agreements and protect key employees.
Insurance FAQ
Common questions about policy types and coverage.
A general rule of thumb is 10-12 times your annual income. However, we calculate it based on your debts (mortgage), future expenses (college tuition), and income replacement needs for your family.
Term insurance covers you for a specific period (e.g., 20 years) and is affordable protection. Whole life (or permanent) covers you for your entire life and builds cash value that you can access while you are alive.
Yes. Policies like IULs (Indexed Universal Life) allow you to accumulate cash value tax-free. You can take loans against this cash value in retirement to supplement your income without triggering taxes.
Key Person Insurance is a life insurance policy purchased by a business on the life of a key employee or owner. If that person passes away, the death benefit is paid to the business to cover financial losses or find a replacement.
Generally, life insurance death benefits are paid out income-tax-free to beneficiaries. However, there may be estate tax implications for very large estates, which we can help you navigate.