Most people think life insurance is used for only one specific purpose: to replace the lost earnings should a primary breadwinner pass away. Those who subscribe to this theory often purchase low-cost, term insurance that expires soon after retirement. However, such thinking ignores the wide variety of uses for life insurance, especially when it comes to estate planning. Let’s examine several alternative uses of life insurance that many perhaps overlook.|
John Erik
Fraker
John Erik Fraker
John Erik Fraker is the chair of the Charitable Planning & Philanthropy Practice Group for Ainer & Fraker, LLP. He specializes in high level estate planning, philanthropy, and charitable planning, and provides financial solutions and charitable techniques to help people reduce taxes, provide a lasting legacy, and strengthen the family’s core identity.