Dodd Consulting, LLC

"We guide our clients through their decision making process involved in considering Executive Benefits, Employee Benefits, Wealth Preservation and Insurance Planning."

 

Life Insurance

Life insurance provides payment of a death benefit at the death of the insured(s). However, life insurance has many unique characteristics that may make it an appropriate solution for a variety of uses in addition to the death benefit protection. Some of these characteristics include:

  • Policy cash values accumulate on a tax-deferred basis.
  • Policy death benefits are received income tax-free.
  • Policy cash values may be accessed on a tax advantaged basis. Please keep in mind loans and partial withdrawals may decrease the death benefit and cash value and may be subject to policy limitations and income tax.

M Financial Group Member Firms are comprised of successful and experienced professionals in the business. The collective buying power of M allows Member Firms to utilize more favorable pricing experience than off-the-shelf products and to garner special service considerations. Reinsurance through M Financial Re allows Member Firms to have greater insight into the pricing fundamentals of various policies. These and other advantages through the M Financial Group make selection of a Member Firm as your representative a prudent choice.

Purposes of Life Insurance

Life insurance is used in many personal, business and charitable contexts. Some of the most common uses of life insurance are:

Business

  • Key Employee: provide funds to aid in the search for a replacement in the event of death of a key employee.
  • Executive Recruitment and Retention: used to provide a variety of non-qualified benefit programs to help attract and retain key employees.
  • Business Continuation: provide funds to aid in the continuation of business in the event of death of a key revenue generator
  • Succession Planning: provides liquidity to purchase the ownership interest of a deceased owner.
  • Debt Protection: creates a pool of money that can be used to pay off lines of credit.

Personal

  • Family Protection: provides a source of cash for surviving family members to utilize for living expenses.
  • College Funding: provides a funding source for college education of children or grandchildren.
  • Debt Protection: generates cash to pay off an existing mortgage or other personal debt.
  • Wealth Creation: provides funds to leave as an inheritance or to equalize inheritances among family members.
  • Estate Tax Liquidity: creates liquidity to pay estate taxes rather than requiring liquidation of existing estate assets.
  • Gifting Leverage: leverages the use of the annual gift tax exclusion, the applicable exclusion, and/or Generation Skipping Transfer Tax exemption.

Charity

  • Wealth Replacement: used with many charitable gifting programs to replace for heirs the value of estate assets that were gifted to charity.
  • Gift Creation: used to create a significant donation to charity at death.
  • Gift Leverage: used to maximize the eventual charitable donation at the death of the insured.

Dodd Consulting, LLC

One Landmark Square, 8th Floor, Stamford, CT 06901-2603 (map)
Phone: (203) 504-3633 · Fax: (203) 504-3639 · E-mail: info@doddconsulting.net