Advanced Concepts
Strategies with more moving parts, explained plainly.
Key person insurance
Life insurance a business owns on someone it can't easily replace.
Read moreBuy-sell agreement funding
Using life insurance to make sure a buy-sell agreement actually has the money to work.
Read moreExecutive bonus plans
A simple way to reward and help retain key people with life insurance they own.
Read moreInfinite Banking
Using a specially designed whole life policy's cash value as a source you can borrow against.
Read moreSurvivorship (second-to-die) life insurance
One policy that covers two people and pays after the second death.
Read moreIrrevocable life insurance trusts (ILITs) and estate liquidity
Having a trust own your life insurance to control how the money is used and keep it out of your estate.
Read moreAnnuity income floors and ladders
Covering your essential expenses with guaranteed lifetime income.
Read more1035 exchanges
Moving from one life insurance policy or annuity to another without triggering income tax, and when it may or may not make sense.
Read moreHybrid life and long-term care, and living benefits
Life insurance or annuities that can also help pay for long-term care or serious illness.
Read moreAdvanced concepts are described in general, simplified terms for education only. They involve legal, tax and financial considerations that depend on your situation and on current law, which can change. IAM Money Management does not provide tax or legal advice; consult your attorney and tax professional before implementing any strategy. Life insurance and annuity products are issued by insurance carriers, and features, costs and guarantees vary by carrier, product and state. Guarantees are backed by the claims-paying ability of the issuing carrier.