Buy-Sell Funding, Long-term Care Insurance and Short-term Care Insurance.
BIM Financial Services estate planning offers assistance with planning your legacy.
Estate Planning is the process of deciding what should happen to your assets if you should die or become incapacitated, and taking the steps to ensure your decisions can be carried out. A financial planner or professional and an estate planning attorney can help you design a plan that works for you circumstances.
When a buy/sell agreement is funded with life insurance, the policy owner uses the insurance proceeds to purchase the business interest of the deceased owner's interest at a predetermined amount. This type of buy sell agreement is called an Entity Purchase Agreement or Stock Redemption Agreement.
Long-term Care Insurance
Long-term care insurance (LTC or LTCI) is an insurance product, sold in the United States, United Kingdom and Canada that helps pay for the costs associated with long-term care.
Short-term Care Insurance
Short-term care insurance, also known as recovery care, typically provides benefits for 12 months or less.