TailorMade Financial, Inc.

Tips on when to increase life insurance. For more personal and in depth information on this topic contact TailorMade today!

When To Increase Your Life Insurance Coverage Level We look at the most common reasons for increasing your policy's coverage level: a new baby, a bump in income, and marriage.

Today is please consider donating to a cause you deem worthy. And don't forget to hold on to your receipts:)

A true Thanksgiving hardship...

Tips on when to increase your life insurance. For more personalized advice make sure to contact TailorMade Financial.

When To Increase Your Life Insurance Coverage Level We look at the most common reasons for increasing your policy's coverage level: a new baby, a bump in income, and marriage.

We are the partner for affluent individuals, families, businesses & other advisors providing expertise in estate, tax, insurance & asset protection issues. Visit tailormade-financial.com for more information.

For the business owner, outside a business plan,
the most important documents to the success of the business
will be their Buy/Sell agreement. At TailorMade it is not about the idea of the month, it’s about tailor making everything for your client’s goals. In the case of business owners, the buy/sell agreement is the precursor to their estate plan. Call TMF today for assistance.

Knowing what and where all the investable assets are is part of the program for effectively managing and accumulating wealth. However, knowing who the heirs are is equally important in managing wealth transfer. There is no question that direct interaction with the kids/heirs across multiple levels is a great approach to maintaining a long term connection with the family assets. Knowing who they are, what they care about and what they want to accomplish goes well beyond doing the right thing for Mom and Dad.

Some of the world’s most expensive private schools are in the U.S. They can easily rival a year of tuition at an Ivy League college. The average private school tuition in the U.S. for a non-sectarian elementary school is $15,945 and $27,302 for a year of secondary school. Catholic and other religious private schools are less per year but still average about $6,500 a year. How does the price of your child’s school stack up? Source: TheWeek.com

“Be Prepared” the longstanding motto of the Boy Scouts
could never mean more in today’s financial services industry.
Whether it is healthcare reform, new banking and finance
regulations, revised trading rules or just the sun setting
of some current tax law, there is no doubt that taxes of
tomorrow will be very different than the tax laws we have
today. Being prepared for tomorrow starts with knowing
where you are today.

We all know that insurance provides a known amount of tax preferential money at an unknown time. This is what makes it a dynamic financial planning tool when it comes to the “what ifs” in life. In the right circumstances, the leverage, internal rate of return and ability to provide liquidity is undeniable, as the math works. However, in the case where a joint life insurance product represents a solution to minimize the net effect of estate taxes, the first step should not be marked by the presentation of a static multi-colored spreadsheet listing carriers via a cost per dollar of death benefit based on the clients’ ages/heath.

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