Premier Financial team photo
Premier Financial logo
MDRT logo


Avraham "AY"  Rappaport, CLTC

President, Financial Professional


Yaniv "Jay" Natanov

President, Financial Planner


Eli Rappaport

Vice President, Financial Planner


Shlomo Rosenstein

Financial Professional


Ozzie Marizan

Financial Planner


Joseph Greer

Employee Benefits Administrator


Dylan Pinsky

Client Relations Manager


Premier Financial

6395 Dobbin Road, Suite 102

Columbia, MD 21045


Phone:  240-309-6001




July/August 2023

Increase and Protect Wealth With Life Insurance

Happy elderly  couple  dancing  on  tropical beach

In its most basic form, life insurance* is pure financial protection. Most people buy life insurance to provide the financial means to pay final expenses, cover outstanding debts and leave family with the financial ability to carry on.

For high-net-worth indviduals, however, life insurance can help to meet a variety of financial challenges from helping to protect and even increase intergenerational wealth to financially protecting a closely held business against a variety of risks, life insurance can help meet a variety of financial challenges.

Multi-Purpose Vehicle
For example, life insurance can simply be a means to leave a cost-effective financial legacy behind for a favored charity without depleting assets earmarked to family beneficiaries. Affluent estates often use it to help offset estate taxes. While life insurance proceeds are generally income tax free, they are considered part of an estate for estate tax purposes unless coupled with an irrevocable life insurance trust (ILIT).

Life insurance is also one way owners of closely held businesses fund a buy-sell agreement or protect against a key employee's loss. Both strategies, when paired with a properly structured arrangement, use life insurance’s death benefit to offset resulting financial losses.

When one child inherits a family business and another isn’t involved in it, life insurance can also be used to equalize an estate. Permanent life insurance’s cash value can also supplement retirement income or increase the policy’s death benefit.

There are a handful of varied life insurance types, each one offering different advantages and disadvantages. Additionally, you need to be wary of overfunding any cash value policy that creates a modified endowment contract, which would result in losing many of the tax benefits. So, it is important to seek the help of a financial professional to ensure you use the right type of insurance and structure with any life insurance policy.

*Applications for life insurance are subject to underwriting. No insurance coverage exists unless a policy is issued and the required premium to put it in force is paid. Accessing cash values may result in surrender fees and charges and may require additional premium payments to maintain coverage and will reduce the death benefit and policy values and may have tax consequences. Guarantees are based on the claims-paying ability of the issuer.



Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Premier Financial is not affiliated with Prudential Financial. Premier Financial sells insurance products of Prudential Financial's affiliated insurance companies in addition to products of non-affiliated insurance companies. Premier Financial is authorized to sell and service certain insurance products of Prudential Financial companies as well as use this material. Premier Financial and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Offering financial planning and investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Dylan Pinsky is employed by Eli Rappaport and not The Prudential Insurance Company of America or its subsidiaries.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
Premier Financial and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.