Pyle Wealth Advisory
Early in the medical professional’s career, when families are being started, there will be a ‘pure’ need for insurance. Providing a continuation of income for loved ones and support for education is paramount. Later in the career, however, after accumulation of significant personal and corporate assets, this pure requirement is diminished and replaced with the need to create tax efficiency and estate protection and transfer. Permanent insurance is one of the best ways to meet these very important needs. A still more effective strategy for the medical professional is to hold either a whole life or universal life policy inside the corporation. Not only are the investments held within the policy tax sheltered, policy premiums can be made from the corporation’s cash flow, without the need of paying out a salary to the professional to fund an individually held policy.
Our team ensures that an insurance strategy is only implemented once a comprehensive financial plan has been created and a needs analysis performed, taking into account the medical professional’s unique goals and objectives.