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Life Insurance Planning

Life insurance is designed to provide a measure of financial security for your family and business. It‘s not a language easily understood by everybody, so at the Karchmar Group we take as much time as you need to fully explain everything in clear detail. Plus, we research every life insurance company to determine the best possible strategy and create a plan that’s right for you. Knowing the numerous alternative solutions enables us to fit each client’s specific needs.

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Life Insurance Planning

In general, life insurance provides strategic financial benefits, such as:

• Due to the death benefit, life insurance provides an influx of cash for dealing with the adverse financial consequences of the insured’s death
• Cash values grow tax-deferred during the insured’s lifetime
• Death benefits are commonly income-tax-free to the beneficiary
• Cash value withdrawals are treated on a first-in-first-out (FIFO) basis,

thus cash value withdrawals up to the total premiums paid are typically      income-tax-free
• Policy loans are income tax-free
• If owned suitably, death benefits may be estate-tax free
• If structured properly, a life insurance policy may be exchanged for another life insurance policy without incurring current taxation


Sharp and assertive underwriting is the most crucial factor in affecting the cost of insurance. Using our personal relationships with underwriters and independence from any and all carriers, our clients can receive the most competitive offers with respect to pricing, coverage and health ratings. Our success in complex underwriting makes us a valuable and unique partner in servicing all our clients.

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Life Insurance Policy Audits

Like other financial instruments, life insurance is an asset that must be continually managed. Because of frequent industry improvements of products, pricing, and longer life expectancies, we’ve developed a process dissecting every detail of your in-force coverage to discover potential areas of improvement.

Policy Audits include:

• The current product and the goals of our clients
• Valuation of current coverage details and costs
• IRS Regulations and Procedures
• Insured’s Life Expectancy
• Identification of strong or weak    guarantees built within each product

• Future funding requirements

• Review of current ownership and        beneficiary designations relative to goals
• Identification of income, estate or gift tax issues with respect to current tax laws
• Possible premium reduction and/or    increase benefits of current policy(ies)

at no additional cost

Just a few of the reputable companies we partner with 

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