Life Insurance

Generally, no. If the business is the beneficiary (like in a Key-Man policy), the premiums are not tax-deductible. However, the multi-million dollar death benefit pays out entirely tax-free.

An Indexed Universal Life policy ties its cash value growth to a market index (like the S&P 500) while guaranteeing a floor against market losses. It's a favorite vehicle for high-net-worth tax shelter.

For key-person coverage, a common benchmark is 5 to 10 times the insured's annual compensation or contribution to profits. For buy-sell funding, the death benefit should equal each partner's buyout valuation. We run the actual math based on your corporate valuation before recommending any number.

Standard term and whole-life policies underwrite in 4 to 8 weeks. High-value and IUL policies for high-net-worth individuals can take 8 to 12 weeks due to financial and medical review. We coordinate every exam, financial documentation, and carrier interaction so you stay hands-off.

Absolutely. Medical and financial information required for underwriting moves through carrier-direct encrypted channels, SMAART stores only the final policy documentation inside our SOC-aligned environment. Access is limited to the specific advisor assigned to your family or business.