life insurance

Life insurance can be a very powerful tool in the estate and financial planning toolbox. Whether it's designed for income replacement, estate liquidity and taxes, wealth replacement to family in lieu of charitable transfers, or leveraging of gifts to family, life insurance is flexible enough to meet most clients' needs. It is also one of the very few tax free investments left. Proceeds from a policy can be estate and income tax free to your beneficiaries, if it is structured properly.

 For these reasons, along with others, selling life insurance can be a very lucrative business. The difference is that at Alaska Trust Company we don't sell our own life insurance products. Our recommendations for insurance, therefore, will only come from an unbiased analysis. If we feel that insurance is not an appropriate component in a financial plan then none will be recommended.

 The trust statutes that are available to you in the Alaska jurisdiction can be used in conjunction with life insurance to provide long-term protection for your heirs and your net worth. Feel free to discuss with the financial planning group if and how insurance can be used appropriately in your financial plan.