Are your insurance strategies covering the full spectrum of protection you need?

  • With estate taxes due typically nine months after the date of death, having a liquidity strategy in place will help keep your assets secure from an unintended sale.
  • A new study from The First Street Foundation lists 14.6 million properties in the 100-year flood zone, which is where there is a 1% chance of a flood striking in any one year.  
  • It’s important to keep in mind that even a large estate can be drained in surprisingly little time in the absence of a family’s primary income earner.

Times of uncertainty cause us to evaluate many things in our lives, and to explore opportunities that could enhance our financial well-being and planning efforts. September is National Insurance Month, and our experts have compiled some insurance planning insights that may not be on your radar screen. Estate liquidity, property protection, and income replacement are three key areas where insurance can play an advantageous role.  

This article is for informational purposes only and is not intended as an offer or solicitation for the sale of any financial product or service. This article is not designed or intended to provide financial, tax, legal, investment, accounting, or other professional advice since such advice always requires consideration of individual circumstances. If professional advice is needed, the services of a professional advisor should be sought. 

There is no assurance that any investment, financial, or estate planning strategy will be successful. 

Certain information in this article was obtained or derived from other third-party sources and other elements were provided in their entirety by a third party. Such third parties are believed to be reliable, but the information is not verified, and no representation is made as to its accuracy or completeness. The opinions, estimates, and projections constitute the judgment of Wilmington Trust and are subject to change without notice. 

IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that, while this publication is not intended to provide tax advice, in the event that any information contained in this publication is construed to be tax advice, the information was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any matters addressed herein.

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