Case Study # 3

Two partners, ages 56 & 52 years old, have a IT consulting business currently valued at $ 10.0 Million. They want to have the capital available to buy each others interest if there is a premature death. The long term goal is to supplement their retirement with tax favored income. We set up a premium finance scenario and paid the bank back their entire cost of the loan in year 13. Also, the plan will provide tax favored retirement income for both partners. The death benefit given to their families are passed on income tax free.