In today’s rapidly evolving landscape, managing risk is a constant necessity.
At Árachas Group, we adhere to rigorous client service standards, one of which is conducting a thorough financial protection review. This review is crucial in ensuring that our clients’ policies are effectively safeguarding them from a financial standpoint. It also provides an opportunity to make necessary adjustments or additions promptly, before any issues arise.
We are dedicated to ensuring our clients have the right financial protection to safeguard their most valuable assets. That’s why all our agents are required to connect with clients annually to confirm they have the appropriate coverage.
For instance, consider the review of a buy-sell agreement. Recently, the Supreme Court upheld a decision stating that the IRS can include life insurance proceeds used for redemption obligations in an individual’s estate tax calculation. This ruling, from Connelly v. Department of Treasury (2021), was reaffirmed on June 6, 2024.
A financial protection review ensures that any stock purchase agreements—whether entity or redemption style—are thoroughly examined and updated based on these new legal developments.
To discover how Árachas Group can help enhance your insurance program and protect your future, visit our website or contact us today!
