There’s a strategy used by some companies with their key personnel called (commonly) Split-Dollar Critical Illness Insurance. In theory, it provides key person critical illness protection for the business, as well as funding an asset transfer of some kind to that key individual in the future. The following article is a fairly technical look at the concept, along with the potential risks from a taxation standpoint. If you have any questions about whether this kind of strategy would be appropriate for your business, give me a call.
One of the biggest trends in our industry these days is InsurTech, or “insurance technology”. Specifically, the emerging waves of cutting-edge startups around the world, causing major (and much-needed IMO) disruptions to one of the oldest, most heavily entrenched and staid fields in the world.
First referenced in any serious way at a 2015 presentation by Financial Technology Partners, InsurTech at the time focused on four key trends: