When it comes to protecting your family or your business, your objectives are personal and complex. At First Western Trust, we offer an array of resources, backed by knowledge and expertise, to develop, implement and administer a comprehensive life insurance plan that suits your distinctive needs.

The experience of our in-house experts is vast and includes those with disciplines in estate tax law, trust, and tax planning. This multi-disciplinary approach is applied when developing your strategic and risk-aware insurance solution.

Planning your insurance is a significant component of the wealth planning process. At First Western Trust we design your plan utilizing various insurance products to provide tax relief, maximize your retirement income and secure your wealth transfer wishes all while closely examining your risk tolerance.

At First Western Trust, we have access to the most advanced insurance services across the nation and our positive reputation amongst the major insurance companies works to your advantage. Whether we receive favorable underwriting or specialized software for the comparison of insurance contracts, our industry connections allow us to connect you with the best possible insurance services and solutions.

For instance, life insurance has many unique characteristics that make it an appropriate solution for a variety of uses, in addition to its most well-known feature of providing payment at the death of the insured. Some of the most common uses of life insurance include:

• Key Employee indemnification
• Executive Recruitment and Retention
• Business Continuation and Succession Planning
• Debt Protection

At First Western Trust we can assist in developing a comprehensive insurance plan directly aligned with your personal intentions. To learn more, please give us a call. We’re happy to discuss the risk management options available to you.

Estate Tax Liquidity and Gifting Leverage

We understand that life insurance has many different uses and the intricacies of each policy require a team of experts to bring the best possible benefit to our clients.  To help our clients make appropriate decisions we follow a rigorous process.  First we perform a needs assessment to determine areas the client may have gaps..  This is both a quantitative and qualitative assessment.  The next step is conceptual design.  We address the issues of ownership, beneficiary designation as well as how premiums will be paid. The next two steps take place simultaneously.  We conduct a product survey to determine which insurance products best meet the clients needs and we start the underwriting process.  Because we are not aligned with any one insurance company we underwrite and submit our findings to multiple companies to guarantee the best possible offers.  When necessary, we negotiate offers directly with the insurance company’s underwriters to guarantee best execution. Finally we provide on going policy support.  This may be coordinated with your others, including our trust department and your tax advisors.