Personal Solutions
Succession Professionals Insurance Group LLC provides individuals and families with innovative, cutting-edge products and services to help them grow, protect, and conserve their wealth through all stages in life. Taking into account your needs, goals, and tolerance for risk, we will work with you to bring clarity to what you want to achieve and how to get there. Some of our key services are detailed below.
Financial Strategies
Guiding Your Path with Purpose
Every successful journey starts with a roadmap. At Succession Professionals Insurance Group (SPIG), we understand that you have goals—for yourself, your family, and perhaps a family business. Whether you're focused on protecting loved ones, preparing for retirement, funding higher education, caring for aging parents or a special needs child, transitioning a business, or creating a lasting legacy—having a sound financial approach is essential.
Retirement Planning:
Planning for retirement is more than just saving—it’s about creating a strategy that helps ensure income, preserves capital, and minimizes taxes. We help you develop retirement plans that incorporate both fixed-income and growth-oriented investments, tailored to your timeline, risk tolerance, and desired lifestyle.
Our retirement services include:
Retirement income projections
Employer-sponsored plan analysis (401(k), 403(b), etc.)
Roth and traditional IRA strategies
Annuity selection and optimization
Tax-efficient withdrawal strategies
While life insurance's primary purpose is death benefit protection, it can also be an effective and tax-advantaged asset in your overall portfolio. We can integrate permanent life insurance as a strategic tool for building tax-advantaged supplemental retirement income. Properly structured whole life insurance policies offer benefits such as:
Tax-deferred cash value growth
Tax-free policy loans (if managed correctly)
A guaranteed death benefit for heirs
This approach can enable individuals to access policy cash value to finance large expenses, supplement retirement income, or seize investment opportunities—all while continuing to build long-term wealth. It’s a unique, flexible solution for those seeking control and predictability in their financial portfolios.
Life insurance is subject to underwriting. Loans against your policy accrue interest and decrease the death benefit and available cash surrender value by the amount of the outstanding loan and interest. Accessing cash value will reduce the available cash surrender value and death benefit.
All guarantees are backed by the claims paying ability of the issuing company.
College Planning:
A well-designed college funding strategy can significantly reduce future financial stress. We work with families to build tailored approaches that balance investment growth with risk management, using a combination of traditional education funding tools and alternative strategies.
Our college planning strategies include:
Projected cost analysis and funding strategies
529 savings plans
Use of life insurance cash value for flexible, penalty-free education funding
Financial aid impact considerations
Integration with estate and wealth transfer planning
There are fees, charges and tax ramifications associated with a 529 plan, and the underlying investment options are subject to market risk and will fluctuate in value. Be sure to read the full prospectus of the 529 plan you decide to purchase.
Estate Planning
A well-engineered estate conservation plan can help minimize tax liability and ensure that loved ones are protected. We will work with you and your advisors to assess the impact of state and federal taxes on your estate and suggest strategies to help minimize those taxes while meeting your family’s needs. We do not provide tax advice. Please consult with your own advisors for tax advice.
401k and IRA Rollovers
When you leave a job or retire, you have a decision to make regarding your 401(k) money. While leaving those assets in the former employer's plan is an option, a rollover can be a consideration. Working with your tax advisor, we can help you determine the right course of action for you. This may include: leaving the funds in your existing plan, if permitted, rolling them into your new employer's plan, if one is available and rollovers are permitted, rolling them over to an Individual Retirement Account (IRA), or taking a cash distribution. Each choice offers advantages and disadvantages, depending on your specific needs, personal circumstances and the retirement plans, such as the desired investment options and services, applicable fees, expenses, and withdrawal options, as well as the required minimum distributions (RMDs) and tax treatment of the applicable options.
We do not offer tax advice. Please consult your tax advisor regarding your personal situation.
Premium Financing
Protect Your Legacy Without Disrupting Your Cash Flow
Premium financing is a smart financial strategy that allows qualified individuals to obtain high-value life insurance—without having to liquidate assets or tie up capital. Whether you're building a long-term estate plan or looking to enhance your wealth preservation strategy, premium financing can help you secure the protection you need while keeping your money working for you.
Premium financing involves using third-party lending to pay for life insurance premiums. Instead of paying out of pocket, you borrow the funds—often from a specialized lender—and repay the loan over time or from the policy’s eventual death benefit.
This solution is often used by:
High-net-worth individuals seeking large death benefits
Business owners funding buy-sell agreements or executive benefits
Estate planners aiming to preserve liquidity
Premium financing is a sophisticated tool that, when used correctly, can unlock powerful financial flexibility. Let our team of experienced financial professionals help you determine if it's the right fit for your legacy.
Asset Protection
There are numerous financial strategies and retirement income strategies that can help you accumulate assets for the future, protect your business and personal assets from liabilities, and safeguard asset transfer to children and grandchildren. We can help you figure out what the right course of action is for your specific situation and objectives.
Charitable Planning
Charitable giving allows you to support the organizations and causes that matter to you, while often providing immediate income streams and reducing your tax burden. Numerous charitable giving strategies exist, and we can help you design and execute a charitable giving strategy that is in alignment with your personal and philanthropic goals. Please seek tax advice from your own tax advisors.
Disability and Extended Care Needs
To execute a sound retirement strategy, asset and income protection are a must. Designing a strategy that accounts for costs for extended periods of care and disability insurance can help create the necessary balance in a portfolio to ensure stability and protection of assets.
Fixed and Variable Annuities
Planning for retirement or looking for a way to preserve your savings with guaranteed returns—or grow your investments with market potential? Our annuity options offer solutions designed for both stability and growth, depending on your financial goals and risk tolerance.
Fixed Annuities offer a powerful solution designed for stability, simplicity, and long-term peace of mind. They’re a great fit if you’re:
Planning for retirement and want to lock in a predictable income stream
Seeking tax-deferred growth with minimal maintenance
Interested in long-term financial security
Variable Deferred Annuities provide an opportunity for greater growth potential by linking your investment to market performance. They may be right for you if you’re:
Looking to accumulate funds for retirement with tax-deferred growth
Comfortable with investment risk in exchange for potential higher returns
Interested in flexible investment options tailored to your strategy
The value of a variable annuity—and in some cases, your future income payments—fluctuates with the performance of the underlying investment options. These contracts involve fees, expenses, and risks, including market risk, which may cause your investment to lose value.
Offered through NYLIFE Securities LLC (member FINRA/SIPC), a licensed insurance agency.
Everyone’s financial journey is unique. Let our team help you determine whether a fixed or variable annuity aligns best with your needs and retirement plan.
Investors are asked to consider the investment objectives, risks, charges, and expenses of the investment carefully before investing. Both the product prospectus and the underlying fund prospectuses contain this and other information about the product and underlying investment options and can be obtained from your Registered Representative. Please read the prospectuses carefully before investing.
