Advanced Planning's Jim Barbee discusses a recent agribusiness case. The agent used Advanced Planning's business valuation service to value a farm and placed a policy on the farm owner to facilitate the transfer of the business to the farmer's daughter (with premiums paid by the farm). The agent placed a second policy on the farmer to create additional estate wealth that could be passed on to the farmer's son. Because the death benefit on the second policy was equal to the value of the farm, the farmer was able to equalize the inheritances he was leaving to his two children.

Advanced Planning

AuguStar Financial

AG business case study

SEP 22, 20255 MIN
Advanced Planning

AG business case study

SEP 22, 20255 MIN

Description

Advanced Planning's Jim Barbee discusses a recent agribusiness case. The agent used Advanced Planning's business valuation service to value a farm and placed a policy on the farm owner to facilitate the transfer of the business to the farmer's daughter (with premiums paid by the farm). The agent placed a second policy on the farmer to create additional estate wealth that could be passed on to the farmer's son. Because the death benefit on the second policy was equal to the value of the farm, the farmer was able to equalize the inheritances he was leaving to his two children.