No. Although there are potential estate planning benefits that arise from ownership of a reinsurance company, that alone is not adequate to justify the formation of a reinsurance company. The decision of whether to form a reinsurance company is focused solely on the management of business casualty risks, not other criteria. Estate planning benefits, if any, are incidental to the insurance purpose.
Can I form a reinsurer simply for the estate planning benefits?
About the Author: Josh Miner
Involved in the financial services industry for over twenty years, Josh is a nationally known sales and marketing coach for financial advisors and Managing Partner of Spike Sales, LLC, located in Dana Point, California. Spike Sales provides comprehensive sales and marketing solutions for financial professionals. Josh has been a speaker and content provider for the Fortress and is our Marketing Director. Fortress partners with Spike Sales to handle the management of the day to day marketing functions. Spike Sales team oversees advisor support, web technology management, business development and many other valuable functions needed in today's ever-changing marketplace.