A captive insurance company, often referred to as a “captive”, is a risk transfer entity and an alternative to the traditional commercial insurance and reinsurance markets. A captive is a privately held insurance company that is usually a subsidiary of the insured business. It issues policies, collects premiums and pays claims, just like a commercial insurer. The major difference, however, is that it does not offer its services...
What is a last will and testament? First and foremost a last will and testament (“will”) is a legal document. A will describes a person’s final wishes, their desired distribution (wish list) of their property and assets, and the guardianship of minors. As a legal document, a will, to be valid, must follow strict rules that vary by state. If any of these rules are not followed,...
Buying Notes with your Self-Directed IRA Now that you know the basics of a Self-Directed IRA, let’s dive into some of the leading trends in Self-Directed Investing. With all of the stock market uncertainty, investing in notes has become increasingly attractive using tax-deferred funds in your IRA or retirement plan. Notes can be a great option because the payment streams come into your IRA and in the...
