Life Planning Review
Business & life planning in New Jersey
Life insurance can solve a specific business-ownership, family-protection or wealth-transfer problem.
A Life Planning Review starts with the obligation you need to fund, the coverage you already own and the people it affects, not with a generic quote.
Protect business continuity
Funding a buy-sell agreement with life insurance
Fund a partner buyout so the business stays with the owners who run it.
Key person insurance for New Jersey businesses
Protect the business if the person it depends on dies, and get consent right first.
Executive bonus vs. split-dollar: paying for a key employee’s life insurance
Give a key employee life insurance instead of a raise, and choose whether you get it back.
Satisfy a lender’s requirement
Your SBA lender requires life insurance. Here’s how to close on time
Closing an SBA loan? Get the life insurance requirement in writing and finish the assignment in time.
Collateral assignment of life insurance: what your bank actually gets
Bank wants your life policy as collateral? Protect your family’s share and plan the release.
Decide who should own the coverage
Can my LLC pay for my life insurance? Who should own the policy?
Who pays, who owns and who gets paid: three decisions with three tax results.
Estate liquidity: so your heirs don’t have to sell the business or the buildings
Wealth tied up in a business or buildings? Create cash so heirs don’t sell in a hurry.
Protect family wealth
New Jersey inheritance tax and life insurance: who pays, and how to plan
Leaving money to a sibling, niece or nephew? Pay NJ inheritance tax with exempt insurance dollars.
Hybrid life insurance with long-term care: what you get if you never need care
Plan for care without losing the money if you never need it. Know what you actually get.
Fix or reassess existing coverage
Complex eligibility
Meet a legal obligation
Evaluate specialized financing
Planning basics
How much life insurance does a business owner need?
Add up family, debt and business needs without counting anything twice.
Term or whole life for a business owner? Match the policy to how long the need lasts
Pick term or permanent by how long the obligation lasts, not by habit.
Naming a minor child as your life insurance beneficiary in NJ
Leaving coverage to your kids? Make sure someone you choose can manage it.
Leaving your job? What happens to your work life insurance
Changing jobs? Don’t let your group coverage, or its deadlines, slip away.
What Kevin helps coordinate
- Review your coverage needs and the policies you already own
- Organize ownership and beneficiary questions for your attorney or CPA
- Compare carrier and underwriting options for your situation
- Handle the implementation paperwork and follow-up
- Work with your accountant, attorney and lender
What we don’t promise
- Promise approval or a particular underwriting class
- Draft legal documents or give tax opinions
- Claim access to every carrier or specialty program
- Guarantee returns or a closing date
- Replace a succession or estate plan
Questions people ask
What kind of life insurance problem should I bring to an insurance agent?+
Anything with a specific obligation behind it: a partner buyout, a lender requirement, a key employee, an old policy that’s lapsing, care planning, or coverage that’s hard to get because of visa status.
Can one policy cover my family and my business?+
Sometimes, but the needs often conflict on ownership and beneficiary. A review separates them first so nothing is counted twice.
Should my business, my trust, or I own the policy?+
It depends on what the policy is for. Ownership, premium payment and beneficiary are separate choices with different tax results; your CPA and attorney should confirm the structure.
Can you review coverage I already have?+
Yes. Start with your most recent statement and any notice from the insurer.
Can you work with my accountant and attorney?+
Yes, and for most business and estate cases you should. We handle the insurance side; they handle the legal and tax decisions.
Start a Life Planning Review
Tell Kevin what you need the coverage to accomplish. It takes a few minutes, there are no health questions online, and existing policies and documents are reviewed through a secure process.
Start a Life Planning ReviewKevin Brown, licensed New Jersey insurance producer (#3003694894)
Kevin Brown Insurance Agency, South Plainfield, NJ. You work with Kevin directly on every life case. Updated November 2026.
Coverage, policy features, premiums and underwriting requirements depend on the insurer, product, applicant and state availability. Approval is not guaranteed. Illustrations are not promises of future performance. Kevin Brown Insurance Agency does not provide medical, legal or tax advice. Consult your attorney or CPA about your circumstances.
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