Kenneth John Tooke II

Who We Serve

While each of our valued clients’ situations and goals are unique, most of them share three similar challenges that they need help solving. In each of these three situations, premium financing should be a considered option.

I need to equalize the value of what I am going to leave behind for each of my heirs.

Equalizing your estate as a business or real estate owner can be a sensitive subject for your family or business partners, but it doesn’t have to mean liquidating assets. Life insurance can be a great strategy to help ensure that your heirs receive equal legacy gifts. Determining and paying for the right amount of life insuance can be expensive. Leveraging existing income-producing assets as collateral can be a good strategy to allow the bank to front the money for your initial premium.

My heirs are going to be burdened by a large estate tax bill.

Without foresight and proper planning, the burden of estate taxes can force heirs to sell assets such as business interests or real estate at inopportune times. Life insurance benefits, typically received tax-free, can help alleviate the burden of estate taxes, but often requires a significant up-front payment of premium. Again, leveraging existing, income-producing assets as collateral can be a good strategy to allow the bank to front the money for your initial premium.

I have a loved one that is financially dependent on me. What happens if I die first?

Providing for a loved one is probably the most common use of traditional life insurance, and is a noble thoughtful use of the tool as well. But what if you don’t have the cash on hand to pay the premium needed to secure the proper amount of coverage? What if raising that cash would mean selling assets at an inopportune time? If these questions resonate with you, then it is likely that premium finance should be an option you consider.

For the advisor that already has a deep understanding of premium financing, life insurance contracts, and trust planning, but would like a resource to help evaluate the options available and recommendations on what might be most valuable to their clients, we can be a great strategic resource.

Operating as your “back-office technician,” we will help determine if premium financing is a good option for your client, design life insurance contract options (including Universal Life and Whole Life), work with the Concierge Planning team in Milwaukee to design trust planning, and provide coaching on communication that needs to happen with the client to help them understand both the risk and the benefits provided by premium financing.

The Partner Advisor Program

If you are looking for a true joint work partner, this program is a better fit for you. Leverage Ken’s 20+ years of experience, relationships and communication skills to help your client understand the value of premium financing.

Ken will quarterback the entire premium finance process, from discovery to implementation, while you focus on maintaining a deep, intentional relationship with your clients. This allows you to truly play the role of the trusted advisor in your clients financial planning, while positioning Ken as a technician and strategic resource to whom your clients only have access because of their relationship with you.

Ken’s ability to communicate these complicated strategies in simple terms is likely the difference between your client leaving confused and leveraging a unique strategy that other advisors in the industry don’t understand. Ken also deeply understands how to “speak the language” of the banker, and has developed key banking relationships that understand the strategies being deployed. Leveraging Ken in his fullest capacity will ensure that the strategies deployed are thoroughly designed to help minimize any potential issues after implementation.