Life Insurance & IUL Advisor in Bloomfield Hills, MI
CentraLife advisors serve Bloomfield Hills families from our Dearborn, MI headquarters — max-funded IUL, mortgage protection, final expense, and estate strategies. In person or by phone.
What is a SLAT and why do Bloomfield Hills families use them?
A Spousal Lifetime Access Trust lets one spouse gift assets — often a cash-value life insurance policy — into an irrevocable trust benefiting the other spouse. Assets grow outside the taxable estate while the household retains practical access through the beneficiary spouse. It’s a cornerstone technique for using today’s estate exemption before any future reduction.
Is premium financing legitimate or a gimmick?
Legitimate but unforgiving — borrowing to fund large policies works when interest rates, crediting rates, and exit strategy are stress-tested honestly, and fails when they’re not. We model it conservatively and tell you plainly when the answer is no.
Our estate plan was drafted years ago. What triggers a re-design?
Exemption law changes, a business sale, a move, a death, or simply policy performance drifting from the original illustration. A review costs nothing and most plans written more than five years ago have at least one material gap.