C3 Financial Partners

May 2023 Newsletter

The Best of Times…and the Worst of Times

Divorce can be upsetting and overwhelming.  There are a lot of moving parts and even an amicable divorce can cause financial challenges.

It’s easy to understand that amid all that, life insurance would be an afterthought.  This might be a mistake.

Our latest blog looks at how life insurance can help protect the assets accumulated over the course of a marriage.  While every divorce will have a different set of financial challenges, life insurance can be a crucial component of a divorce settlement.

C3 Financial Partners works with advisors and their clients who are faced with decisions regarding existing life insurance policies and the need for new coverage resulting from a divorce.

2 pairs of hands on either side of a document about to be signed

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From the Mouths of Babes

A little humor in this month’s newsletter as we share a conversation Todd recently had with his grandson, Sam, age 11, at their weekly lunch:

Todd: I get excited about helping our clients pay their estate taxes with life insurance.

Sam: When do they pay those taxes?

Todd: When they die.

Sam: Really, they pay taxes when they die?

Todd: Yes, but it depends on the size of their estate.

Sam: Why wouldn’t everyone just move to Rhode Island?

Todd: What?

Sam: You said the tax was based on the size of their state!

todd healy and his grandson sam


IRS Applicable Federal Rate Update

There was a slight shift in the AFR rates for June.  To see the updated rates, head to the link below.

See the AFR Report

ICYMI – Our Latest Coffee with C3

At our latest Coffee with C3, Barry D. Flagg, inventor and founder of Veralytic®, Inc., discussed the meaning of Client’s Best Interest according to New York’s highest court’s constitutional affirmation.

If you missed the event, you can watch a video of Barry’s presentation (just click the link below).

Watch the Video Here

Veralytic is a separate entity from Valmark Securities, Inc. and Valmark Advisers, Inc.

Todd at Amarillo Area Estate Planning Council 

Our own Todd Healy recently had the pleasure of presenting at the Amarillo Area Estate Planning Council annual seminar.  His topic was Why should you care about what’s going on in the Life Insurance industry and he explored how life insurance is the largest unmanaged and least understood asset in most client’s portfolios.

Individuals and businesses, even nonprofits, engage us to identify, prepare for, and manage some of the risks they can't control.

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