SIC Code 6411-31 Description (6-Digit)

Companies in the Insurance-Estate Planning industry provide services related to estate planning, which involves the management and distribution of an individual's assets after their death. These companies work with clients to create a plan that ensures their assets are distributed according to their wishes and in a tax-efficient manner. Insurance-Estate Planning companies also provide advice on how to minimize estate taxes and protect assets from creditors.

Hierarchy Navigation for SIC 6-Digit Code 6411-31

Parent Code (less specific)

6411 - Insurance Agents, Brokers and Service

Tools

Trusts: A legal arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary.
Wills: A legal document that outlines how a person's assets will be distributed after their death.
Life insurance: A policy that pays out a sum of money to beneficiaries upon the policyholder's death.
Power of attorney: A legal document that gives someone else the authority to act on behalf of the person who created the document.
Annuities: A financial product that provides a regular income stream in exchange for a lump sum payment.
Longterm care insurance: A policy that covers the cost of longterm care, such as nursing home care or inhome care.
Irrevocable life insurance trust: A trust that is funded with a life insurance policy and is designed to minimize estate taxes.
Charitable trusts: A trust that allows a person to donate assets to a charity while still retaining some control over those assets.
Family limited partnerships: A legal structure that allows family members to pool their assets together for estate planning purposes.
Living trusts: A trust that is created during a person's lifetime and can be used to manage assets both during their lifetime and after their death.

Industry Examples of Insurance-Estate Planning

Estate planning services
Trust management services
Life insurance planning
Wealth management services
Retirement planning
Tax planning
Charitable giving planning
Longterm care planning
Asset protection planning
Business succession planning

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