Keith Friedman: Use Insurance as a Wealth Preservation and Financial Planning Tool | Holistic Guide to Wealth Management

Just make sure you and your clients understand costs, premiums, risks, and potential surrender charges. 

By Rory Henry CFP®, BFA™
For CPA Trendlines

Life insurance has long been misunderstood. Too often, advisors and clients alike dismiss it as costly, confusing, or underperforming. But as Keith Friedman, CEO and founder of FBO Strategies, explains on our recent podcast, permanent life insurance deserves a second look. When designed and communicated correctly, life insurance can be a flexible, tax-efficient asset that provides protection, liquidity, and even a hedge against long-term care costs. 

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Friedman, creator of the trademarked Carbyne Allocation® approach, has built his practice on independence, analysis, and transparency. He believes the industry needs to move past outdated sales tactics and toward thoughtful integration of insurance into portfolio construction and holistic planning. 

“Permanent life insurance or cash value life insurance is frequently viewed as something that is expensive, rigid, and doesn’t perform,” Friedman says. “Now some of those things are true—but over time the commissions and fees are actually less than if you paid an advisor to manage your money.”