Minimize taxes.  Life insurance is a tax-protected way to protect your heirs’ interests.  Puerto Rico marketed its bonds as “triple tax free” (exempt from federal, state and local income taxes), which made them very attractive, until Puerto Rico admitted they could not actually pay them off.  Greenline Partners offers a risk parity model, not common among Money Managers serving institutions, which focuses on tax minimization by understanding the long term impact of deferring taxes and overlaid with a unique tax loss harvesting methodology.  Some robo-advisors provide automatic tax loss harvesting to help investors minimize taxes as well.