Wealth Transfer Using A Life Insurance Policy

Tell me more…

life insurance for wealth transfer

Money For Generations? Tell Me More..

I know what your thinking…a life insurance policy? For wealth transfer?

Yes!.. Let me explain

Typically you think of getting a life insurance policy to protect your family or business if you die.  Also consider that it can be used to generate and transfer wealth onto your children/grandchildren after you are gone. 

What a legacy!

Let me guide you through how…

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Tax Avoidance!

The proceeds and dealth benefit are paid out tax free.  Not alot of other products out there can say that.  When estate planning, advisors often turn clients to a permanent/whole life insurance.

Clients often comment.. I will be gone, why would I care about taxes.

Let me give an example;

You are 55 years old and take out a $1 million dollar policy.  Your premiums over time add up to $100,000. 

As you can see that is a good return for the investment you paid.  Now, when you die, your beneficiary gets the death benefit of $1 million.  

Normally with taxable income, $300,000 would go to taxes… but, with these life insurance policies- your beneficiaries don’t pay this-they get to keep all the money.

More financial security for them, more money for their future!

You may be the first in your family to be financially successful- what a gift to leave generational wealth for your family.

What you need is a permanent life policy. 

These include; Universal and Whole Life 

– Not a TERM life policy.

These permanent life products give you that lifetime guarantee.  Term policies have a set term limit so they will run out.  Permanent life policies continue till your death.

We can help you decide which policy is right for you.

Good question, the sooner the better!  

However if you are in your 60’s and in good health it’s not too late.

Many healthy seniors can get a policy fairly easy. 

In some cases there may just be a simple “on-line” questionnaire and if sufficient with no extensive underwriting needed…a policy is yours.

However, if you do have health conditions don’t pass on this just yet.  

That’s what makes our agency so outstanding- we help those “not so simple” clients get the coverage they need.

Any agency can help insure the “easy” clients.  We offer elite help to everyone and thrive at the challenge.

best age for wealth transfer policy

Wealth for generations!- Your family will be so thankful

We can help you get started- let’s look at your options

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