Wealth Transfer Strategy Using Deferred Annuities to Fund Life Insurance
Although a Deferred Annuity is a great vehicle to accumulate funds for retirement, it is not an efficient vehicle to transfer wealth since it may be taxed twice at death.
Although a Deferred Annuity is a great vehicle to accumulate funds for retirement, it is not an efficient vehicle to transfer wealth since it may be taxed twice at death.
You have access to many products that can provide your clients with tax favored cash accumulation and if structured properly, will also provide for non-reportable, tax-free income.
The Income Provider Option from a few of our selected carriers allows the policy owner to select a guaranteed annual or monthly income stream death benefit for payment to one or more beneficiaries.
Successful individuals between the ages of 30 and 50 with young families will find that permanent Life Insurance is an ideal asset.
A unique feature on guaranteed universal life is a return of premium option, included at no additional charge within the policy, which provides clients with an exit strategy, giving them flexibility for their future.
After all the work, how many of your applications actually end up being placed in-force?
The client does not need to convert their entire term policy at once and can make use of multiple partial conversions to help keep premium costs low while providing added flexibility.
Recently, statistics have been released to help better identify the types of companies that typically inquire about business evaluations.
Life Insurance can be used as a powerful tool to leverage Social Security payments for future generations.
For this couple the decision was rather simple. Do nothing with the unneeded Social Security income or leverage that benefit to fund a legacy trust for the benefit of their heirs for years to come.