Life insurance is not an expense. Life insurance is money. We believe that life insurance can offer so much more than income replacement—it can actually change the way you plan your estate and help you maximize your legacy. Life insurance is the most flexible and efficient tool out there because it offers you a guaranteed, tax-free dollar amount of return. That’s why it belongs in every truly diversified portfolio as an investment alternative. It can:
- Reduce your exposure to the estate tax: With a current top rate of 40%, the estate tax can take a nasty bite out of your lifetime savings. A life insurance policy can remove assets from your estate to reduce your tax exposure. Then the proceeds from that policy pass tax-free to your heirs, creating a greater legacy than you ever thought possible.
- Create estate liquidity: Why should your kids have to liquidate a real estate portfolio or an operating business to settle your estate? A life insurance policy creates a tax-free, lump sum of cash that can be used to buy time and options after your death.
- Leverage the value of your retirement accounts: Life insurance can do wonders for your IRA. Do you want to avoid losing the majority of your IRA to income and estate taxes upon your death? Do you want to leverage the value of your account for future generations or the charities that you support? Life insurance can do that.
- Protect those who rely on your income: Life insurance can eliminate financial stress and make sure money is available for all of your family’s long-term needs after your death.
No other vehicle offers you comparable stability and predictability. If you are interested in creating a secure and lasting legacy, let us show you how life insurance can achieve those goals. If you already have a life insurance policy, use our review service to find out if that policy is still meeting your needs or if there may be a better option out there for you. Our advisors are here help you. Call us today.