insurance is a cornerstone of financial planning; whether it’s used
for basic family protection, business protection, tax planning or
insurance is the basic “security net,” and is the only product that
will guarantee to pay the desired funds exactly when needed in a very
tax efficient manner.
can provide guaranteed income replacement, as well as cash values that
can be used for retirement planning, funding education, or simply
provide a guaranteed “reserve” fund for liquidity that may be needed
at in-opportune times for liquidating assets.
insurance can also be used for investment purposes, where minimum
mortality policies, traditional UL, VUL, or Private Placement plans can
be used to provide tax-free accumulation.
Pre-immigration planning, particularly for individuals becoming
residents of countries that tax worldwide income (including U.S. Green
Card holders, regardless of physical residence), assets can be put
inside a compliant insurance product to allow for tax free accumulation.
life insurance can be utilized to pay potential estate / inheritance
taxes in a very cost effective manner.
a Wealth Transfer standpoint, there is no better vehicle to effectively
transfer assets than Life Insurance.
does so in the most tax favored manner possible, while paying pennies on
the dollar for the actual amount transferred.