Wealth Accumulation
Cash-value life insurance not only provides death benefit protection, but it can also build tax-deferred cash that can be accessed for emergencies or opportunities. It is one of relatively few retirement/savings vehicles that provides a source of tax-free supplemental retirement income. If structured properly, a cash-value life insurance policy allows you the flexibility to access money as needed through withdrawals and loans on a tax-free basis.
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This short guide reveals proven strategies that you can use to build wealth and significantly minimize taxes in the future.
Estate Liquidity Solutions
Life insurance can be a tremendous liquidity tool to pay estate taxes within a short period of time. It can also be an effective tax-efficient and tax-advantaged asset. Most life insurance policies are less expensive than other methods to pay estate taxes and can prevent other valuable assets from having to be liquidated.
Cash Option
100%
Dollars
Liquidation Option
Discounts, fees, commissions
Borrow Option
100% +
Interest
Life Insurance
Discounted Dollars
Graph depicts potential costs per million dollars of estate tax. Life insurance insurance figure based of healthy male, age 54.
Life Insurance in Estate Planning
- Create or increase the size of an estate.
- Fund buy-sell agreement.
- Insure key person.
- Estate liquidity to pay debts, administration, and taxes.
- Cover business debts and support business.
- Equalize bequests to children.
- Replace gifted assets for spouse or children.
- Provide income to spouse and family.