Yes, life insurance, that phrase you’ve heard your whole life but not might be completely familiar with is, in fact, one of the best ways to bequeath money to your family. Here’s why: You can buy as much life insurance as you want – $300,000, $400,000, etc. – and it will pass on to your beneficiary tax free. Amazingly, life insurance remains the only “investment” that is not taxed.
If you would like to learn more about how life insurance can work for you in a big way call our life insurance advisor specialists at 724-382-1298 or complete the meeting form to start a dialogue.
We understand the importance for some of our clients to have a legacy plan as part of their investment portfolio. For some that involves a life insurance retirement plan. Our thoughts?
While many financial advisors may consider life insurance as an old school legacy investment strategy, we think otherwise. For one, today’s life insurance is not the same thing your grandparents and parents bought. So, at Secure Money Advisors we show our clients new and dynamic ways to utilize life insurance as a solid legacy plan.
Our method, which differs from most financial advisors and certainly most life insurance advisors, involves:
If you’re thinking of the old-school insurance policies, yes. But there are new and dynamic life insurance policies that offer considerable benefits for your legacy planning.
Because if properly executed it can allow you to pass on your wealth to your children without being taxed
An irrevocable life insurance trust offers you the best non-taxable legacy plan.
At Secure Money Advisors, our financial advisors have considerable experience establishing irrevocable life insurance trusts and have witnessed first-hand many families who have benefited from this legacy plan. So we will guide you through the process step-by-step.