Life Insurance Tax Advantages and Estate Plans

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Life-Insurance-Tax-Advantages-and-Estate-Plans

Most people know that life insurance can provide families with a financial lifeline in the event the primary breadwinner dies prematurely.  However, not as many individuals fully appreciate the estate-planning benefits inherent in a life insurance policy. This product possesses unique tax advantages that policy holders can utilize to leave their heirs a tax-free financial legacy. This is possible because life insurance proceeds do not have to be subject to estate taxes. The estate tax is a … [Read more...]

Filed Under: Bottom #2 and #3, Estate Planning, Financial, Financial Planning
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How To Avoid Capital Gains Tax On Real Estate And Other Assets

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Avoid-Capital-Gains-Tax-On-Real-Estate

What if I told you that paying capital gains taxes - estate taxes - and to some extent even income taxes … is voluntary? What if I told you that you could sell appreciated capital assets like real estate, stocks/bonds/mutual funds, even exotic animals (that’s another story – and a really interesting one!) and pay $0.00 in capital gains taxes, while also receiving: A substantial income tax deduction? Protection from creditors? An increased, effortless income stream? A reduction in … [Read more...]

Filed Under: Estate Planning, Featured Slider, Financial
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How to Sell To Affluent Seniors, Part 1

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Insurance Producers Learn How to Sell to Affluent Seniors

According to the IRS, there are 9 million households with a net worth of $1 million or more. According to Forbes, there are now more than 300 billionaires in the United States. Mr. or Ms. Millionaire’s average age is 44, while the average billionaire is only 46. And this doesn’t even include inherited wealth, which accounts for a surprisingly low 3 percent of the wealthy. The affluent come from a middle-class or blue-collar background and likely graduated from a state university. Most … [Read more...]

Filed Under: Estate Planning, Financial, Top 3 #2
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How to Create an End of Life Plan

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Financial Advisors: How to Create an End of Life Plan

The Importance of an End of Life Plan: Nobody likes talking about the fact that some day they will die. However, not only is death a guaranteed outcome, but often times death occurs at an unexpected time much sooner than anyone anticipated. So given the fact that death is inevitable, financial advisors simply cannot overlook or ignore this all-important piece of an overall financial or retirement plan. Like so many families, when my family suffered the loss of a loved one, we faced the … [Read more...]

Filed Under: Estate Planning, Financial, Life, PickLeft
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Art on Wheels, What You Need to Know About Collector Car Insurance

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What You Need to Know About Collector Car Insurance

An estimated 10,000 auto gatherings take place every year in the United States. They range from grand spectacles, such as the Pebble Beach Concours d’Elegance and the Cavallino Classic at the Breakers Hotel, to small gatherings in a McDonald’s parking lot, where local collectors show off their favorite rides. No matter the level of participation, the popularity of these events points to an ongoing love affair with the automobile and the continuing growth of car collecting as a hobby. For … [Read more...]

Filed Under: Bottom #1, Estate Planning
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Leaving a Legacy vs Retirement Income: How Whole Life Insurance Solves Both

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Leaving a Legacy vs Retirement Income: How Whole Life Insurance Solves Both

Traditionally life insurance has been used to solve estate tax and business succession issues for the wealthy. This article addresses the non-traditional uses for permanent life insurance. Most people see insurance as a cost, not as a tool to help them with their success. Not a place to put money into for its value. Yet, life insurance, correctly planned, is a tool for success for the following reasons: Whole life insurance provides real value for the policy owner who owns the policy … [Read more...]

Filed Under: Estate Planning, Featured Slider, Financial, Life
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