Life insurance can be a complicated product without proper planning. With so many different types of life insurance available coupled with the unique needs and goals each consumer has, people should consider carefully the type and amount of coverage for their inimitable situation. Fortunately, the characteristics of life insurance for most people are easier to [...]
Before we talk about how to begin a legacy plan we first need to understand what it is. A legacy plan is a conscientiously designed plan that goes deeper than the traditional estate planning, which will incorporate not only the accumulated family wealth but also the values and goals that made the wealth possible. Those [...]
Wealth transfer and asset protection are important topics for many baby boomers and seniors. Consumers want to learn efficient ways to maximize the distribution of assets to their spouses, younger generations and favorite charities. A will and/or a trust can assign assets to beneficiaries, however these estate-planning tools are not designed to create wealth so [...]
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act signed into law by President Barack Obama on December 17, 2010 created an unprecedented opportunity to transfer wealth to your loved ones and significantly reduce your future tax liability over the next two years. Juvenile life insurance is a popular new option for tax-advantaged wealth [...]
Many consumers, seeing the term “wealth transfer plan”, move right along-thinking of the bills due today, perhaps, and not worried about the future. Perhaps you have a will in place, and think you’re covered-or, like many, perhaps you’re planning on writing a will but haven’t gotten around to it yet. Here’s something to consider: every [...]
Indexed Universal Life Insurance Never Has a Negative Return! This is extremely powerful over time. An Indexed Universal Life policy has 2 differences/benefits (many, really but here are 2) that no other account can match: An annual lock-in and a floor that never lets your investment go negative. With those 2 features alone, you’ll outpace [...]
