Sentences with phrase «great estate planning tool»
It serves as a great estate planning tool as it can be purchased by an irrevocable trust, with your heirs as the beneficiary and the insurance proceeds are kept out of the estate for tax purposes.
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Another way that life insurance can be used as a great estate planning tool is by naming your business partner as the primary beneficiary.
This is leverage at work and a big reason life insurance is a great estate planning tool.
This is why Indexed Universal Life Insurance is a great estate planning tool.
Years later, most whole life insurance policies are cancelled because again, life insurance is a great estate planning tool, but if used inappropriately, can yield bad financial results.
A Roth IRA is also a great estate planning tool, since you can leave the account to your heirs and stretch out distributions tax free.
Life insurance annuities are tax - deferred investment vehicles that can be great estate planning tools.
Not exact matches
They can be a great tax - and estate planning tool for people who are charitably inclined, but they shouldn't be confused with insurance annuities.
Whole life insurance has a cash value that can function as a savings tool that accumulates tax - deferred wealth over time.Whole life insurance is a great tool to use when planning an estate as it helps preserve your wealth when transferring to your beneficiaries.
It is a great estate planning and life insurance tool.
When life insurance is used as a tool in estate planning, it is best to consult an attorney to determine which types of insurance offers the greatest tax advantages for your specific situation.
Indexed Universal Life: An IUL is another great tool for estate planning.