Sentences with phrase «life insurance for estate planning purposes»

These policies are the most beneficial for those who want to purchase life insurance for estate planning purposes, to leave an inheritance, or as a pension maximization strategy.

I also have affluent clients (ages 50 - 70 mostly) who purchase life insurance for estate planning purposes.

Not exact matches

And life insurance could play a role, if only for estate planning purposes.

Most people need to own life insurance at different times for survivor income or estate planning purposes.

Convertible term life insurance is ideal for securing an inexpensive death benefit for estate planning purposes.

Two asset protection benefits are, one, that an irrevocable trust may be set up for the employee to own the policy, such as an irrevocable life insurance trust OR another type of grantor trust, and this can assure that the policy will not be included in the employee's taxable estate for split dollar estate planning purposes.

«For someone later in life, it could be an estate planning purpose to buying life insurance to leave a legacy for a cherished beneficiary or to donate to charity or to cover income tax at death.&raqFor someone later in life, it could be an estate planning purpose to buying life insurance to leave a legacy for a cherished beneficiary or to donate to charity or to cover income tax at death.&raqfor a cherished beneficiary or to donate to charity or to cover income tax at death.»

Unlike standard life insurance policies where the surviving spouse is usually the beneficiary, second - to - die life insurance is generally used for estate planning purposes.

Your family lawyer may also have some good contacts with agents in the life insurance business that he or she used for estate planning purposes.

We also help men ages 46 to 50 purchase term life insurance for business insurance, mortgage insurance, or for estate planning purposes, but these are less common.

But before you consider using life insurance as part of your estate plan, it's important to understand the types of survivorship life insurance policies commonly used for this purpose.

However, if you need life insurance for such things as estate purposes, inheritance taxes, business reasons, or to set up a trust or donate to a charity, then you might be better advised to look at some other form of permanent insurance plan such as whole life or a universal life insurance policy.

If you are a key man in a business life insurance policy, or you need life insurance for estate planning or estate tax purposes, you may be able to qualify for more.

The Universal Life Insurance plans we offer have been designed to help meet the life insurance needs and financial goals of many clients - including individuals whose focus is on death benefit protection for estate planning, retirement, and asset preservation purpoLife Insurance plans we offer have been designed to help meet the life insurance needs and financial goals of many clients - including individuals whose focus is on death benefit protection for estate planning, retirement, and asset preservation Insurance plans we offer have been designed to help meet the life insurance needs and financial goals of many clients - including individuals whose focus is on death benefit protection for estate planning, retirement, and asset preservation purpolife insurance needs and financial goals of many clients - including individuals whose focus is on death benefit protection for estate planning, retirement, and asset preservation insurance needs and financial goals of many clients - including individuals whose focus is on death benefit protection for estate planning, retirement, and asset preservation purposes.

My second is that it is covered in an article I recently came across in Investment News, which discusses how these cash value or universal life insurance policies (for the purpose of this blog post, the two are basically the same) were used by estate planning attorneys to fund irrevocable life insurance trusts to help alleviate estate tax obligations.

Life insurance for senior citizens allows seniors to purchase a policy that they can use for burial expenses, for paying off an existing mortgage, for estate planning or for any purpose.

While we generally recommend that most people purchase a term life policy in order to maximize coverage at the lowest possible cost, term insurance is not ideal for estate planning purposes.

Second - to - die life insurance, also known as survivorship life insurance, is an interesting and affordable policy option you may want to consider for estate planning purposes.

Convertible term life insurance is ideal for securing an inexpensive death benefit for estate planning purposes.

In general, life insurance for estate planning is used for a few purposes which may include any of the following:

The death benefit of a whole life insurance policy can be received tax free by the beneficiaries, and for this reason whole life insurance is used for estate planning purposes as well as providing income for beneficiaries after the insured passes away.

Two asset protection benefits are, one, that an irrevocable trust may be set up for the employee to own the policy, such as an irrevocable life insurance trust OR another type of grantor trust, and this can assure that the policy will not be included in the employee's taxable estate for split dollar estate planning purposes.

Basically, last survivor life insurance is used by spouses for estate planning purposes and is a way to help ease the financial burden of estate taxes placed on your heirs.

Indexed Universal Life or Survivorship Universal Life are excellent vehicles for estate planning, such as funding irrevocable life insurance trusts and business planning purposes, such as key man insurance and buy sell agreemeLife or Survivorship Universal Life are excellent vehicles for estate planning, such as funding irrevocable life insurance trusts and business planning purposes, such as key man insurance and buy sell agreemeLife are excellent vehicles for estate planning, such as funding irrevocable life insurance trusts and business planning purposes, such as key man insurance and buy sell agreemelife insurance trusts and business planning purposes, such as key man insurance and buy sell agreements.

This can be a huge relief when you are using a single premium policy to fund an irrevocable life insurance trust for estate planning purposes.

Most guaranteed universal life insurance policies offer as little as $ 25,000 of coverage for final expenses, or as much as $ 50,000,000 for estate planning purposes.