wealth transfer insurance
How to Use Life Insurance for Estate Planning
Insurance Solutions for Estate Tax Concerns Specialized insurance for estate tax needs often involves life insurance policies owned by irrevocable trusts. These solutions provide liquidity to pay estate taxes without forcing heirs to sell family businesses or other assets. The death benefit grows outside your taxable estate while providing funds to cover tax obligations when […]
Premium Financing: How the Ultra-Rich Buy Life Insurance
Premium Financing Life Insurance Explained Premium financing life insurance allows high-net-worth individuals to leverage bank loans to purchase large policies without liquidating assets. This strategy preserves investment capital while obtaining substantial death benefit coverage. The ultra-wealthy use these arrangements to maintain liquidity while creating tax-advantaged wealth transfer vehicles. When structured properly, premium financing life insurance […]
What Is an Irrevocable Life Insurance Trust—and Do You Need One?
Understanding Irrevocable Life Insurance Trusts An irrevocable life insurance trust (ILIT) is a powerful estate planning tool that removes life insurance proceeds from your taxable estate. These trusts own your life insurance policy, preventing the death benefit from being counted as part of your estate for tax purposes. High-net-worth families frequently use ILITs to preserve […]