For most consumers, life insurance choices boil down to term versus permanent. And while there are certainly instances where term life insurance may make more sense, most high-net-worth individuals would benefit from the long-term value and protection that is only offered by permanent life insurance options.
Understand how estate equalization works, learn the benefits and considerations to take with this easy to use infographic. Estate equalization allows clients to leverage a pool of liquidity they can utilize to ensure beneficiaries receive their fair share.
If estate equalization is a good fit for your client, it’s vital to structure the process properly. The first step will likely be helping your client choose the right level of death benefit protection for the estate. Asset values can change from year to year, and the number of beneficiaries can fluctuate as well. Selecting the right amount requires careful forward planning.
In a world where consumers are increasingly seeking financial advice tailored to their specific needs, it’s more important than ever for insurance producers to offer their clients custom-fit solutions. When it comes to wealth transfer planning, private financing can be just such a solution.
Taking a varied approach to financial services is the name of the game in today’s market, and professionals who aren’t exploring their options when it comes to a multidiscipline approach may find themselves falling behind.
The old saying goes that death and taxes are the only two unavoidable occurrences in life. This is never more true for your clients than when it comes to inheritance and estate planning. While high-net-worth clients may be focused on what they’re leaving behind for their loved ones, a common blind spot is how much of a bite the state is going to take.
When it comes to estate planning, your clients have a huge number of considerations to make. These difficult questions are compounded when blended families are introduced into the picture.