🤫 Do you want to know the SECRET as to why and how 𝘁𝗵𝗲 𝘄𝗲𝗮𝗹𝘁𝗵𝘆 𝘂𝘀𝗲 𝗹𝗶𝗳𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 to reduce their taxes?

𝗘𝗦𝗧𝗔𝗧𝗘 𝗧𝗔𝗫𝗘𝗦
In 2024, estates worth more than $13.61 million are subject to federal estate taxes of up to 40%! A life insurance policy is used to help heirs avoid selling assets, such as real estate or a business, by insuring a portion or all of the estate tax liability.

𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦 𝗢𝗪𝗡𝗘𝗥𝗦
Wealthy business owners can use life insurance to fund a buy-sell agreement, which can help to reduce the financial impact of their death on the business.

𝗜𝗡𝗛𝗘𝗥𝗜𝗧𝗔𝗡𝗖𝗘 𝗧𝗔𝗫
The death benefit from a life insurance policy is income 𝗧𝗔𝗫-𝗙𝗥𝗘𝗘 for beneficiaries... and it doesn't matter the amount!

𝗕𝗜𝗡𝗗𝗜𝗡𝗚 𝗖𝗢𝗡𝗧𝗥𝗔𝗖𝗧
And, one of the great benefits of life insurance is that it's a binding contract between you and the insurance company. ✍️ This means that if Congress decides to pass new legislation that changes the rules, and declares that life insurance is no longer tax-free, your 𝗲𝘅𝗶𝘀𝘁𝗶𝗻𝗴 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗴𝗿𝗮𝗻𝗱𝗳𝗮𝘁𝗵𝗲𝗿𝗲𝗱 𝗶𝗻, protecting you from those amendments.

To learn more about how a life insurance policy can fit into your portfolio, call us at 𝟴𝟰𝟯-𝟴𝟬𝟬-𝟱𝟮𝟰𝟭!

While there, head over to our YouTube channel to catch up on past episodes of 𝙉𝙖𝙫𝙞𝙜𝙖𝙩𝙚 𝙔𝙤𝙪𝙧 𝙒𝙚𝙖𝙡𝙩𝙝! 🧑‍💻


#lifeinsurance #estatetax #taxstrategy