Tag Archives: financial investment
Inheritance With Tax-Advantage Life Insurance
Are you thinking about leaving an inheritance for your children and grandchildren? You’ve worked hard to achieve a degree of financial success and have set aside non-registered investment funds. These funds are an inheritance for an adult child or a grandchild. You don’t want the tax burden and probate fees to reduce the legacy. Although you’re unlikely to ever need the money yourself, you’re concerned about the safety of your investments. This means you want access to the funds should your circumstances change. Also, you’re in a high marginal tax bracket and are frustrated with paying significant annual taxes on the growth of these assets.
Set Up Tax-Advantage Life Insurance as Inheritance
Purchase a tax-advantaged permanent life insurance policy with your adult child as the life insured and the designated contingent owner.