We wanted to share this insightful article from BCG Companies’ Eric Hieber.
In today’s world of higher taxes, clients are looking for planning strategies that protect their assets for future generations. Life insurance has unique features that make it a great tool for generating tax-deferred and, possibly, tax-free benefits that can be used for various purposes, including, asset protection, income replacement, estate planning and business succession.
This article summarizes these features and provides insight into how life insurance can and should be a part of long-term planning strategies for high net worth clients.
The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.