Master Wealth Transition Secrets With Innovative Insurance Tactics

Innovative Insurance Tactics for Wealth Transition

Insurance is often seen as a safety net, but when used strategically, it becomes a powerful tool for wealth transition. Life insurance, for example, can be structured to provide liquidity to pay estate taxes, ensuring that your heirs receive the full benefit of your estate without the burden of tax liabilities. Permanent life insurance policies, such as whole and universal life insurance, accumulate cash value over time, which can be leveraged for various financial needs, including funding a trust or gifting to heirs.