Wealthy Clients Use Life Insurance to “Disinherit” the IRS. Here’s How

Wealthy Clients Use Life Insurance to “Disinherit” the IRS. Here’s How

Innovative financial advisors are always thinking about how they can help clients hang onto their assets and keep Uncle Sam’s grasping hand out of their pockets.

The latest innovation is bespoke life insurance strategies that function as “family banks” outside estates. These strategies help ultra-high net worth clients spend more money now, build a legacy and disinherit the IRS. 

The key is private placement life insurance in which the policyholder controls the investment component and enjoys significant tax savings. It really starts by looking at insurance as an asset class that offers a predictable return. By building in these accounts for the next generation, clients can spend more while they’re alive to enjoy their money. It’s like having your cake and eating it too.  By managing the investment component, the value can grow to much more than the actual underlying insurance. 

Life Insurance and Wealthy Clients
Richard C. Schmitz: Private Placement Life Insurance
When Should a Hedge Fund Avoid Private Placement Life Insurance?

For more on this topic and advising ultra-high-net worth clients, please visit:
Using Insurance to Help Wealthy Clients ‘Disinherit the IRS’ | ThinkAdvisor

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