Life Insurance Solutions

Here at Perspective Wealth Planning, we take a comprehensive approach integrating life insurance into our clients financial plans. When most people hear the term “life insurance” they think of a policy that pays beneficiaries when they die.  When we look at life insurance, we see the only vehicle that you can contribute an almost unlimited amount of money into, that grows on a tax-deferred basis, and when you take money from the policy (through withdrawing what you have paid in premiums and then taking a loan against the policy), it comes out as tax-free income.  Better yet, the money you receive from your policy comes out not only tax-free, it is non-reportable income as well.  It is important to note, the loan you take against the policy will reduce the death benefit paid to your heirs if the loan is not re-paid before your death. Click here to read more.

Estate Planning

The last and most important step of the financial planning and retirement process is Estate Planning. This is where we will discuss what you want to have happen to your assets if you were to pass away. There is no single solution or answer to Estate Planning and everyone’s individual situation will be different. Here, we can discuss ways to maximize your assets to pass on in a tax-efficient manner, different types of trusts, review your will and beneficiaries, and also bring those beneficiaries in for a meeting if you want them to be aware of your legacy plans.

Products and Solutions

Helping you to create an Estate Plan / Reviewing your current plan

Small Business Solutions (succession or exit planning, key man, golden handcuffs)

Whole Life / Term / Universal / Indexed / Variable

Using life insurance to fund education costs

Using life insurance to help supplement retirement income

This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance agent. This article is intended to assist in educating you about insurance generally and not to provide personal service. They may not take into account your personal characteristics such as budget, assets, risk tolerance, family situation or activities which may affect the type of insurance that would be right for you.  In addition, state insurance laws and insurance underwriting rules may affect available coverage and its costs. Guarantees are based on the claims paying ability of the issuing company. If you need more information or would like personal advice you should consult an insurance professional. You may also visit your state’s insurance department for more information.