You can’t take it with you, but you can maximize what you leave behind
Do you have “leave-on” money, funds you don’t need to live on but to pass on? What if you could double or triple your legacy funds with no additional risk, immediately?
What do you have now?
Once individuals their own financial affairs in order, thoughts typically turn to the legacy they will leave to their family. Some view the stock market as too risky and place their money in the bank, keeping it safe. Others choose to avoid current taxation and place those funds in annuities and qualified accounts.
What’s wrong with that?
Money in the bank – earns next to nothing, and those meager earnings are taxable.
Money in annuities – represents a tax time bomb; these funds will defer taxes to your children and grandchildren, likely during their peak income earning years and highest tax brackets.
Money in qualified funds – like annuities but worse as required minimum distributions must be paid out and every dollar is taxable.
What’s the solution?
Wealth transfer life insurance can help you leverage your legacy funds, often providing two to three times their current value, immediately. A one-page application without a medical exam is all it takes to improve your situation. You can’t take it with you but you can maximize what you leave behind.
