The Legacy Builder Strategy allows optimization of any excess capital or cash flow not required for a family’s immediate needs to leave a much larger benefit for your clients heirs and personal causes.
How the strategy works
The strategy leverages the strengths of permanent life insurance, including the immediate creation of a large, tax-free, estate benefit.
If your client chooses a policy that has a cash value component, the strategy may also use the tax-sheltered accumulation of cash value within an exempt policy.
Variations of the strategy
Consider these different approaches you can take with this strategy
- Annuity Estate Maximizer: For the retired client with surplus pension income this solution provides a tax effective program to maximize bequests
- Registered Retirement Income Fund (RRIF) Estate Maximizer: For those with surplus retirement income and a desire to make a tax-free transfer of money to their beneficiaries using life insurance.
- Charitable Insurance: For those with surplus income and a desire to make a significant gift to a charity on their death while receiving tax credits on the annual contributions to a tax sheltered life policy.
- Income Shelter: For those who want to finance a future bequest from current savings, this solution tax shelters earnings and offers superior inheritance values