Estate Tax Impacts Your Circle of Wealth

Estate taxes are a major source of wealth transfer to the federal government.

Much of these dollars are transferred unknowingly and unnecessarily.

INVESTMENTS:

You must be registered with a broker/dealer to discuss investment concepts with a consumer.

TAXES:

This information is a general discussion of the relevant federal tax laws. It is not intended for, nor can it be used by any taxpayer for the purpose of avoiding federal tax penalties. This information is provided to support the promotion or marketing of ideas that may benefit a taxpayer. Taxpayers should seek the advice of their own tax and legal advisors regarding any tax and legal issues applicable to their specific circumstances.

LIFE INSURANCE:

Please remember the primary reason to purchase a life insurance policy is to protect one's beneficiaries through the death benefit.  However, permanent life insurance can also serve as an accumulation tool that has some very unique benefits. To qualify for life insurance, one must take a health examination to determine insurability.  Not everyone is insurable. Life insurance products contain fees, such as distribution fees and mortality and expense charges. The main way that a permanent life insurance policy is positioned to be tax advantaged is though policy loans.  Policy loans may reduce the cash value and death benefit of a policy, and if they are not repaid, a loan could cause a policy to lapse. If a policy is over funded and becomes a MEC contract, the contract's earnings will be taxed as ordinary income at withdrawal, and may be subject to a 10% penalty if withdrawn before age 59 1/2. All hypothetical presentations must be based off of policy illustrations, and the illustration must be presented to the client.

Not much script is necessary here but having the calculator to input the prospects actual numbers will certainly give you a place to begin discussing their major concerns and opportunities to avoid unnecessary transfers.  There are four screens in this loop with the last one being the notes page.  If you print any of the information in this loop you must also give the client a copy of the notes page on screen 4.

No math presented on this screen.