For many clients, estate planning is not just about transferring assets. It is about creating a legacy that can support children, grandchildren, and future generations in a meaningful and efficient way.
Many clients think of inheritance as a future event. As a financial professional, you can help them view it as a long-term planning opportunity that should begin much earlier.
In the realm of retirement planning, life insurance often takes a backseat to more traditional investment vehicles like 401(k)s, IRAs and annuities. But that doesn’t mean it’s not an effective retirement planning tool. A life Insurance retirement plan (often referred to as LIRP), besides being fun to say, offers more than just tax advantages.
Life insurance planning changes as your life does. What you need at 35 is not the same as what you’ll need at 55. Knowing how your needs shift can help you make better choices now, save money and help you feel prepared later.
You may have missed it, but Ash Brokerage held a debate to determine which product should betheofficial product for clients turning 65. The candidates were Medicare, annuities and long-term care (LTC) and each contender made a compelling argument.
Spoiler alert: we took a vote, and our audience crowned Medicare the winner. Do you agree? Ifyouwere in the audience, who would you vote for?
Each product brings value and has its own strengths, but no one can stand alone.
Planning for retirement means more than just saving. It’s about making sure you have a steady income that lasts as long as you do. With people living longer and markets staying unpredictable, many retirees worry about running out of money. An indexed annuity can help by providing guaranteed income for life, helping give you more certainty and confidence in your retirement plan.
Life insurance is much more than just a safety net. For high-net-worth or ultra-high-net-worth clients, life insurance functions as a strategic asset that can preserve wealth, manage taxes and create a smoother transfer of wealth from one generation to the next. When designed thoughtfully, it offers tax-efficient and low-volatility returns that are aligned with long-term legacy goals.
But many clients view premiums as a sunk cost, instead of treating life insurance as an asset with its own return profile. In addition to understanding how these returns work, it’s also helpful to consider a case study or two that show life insurance in action
Estate planning is essential for everyone, regardless of the size of the estate. Life insurance plays a crucial role in various aspects of estate planning, helping provide financial security to your loved ones. Here are 10 ways to use life insurance in estate planning for modest estates.
“Despite having to navigate various macroeconomic, economic and social challenges, the US life insurance and retirement industry holds significant potential for growth”.
E&Y just published a continuation of a series analyzing the impacts and potential benefits of including insurance products in a retirement plan to help meet the savings and protection needs of consumers.
Ask your clients to rate the life they’re living on a scale from 1 to 10.
Their car? An 8 or 9.
Their home? Maybe a 7 or 8.
Their kids’ school? An 8, maybe higher.
Your clients work hard to provide a life they’re proud of. But when it comes to protecting that lifestyle, too many are only planning for a 3. To me, that’s a disconnect. If your clients are working hard to give their families the best, why would the plan to protect it fall short?
Buy low in one market. Sell high in another.
It’s the basic philosophy of investing, driven by arbitrage. Many clients are taking advantage of arbitrage in some form, be it stocks, bonds, currency, real estate or another leveraged investment to build portfolio wealth.
But what about leveraging the price discrepancies between insurance products?
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