Episode 291 - Life Insurance Its Not Your Grandmothers Policy Anymore!
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While life insurance is certainly not a sexy or thrilling, edge-of-your-seat subject, it can serve as a very practical tool in today\\u2019s economic climate.\\xa0In fact, some advisors consider it a bit \\u201cedgy.\\u201d Primarily, life insurance is a way to protect your loved ones and help leverage their financial woes in the event of your untimely death. However, the impact life insurance can have while you\\u2019re alive can be surprising, too, given its tax advantages. This can include business-related transactions to transfer business values or cover key persons within the business.
Tax advantages can amount to significant dollars during your lifetime, like tax-free withdrawals for income and other emergencies, not to mention a fully tax-free death benefit. The number of times clients have been dumbfounded at the thought that Dad\\u2019s life insurance was/is tax-free is almost uncountable. Many times, surprise in a most positive way has been an enjoyable conversation to have.
This week, Deann will discuss lots of stats related to this, and Nathan and Heidi will be joining in on the conversation too!\\xa0Tune in and take control!
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